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Coinscrap Finance

AI-powered transaction intelligence platform for banks and insurers

Data & Analytics Growth Seed
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Overview

Coinscrap Finance is a data and analytics platform for banks and insurance companies, built on AI-powered transaction categorization. The platform ingests open banking and PSD2 transaction feeds, categorizes them with over 96% accuracy using machine learning, and surfaces personalized financial product recommendations to the institutions' customers through white-label digital channels.

The core platform is delivered as modular SaaS (also available on-premise or hybrid), organized around a suite of functional modules collectively branded COCO. These modules cover transaction enrichment, financial insights, automated savings tools, loyalty programs, insurance product discovery, ESG carbon tracking, and credit risk scoring. Financial institutions embed these capabilities in their existing mobile or web apps via API, with no customer-facing rebranding required.

Founded in Ourense, Spain and now headquartered in Pontevedra, Coinscrap Finance pivoted from a B2C savings app to a B2B platform in 2018. As of 2025 the company serves more than 15 financial institutions across Spain and Latin America -- including Santander, Bankinter, MAPFRE, Allianz, Generali, Zurich, Unicaja, and ABANCA -- with over 4 million end customers using Coinscrap-powered products. The company reported 60% revenue growth in 2023, approaching EUR 1M ARR, and holds ISO 27001 certification along with Great Place to Work recognition.

Products & Services

COCO {Categorization}

Processes raw banking transaction data from Open Banking and PSD2 feeds and classifies each transaction with over 96% accuracy using ML models. Provides financial institutions with enriched, structured data as the foundation for all other COCO modules.

Key Features

  • Machine learning categorization engine with 96%+ accuracy
  • Open Banking and PSD2 integration
  • Merchant enrichment and spending context tagging

Target Users: Banks, digital banks, insurance groups with bancassurance operations

COCO {Enrichment}

Augments categorized transaction records with merchant data, behavioral signals, and spending context to give institutions a richer view of customer financial patterns.

Key Features

  • Merchant identification and metadata
  • Behavioral signal extraction
  • Customer financial pattern mapping

Target Users: Banks and insurers building customer intelligence layers

COCO {Insights}

Delivers AI-generated, personalized financial recommendations to end customers through the institution's digital channels. Uses categorized transaction history to surface timely product suggestions and financial guidance.

Key Features

  • Personalized product recommendation engine
  • In-app notification and messaging integration
  • Behavioral economics-based recommendation logic

Target Users: Retail banks and bancassurers

COCO {Auto-savings}

Automates micro-savings behavior through rules-based round-ups, scheduled contributions, and group savings management. Powers savings products at Santander (EUR 161M saved automatically), Unicaja (4 million customers), and Ibercaja/Pensumo (retirement savings via consumption).

Key Features

  • Round-up and rule-based automatic savings
  • Group savings and shared goals management
  • Retirement savings integration

Target Users: Retail banks seeking digital savings products

COCO {Loyalty}

Analyzes customer shopping habits to build cashback and rewards programs. Enables banks to create new revenue streams through retailer partnerships and improve customer retention.

Key Features

  • Purchase pattern analysis for retailer targeting
  • Cashback and rewards program management
  • Revenue-share model with partner retailers

Target Users: Retail banks

COCO {Insurance}

Identifies insurance sales opportunities by analyzing transaction data for life events, spending patterns, and risk signals. Enables insurers and bancassurers to present hyper-personalized insurance product recommendations at the right moment in the customer journey.

Key Features

  • Life event and risk signal detection from transactions
  • Insurance product recommendation engine
  • Timing and channel optimization for upsell

Target Users: Insurance carriers, bancassurers, insurance groups

COCO {CO2}

Tracks the carbon footprint of customer transactions and supports financial institutions in offering green financial products and meeting ESG obligations. Certified by TUV Rheinland in May 2024 against ISO 14064 and GHG Protocol standards.

Key Features

  • Per-transaction carbon footprint calculation
  • ESG product design support for institutions
  • TUV Rheinland certification (ISO 14064, GHG Protocol)

Target Users: Banks and insurers with ESG mandates

COCO {Risk}

Builds lending decision models from open banking transaction histories. Enables institutions to assess creditworthiness and lending risk without relying solely on traditional credit bureau data.

Key Features

  • Transaction-based credit risk scoring
  • Open banking data integration for underwriting
  • Configurable decision engine

Target Users: Banks, neobanks, lenders

Smart Assistant

A conversational AI interface enabling customers to query and understand their financial data via natural language. Allows financial institutions to engage customers through intelligent dialogue embedded in digital channels.

Key Features

  • Natural language transaction querying
  • Customer engagement through AI conversation
  • Embeddable in existing mobile and web apps

Target Users: Banks and digital financial services providers

At a Glance

Founded
2016
Headquarters
Pontevedra, Spain
Employees
11-50
Funding
Seed

Category & Focus

Category
Data & Analytics
Subcategories
Transaction enrichment behavioral analytics personalized product recommendations ESG carbon tracking
Insurance Verticals
Life & Annuity P&C Personal P&C Commercial Health
Target Customers
Carriers, Brokers

Customers

  • Santander -- automatic savings tool (EUR 161M saved by customers)
  • ABANCA
  • MAPFRE
  • Allianz
  • EVO Banco
  • Bankinter
  • Unicaja -- digital savings product serving 4 million customers
  • B100 (The Healthy Banking) -- neobank launched February 2024
  • Caser
  • Creand
  • Generali
  • Mutua Enginyers
  • Nationale Nederlanden
  • Ibercaja -- Pensumo retirement savings co-development
  • Zurich

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Last updated: 2026-06-13