Wenalyze

Open data analytics and client data enrichment for commercial insurers and banks

Underwriting & Risk Startup Seed

Overview

Wenalyze is a data enrichment and open data analytics platform for commercial insurers and banks, focused on SME client data validation and financial transaction intelligence. The company was founded in 2018 in Valencia, Spain, by a team with over a decade of experience in data-driven financial services.

The platform aggregates open data sources to automatically validate, update, and enrich business client records held by insurers and banks. It addresses a widespread data quality problem: a significant share of SME client data at financial institutions is inaccurate, outdated, or incomplete. By automating data enrichment, Wenalyze enables insurers to build accurate risk profiles and underwrite SME clients without relying on lengthy client-filled questionnaires.

Wenalyze serves over 25 large financial institutions across Europe, with customers including CaixaBank, Deutsche Bank, Bankinter, Mapfre, and Zurich Insurance. The company raised a EUR 1.7M seed round in 2022 from Athos Capital, Bankinter, astorya.vc, and GoHub Ventures, followed by a further investment in 2024. It participates in the EU Horizon 2020 Infinitech programme and was nominated for the InsurTech NY spring competition in 2025.

Products & Services

Open Data Analytics Platform

Aggregates third-party open data sources to validate, update, and enrich commercial insurance client records. Enables insurers to maintain accurate SME risk profiles and streamline underwriting without requiring clients to fill in complex forms.

Key Features

Automated validation and refresh of business client data
SME activity classification supporting accurate policy configuration
Hit rates approaching 100% for business activity matching
Supports annual sales increases of EUR 3-5 million for large insurers

Target Users: Commercial insurers, MGA underwriters

Transaction Data Enrichment API

Cleans, categorizes, and enriches raw financial transaction data in real time. Returns merchant intelligence for each transaction, including categorization, GPS location, and social media profiles.

Key Features

Real-time transaction enrichment
Merchant verification and category classification
Returns logos, contact details, GPS coordinates, Google Place IDs, e-commerce status
Integration with open banking and payment gateway ecosystems

Target Users: Banks, commercial insurers with payment or card data

Wenalyze Sync

Expense management and transaction enrichment platform for corporate card programs. Captures transaction data automatically and eliminates manual receipt collection.

Key Features

Real-time transaction capture from any payment card
Automated merchant verification and categorization
Automated reconciliation without manual receipt submission
Merchant enrichment including logos, URLs, and social profiles

Target Users: Corporate treasury and finance teams, banks offering card programs

Cross-Selling Intelligence

Identifies product cross-sell opportunities by analyzing customer spending patterns and transaction behavior. Surfaces relevant offers at the point of transaction.

Key Features

Pattern detection from historical transaction data
Propensity scoring for financial product offers
Integration with bank and insurer CRM workflows

Target Users: Banks, insurers with retail or commercial customer bases

Account & Portfolio Analytics

Provides aggregated insights into customer account composition and portfolio dynamics to support proactive client management and risk monitoring.

Key Features

Portfolio segmentation by business activity and spend category
Account-level trend analysis
Supports portfolio review and renewal workflows

Target Users: Commercial underwriters, relationship managers

At a Glance

Founded: 2018
Headquarters: Valencia, Spain
Employees: 11-50
Funding: Seed

Category & Focus

Category: Underwriting & Risk
Subcategories: Data Enrichment Risk Scoring Open Data Analytics Transaction Enrichment
Insurance Verticals: P&C Commercial Specialty/E&S
Target Customers: Carriers, MGAs/MGUs