Wenalyze
Founded 2018 · 18 employees on LinkedIn · 4 known investors
Wenalyze provides an open banking API that enriches and categorizes payment transaction data for banks and fintech companies, helping them identify financial product opportunities, detect recurring payments, verify merchants, and improve customer experience. It also offers Sync, a corporate expense management platform that captures payments in real time and settles employee expenses immediately.
Also known as Sync by Wenalyze · Wenalyze Sync
Investors · 4
Also in the syndicate · 2
Company profile
researched Aug 2026Wenalyze is a Spanish SaaS fintech company that applies data enrichment and machine learning to payment transaction data. Its open banking API products enrich and categorize bank transactions to support four use cases: cross-selling, where behavioural signals in payment data identify needs for loans, mortgages, insurance and investments; account and portfolio switching automation, where recurring transactions and direct debits are detected and merchants verified to speed customer onboarding; user experience improvement, where categorized transactions and merchant detail support financial-wellness insights and reduce chargebacks and disputes; and monetization of open banking integrations, turning fragmented third-party bank data into identifiable products, direct debits and customer behaviours.
The company's current lead product is Sync, a corporate expense management platform. Sync captures corporate and personal card spending in real time from any bank or card, verifies and categorizes the exact merchant, uses the verified transaction data itself as proof instead of receipts, reconciles the expense automatically and settles supplemented employee expenses immediately. It is targeted at companies whose spending occurs outside the office, across operations and maintenance, health and pharmaceuticals, consulting and IT, construction, and logistics and transport.
Earlier public coverage described Wenalyze as a big data analytics platform for banks and insurance companies, used to optimize underwriting, discover sales opportunities and improve risk control for SME commercial lines by automatically collecting information for risk assessment.
Founding story
The founding team had worked together since 2010 on data-driven initiatives for the financial and insurance sector, including digital tools for insurers and innovation think tanks, which led to the launch of Wenalyze in 2018 as a SaaS company focused on financial data. Co-founders include Carlos Albo Portero (CEO), previously at Nokia and Cellnex and co-founder of Exponent and AIMFRI; David Delgado Marqués (CFO), an auditor with experience at Arthur Andersen and Deloitte; and Vicent Sebastiá Blanco (CTO), a software engineer focused on infrastructure and artificial intelligence.
Business model
SaaS. Wenalyze sells API-based transaction data enrichment products to banks and fintech companies and a standalone corporate expense management platform, Sync, to companies.
Software-as-a-service products sold to financial institutions and corporate customers; the sources do not detail pricing.
Traction
Wenalyze cites market statistics rather than customer counts on its site: 89% of mid-market companies lack real-time visibility of corporate spending, an average €48K annual cost of manual financial administration for a company with 50 expense users, and 1,300 hours lost per year on receipt chasing, month-end closes and manual reconciliation.
Latest developments
The company's public messaging now leads with Sync, its corporate expense management platform, with blog posts through 2025 and 2026 on corporate expense management in Europe and AI in expense processing, including a post referencing feedback from European companies in Paris. A Comunidad de Madrid 2025 programme supports development of an AI-based platform for companies to manage, control and analyze corporate expenses.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Wenalyze states a mission to become a fintech reference in the UK and Europe in corporate expense management, moving from expense reporting toward real-time operational finance.
Sync works with any bank and any corporate or personal card without requiring companies to switch cards or change employee behaviour, replaces receipt scanning with verified transaction data as proof, and settles employee expenses immediately rather than at month-end.
Technology
Open banking APIs and transaction data enrichment using machine learning and AI, including merchant verification, categorization, recurring payment and direct debit detection, and duplicate/fraud filtering. The company has also described work on AI micro-robots that analyze and interpret transactions within financial data enrichment processes.
Go-to-market
Direct sales and demo requests through the website, with an invite-based onboarding for Sync, complemented by API documentation for integrators. Internationalization has been supported through the ICEX NEXT programme and ERDF co-financing under an International Expansion Plan 2020-2024, and the company has participated in European and regional innovation programmes including Infinitech H2020, Innowwide, IVACE Asesora, Activa Startups and Comunidad de Madrid grants.
Banks, fintech companies and insurers for the data enrichment and open banking products; mid-market companies with distributed teams and field-based spending for Sync, in sectors such as operations and maintenance, health and pharmaceuticals, consulting and IT, construction, and logistics and transport.
Geography
Headquartered in Valencia, Spain (Álvaro de Bazán 10, GoHub), with a London office at 125 Old Broad Street. Stated market focus is the UK and Europe; one report describes the company as Madrid-based.
History
Wenalyze was launched in 2018. One press report describes it as founded in 2018 by CEO Carlos Albo and Roger Ferrandis, initially offering a big data analytics platform for banks and insurers focused on SME underwriting and risk control. In March 2022 the company announced a €1.7 million ($1.9M) seed round led by Athos Capital with Bankinter Innovation Foundation, astorya.vc and GoHub. The product line subsequently centred on open banking transaction enrichment APIs for banks and, more recently, the Sync corporate expense management platform.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsWenalyze positions Sync, a standalone corporate expense management platform that captures expenses from real payment transactions, verifies and categorizes merchants, reconciles automatically and settles employee expenses immediately, as its lead product.
Wenalyze announced a €1.7 million ($1.9M) seed funding round raised from Spanish investors, led by Athos Capital, with participation from Bankinter via the Bankinter Innovation Foundation venture capital programme, astorya.vc and GoHub, the corporate venturing fund of Global Omnium.
$1.9M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Wenalyzewenalyze.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Wenalyze do?
- Spanish fintech offering transaction-data enrichment APIs for banks and Sync, a real-time corporate expense management platform.
- Who are Wenalyze's investors?
- Wenalyze's investors include Athos Capital, GoHub Ventures.