Union Financiara Asturiana
Making loans for everything needed, quickly and without changing banks.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
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Unión Financiera Asturiana, S.A. E.F.C. (UFASA) is a Spanish financial credit institution established on March 6, 1984, by a group of industrialists and professionals from the Principality of Asturias. The company operates in the consumer finance market, providing services for durable consumer goods. UFASA functions as an independent lender, notable for its shareholding structure which does not include any credit institution, bank, or brand. The firm's revenue is generated through its lending activities, which include personal loans, instant credit, and factoring. Their business model focuses on point-of-sale consumer financing.
Headquartered in Oviedo, the company has built a significant market share in Northern Spain. Over the years, UFASA has experienced significant growth, tripling in size between 2020 and 2023. A major milestone occurred in March 2020 when JZ International (JZI) acquired a majority stake, which grew to 99.5% by 2021. This acquisition was intended to facilitate the company's expansion to a nationwide player, implement new digital solutions, and accelerate its business transformation. In May 2021, Financial Services Capital (FSC) also acquired a stake in the JZI-controlled entity. A key strategic move was the acquisition of the financial platform Zank Financial in May 2021, strengthening its position in the fintech space.
UFASA offers a range of financial products to its clients. These include personal loans ranging from €1,000 to €6,000 with repayment terms from 12 to 72 months. The company also issues promissory notes as a form of investment product for individuals and legal entities within its social and economic environment. Its services encompass loans and credit, consumer credit, and financing for commercial transactions. To support its growth, the company secured a significant financing line of €250 million in 2023 from Banco Santander and Société Générale to double its business volume. The company is a full member of the National Association of Financial Credit Institutions (ASNEF).
Keywords: consumer finance, personal loans, point-of-sale financing, credit institution, durable goods financing, factoring, promissory notes, Spanish financial services, independent lender, consumer credit, Oviedo, Asturias, Zank Financial, JZ International, point of sale credit, instant credit, investment products