This is how 2025 has been for BBVA Spark: 1,700 customers, €750 million in bank financing and a firm commitment to Europe

BBVA Spark closes 2025 expanding in Europe and consolidating its position as a strategic partner for innovative, high-growth companies in Latin America and Spain.

BBVA Spark closes 2025 with figures that confirm its solid position in the market: it has exceeded 1,700 customers and channelled more than €750 million in financing, both in working capital and long-term investment. “We don’t just want to be financiers, we want to be catalysts for the entrepreneurial ecosystem,” said Santiago Muguruza, Head of BBVA Spark, during his speech at the latest edition of South Summit.

These results coincide with a particularly vibrant period in the entrepreneurial ecosystem. In Europe, venture capital investment exceeded $33 billion (€30 billion) in the first nine months of 2025, according to Atomico’s ‘The State of European Tech 2025’ report. Meanwhile, in Latin America, venture capital investment is in a phase of equilibrium, with a total investment of $1.8 billion (€1.638 billion) in the first six months of 2025, according to the report ‘2025 Latin American Startup Ecosystem Insights’, prepared by LAVCA.

In this context, BBVA Spark has consolidated its position as a benchmark in the entrepreneurial ecosystem and as a key meeting point for the different players that comprise it. “Over the last three years, we have positioned ourselves as a very important player in connecting entrepreneurs and investors, thus closing the networking circle that is so relevant to the entrepreneurial ecosystem,” explained Miguel Ángel Alcalá, head of BBVA Spark Europe, during the latest BBVA Spark Summit.

Adaptability, collaboration and shared vision are some of the qualities that customers highlight about their experience working with BBVA Spark in 2025: “Working with BBVA gives us the flexibility we need to continue expanding across Europe,” said Niko Karstikko, co-founder and CEO of Bob W, after BBVA’s first operation in Finland. “BBVA Spark offers a new way for banks and start-ups to collaborate, redefining how financial institutions help technology companies scale sustainably,” said Víctor Sánchez, Vice President of Business Development & Board Member at Sesame HR, after signing a €50 million agreement with BBVA Spark, a record transaction in Spain:

Following the announcement of the creation of a new team in London at the end of 2024, BBVA has boosted its presence in Europe to support high-growth companies. In April, it closed its first venture debt deal in the United Kingdom for €17 million with fintech company Plum. This financing has enabled the personal finance start-up to expand its business, optimise the customer experience and broaden its product range. Months later, in July, the German company roadsurfer signed a €25 million venture debt financing agreement with BBVA to accelerate its international growth.

“The collaboration with BBVA is characterised by constructive dialogue and a shared understanding of long-term value creation,” explained Markus Dickhardt, co-founder and CEO of roadsurfer.

The latest milestone in Europe in 2025 came with the announcement of the first growth capital transaction in Finland with Bob W. The agreement comes as the company seeks to consolidate its position as a pan-European leader in the accommodation sector and grow in a responsible and sustainable manner.

“The future in Europe is bright, but we have to work together,” says Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe.

In addition to its expansion in Europe, BBVA has continued to support high-growth companies in Latin America and Spain throughout 2025.

• Exoticca (Spain). Following a €4 million agreement in 2024, the traveltech company secured €25 million in venture debt financing to accelerate its international expansion and boost technological investment.
• Aplazo (Mexico). Fintech company APLAZO.MX secured a new €32.2 million credit line with BBVA Spark to strengthen its ability to offer flexible and transparent financial solutions to a wider audience.
• MytripleA (Spain). The alternative financing platform with working capital solutions for companies signed a €30 million line of credit to boost its growth and develop innovative products for both companies and investors.
• Xepelin (Mexico). The Mexican fintech financed its growth in the country thanks to a €14 million agreement with BBVA Spark with the aim of expanding its capacity to serve small and medium-sized enterprises in the country.
• Addi (Colombia). In July 2025, BBVA Spark supported the fintech’s development by granting it €32 million to expand access to credit for millions of Colombians. Later, in November, it participated in a capital increase including a €13 million revolving credit line to bring its total commitments to Addi to €45 million.

• Finaktiva (Colombia). In this operation, BBVA Spark contributed €9 million to Finaktiva to accelerate the financial inclusion of entrepreneurs and provide new digital solutions that optimise cash flow management.
• PropHero (Spain). The proptech company secured a €2.5 million financing agreement to drive its expansion in Spain, where it plans to double its turnover.
• Tuhabi (Mexico). Tuhabi increased its credit line with BBVA Spark from €17 million to €55 million. The unit reinforced this support aimed at boosting the transformation of the real estate market in Latin America through the startup’s proposal based on data, technology and artificial intelligence.
• Sesame HR (Spain). Sesame HR signed a €50 million agreement with BBVA Spark to accelerate its expansion in Europe and strengthen the company’s position in the field of AI. In addition, the agreement also marked the launch of a novel financial instrument in Europe aimed at supporting technology companies with SaaS business models.
• Clara (Colombia). Clara, a start-up focused on financial services for businesses, obtained €33 million with the aim of boosting its rapidly growing operations in Colombia, where the company has doubled its payment volume year-on-year.
• Aspiria (Mexico). To round off 2025, BBVA Spark signed a €6 million financing line with the Mexican fintech company in December with the aim of expanding its lending capacity and strengthening its operations nationwide.

Success stories like these have also been given a unique platform through BBVA Spark Startup Spotlight and BBVA Spark Business Trip. In Startup Spotlight, Lucía Hojman, Head of Business Development at BBVA Spark in Europe, has spoken with successful entrepreneurs such as Sandra Nolasco from Twinco Capital, Pere Vallès from Exoticca, and Luis Bardají from Trucksters to learn more about their stories and inspire other entrepreneurs looking to scale their businesses. In Latin America, Camilo Betancur, CEO of LA7EM, also spoke with other entrepreneurs such as Sebastián Ruales, co-founder of companies such as Bia and Rappi and partner at Opera; Stefan Möller, CEO of Klar; and Héctor Cárdenas, CEO of Conekta.

BBVA has strengthened its presence at key events in the European entrepreneurial ecosystem, such as Slush in Helsinki,  Bits&Pretzels in Munich, and Saastock in Dublin. It has also been present at other events in the entrepreneurial ecosystem, such as 4YFN, held as part of the Mobile World Congress in Barcelona, and the Energy Tech Summit. Across the Atlantic, LAVCA Week 2025 in New York, Mexico Tech Week 2025 and Latam Tech Forum in Miami were among the many events where the unit connected with the region’s entrepreneurial ecosystem.

In addition, BBVA Spark has organised its own events, such as BBVA Spark Summit 2025, which brought together more than 350 entrepreneurs and investors in Barcelona with the aim of creating a leading community within the entrepreneurial ecosystem and fostering high-value connections. Attendees discussed opportunities for scaling a company in Europe, the keys that an entrepreneur must take into account to withstand times of uncertainty, and the adoption of AI in companies. Through the CFO Network meetings, BBVA Spark has also addressed various topics of interest to financial leaders: tips for attracting funds and lessons for leading the growth of a tech company, skills for improving investor relations and scaling up, and decision-making when transitioning from the early stage to growth.

Finally, BBVA Spark has also demonstrated its role as a key partner in the ecosystem through its collaboration in the development of sector reports such as ‘The Spanish Tech Ecosystem Report’, produced by Dealroom, and its participation in KPMG’s ‘Colombia Tech Report’, which addresses the latest key factors and growth trends in the country’s entrepreneurial and technology market.

In short, 2025 has been a year of growth for BBVA Spark. The unit has strengthened its position in Europe and consolidated its role as a strategic partner in Latin America and Spain. 2026 opens up a new range of opportunities where support for high-growth companies will once again be crucial for the sustainable growth of the entire entrepreneurial ecosystem. Let’s move forward.