Spanish personal finance platform Fintonic will offer Unicaja Banco’s consumer loans through its mobile application, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

The app is free and currently has more than half a million users in Spain.

It uses a FinScore index, which evaluates the credit profile of both clients and non-clients, and offers them the possibility of obtaining financing, without the need to carry out any further procedure and from any mobile device.

This partnership is Unicaja’s first with a fintech and aims to formalize the entire flow of contracting the loan from an external platform or marketplace.

Fintonic’s loans have processed credits to more than 15,000 users, with a total volume exceeding €60 million.

Just last summer, BBVA joined Fintonic’s lending offering.

Unicaja is the seventh bank by market capitalization in Spain. It is currently working in the implementation of blockchain solutions, within the Niuron Consortium.

Fintonic demonstrated the alert and inbox system of its mobile banking solution – which helps users promptly respond to their financial needs, recommendations or product proposals – at FinovateSpring 2016. Founded in 2012, the company has raised more than $29 million (€26.2 million) in funding from investors including ING Group, Inception Capital, Ideon Financial Solutions, Onza Capital, and All Iron Ventures.