Assets under management at Spanish wealth-tech platform Allfunds Group jumped 29% during 2021, finishing the financial year at €1.5 trillion, following its IPO in April.
Net flows climbed to €151 billion, while revenues totalled €506 million, a 37% increase compared to 2020. Adjusted EBITDA, meanwhile, soared to €367m, representing a margin of 73%.
“2021 was a milestone year for Allfunds, defined by our successful IPO on Euronext Amsterdam, and the delivery of strong financial performance and growth in our key international markets,” said Juan Alcaraz, CEO of Allfunds.
“I am proud of the role Allfunds continues to play in providing innovative, market-leading solutions in fund distribution, serving as a much-needed source of efficiencies against an increasingly complex market backdrop,” he added.
The platform connects fund managers to product distributors with end investors. Last year, some 169 new fund houses joined the platform, along with 85 new distributors.
Allfunds has also announced the appointment of a new chief financial officer, succeeding Amaury Dauge.
Álvaro Perera has been promoted to CFO, from head of FP&A and M&A, having joined Allfunds in 2017.
Alcaraz said that Perera had been “instrumental to Allfunds’ IPO as well as to its inorganic growth strategy” and confirmed that Dauge will remain with the company until 31 March “to ensure a smooth and effective transition”.
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