# Sabadell Innovation Cells, S.L.U.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sabadell-innovation-cells-s-l-u

- Industry: Financial Services
- Headquarters: Barcelona, Spain
- Website: www.getmitto.com
- Total disclosed funding: $2.2M
- Latest round: Seed (Sep 16, 2019)
- Investors on record: 2

## About

Sabadell Innovation Cells, S.L.U. specializes in the development of innovative financial solutions through digital platforms, focusing on enhancing banking services for users globally.Founded in 2019, Sabadell Innovation Cells operates in Barcelona, Spain, and focuses on creating digital banking solutions. The company has not undergone any notable pivots or changes in business operations. It has secured a total of EUR 2.00 mn through its SEED funding round in June 2022, with investment from Athos Capital and InnoCells, raising the total amount to EUR 2.00 mn. The company has participated in 2 deals and was acquired by Talenom Oy in June 2022.Sabadell Innovation Cells operates as a comprehensive platform for neobanks, offering a wide array of digital banking services via mobile applications and web interfaces. Their core offerings include payment processing, savings accounts, and investment services, focusing on improving financial management for users. The platform connects users with neobanks worldwide, catering to various customer segments including individuals and businesses, thus facilitating access to modern banking solutions.Sabadell Innovation Cells generates revenue through affiliate partnerships with numerous payment service providers featured on its platform. This model allows the company to earn commissions by directing users to neobanks and financial service providers, enhancing the user experience while supporting successful conversions.The company plans to utilize its latest funding round to enhance its product offerings and expand its market reach. Specific upcoming products are currently in development, aiming for release in late 2023. Additionally, Sabadell Innovation Cells targets expansion into the European and North American markets by mid-2024, leveraging its recent acquisition by Talenom Oy as a strategic advantage for growth.

## Funding rounds

- Seed, Sep 16, 2019, $2.2M — Athos Capital, InnoCells

## Investors

- Athos Capital (https://capitalatlas.ai/funds/athos-capital) — Seed
- InnoCells (https://capitalatlas.ai/funds/innocells) — Seed