Indexa Capital

Indexa Capital Group stands as an automated investment manager, established in 2015 by co-founders Unai Ansejo, François Derbaix, and Ramón Blanco. The firm operates primarily in Spain, launching in Belgium in 2020 and France in 2023. The founders brought together a diverse skill set; Ansejo has a Ph.D. in Quantitative Economics and experience as a fund manager, Derbaix is a serial internet entrepreneur with successful exits like Toprural and Rentalia, and Blanco has a background in business and law with an MBA from Harvard, along with experience founding Selfbank. This collective expertise in finance, investment, and digital ventures shaped Indexa's foundation. The initial idea stemmed from a plan to create a secondary market for startups, which later evolved into the automated investment service after observing the success of robo-advisors in the United States.

The company's core business revolves around providing discretionary portfolio management through a low-cost, passive investment strategy. It serves individual investors by creating globally diversified portfolios of index funds and pension plans. Revenue is generated primarily from a management fee based on the client's total portfolio amount, which is designed to be significantly lower than traditional banks. The business model is centered on a "success circle": lower fees lead to higher net returns for clients, which attracts more assets under management (AUM), enabling further cost reductions. This strategy propelled the company to profitability by the third quarter of 2019, making it one of the first independent automated managers in Europe to do so. By the end of 2024, Indexa Capital Group reported consolidated revenues of €6.61 million and a net profit of €0.76 million.

Indexa Capital's service uses proprietary algorithms to construct customized portfolios based on a client's risk tolerance and financial goals. The investment philosophy is based on Modern Portfolio Theory and the Black-Litterman model to optimize asset allocation for a given level of risk. Key features include automatic rebalancing to maintain the desired asset allocation and tax-loss harvesting. The platform offers various products, including investment fund portfolios, pension plans, and, for residents of the Basque Country, EPSVs (Voluntary Social Benefit Entities). The minimum initial investment is €2,000 for fund portfolios and €1,500 for pension plans. For clients interested in ethical investing, the platform also provides socially responsible investment (SRI) options that incorporate environmental, social, and governance (ESG) criteria. The group expanded its services by acquiring Caravel, an insurance broker in France, to offer retirement savings products. The company is regulated by Spain's National Securities Market Commission (CNMV) and is audited by Grant Thornton.

Keywords: automated investing, robo-advisor, passive investment, index funds, low-cost investing, portfolio management, financial planning, pension plans, wealth management, asset allocation, fintech, diversified portfolios, long-term investing, socially responsible investing (SRI), investment management, Unai Ansejo, François Derbaix, Ramón Blanco, Spanish fintech, BME Growth