Openbank

Madrid, Spain Financial Services Acquired

Openbank is Banco Santander's digital bank and, since January 2026, the brand for the group's global consumer business. Founded in Spain in 1995 and relaunched as a cloud-native digital platform in 2017, it offers deposits, savings, mortgages, loans and investment products alongside auto and consumer finance. In May 2026 Santander Consumer Finance absorbed the original Open Bank, S.A. and took its name, uniting both under the Openbank brand. It operates in 26 countries across Europe and the Americas, including Spain, Germany, the Netherlands, the US and Mexico, with EUR 220bn of loans and EUR 136bn of deposits at mid-2026.

Acquired

Openbank has been acquired

Acquired by Banco Santander 1995

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

1995

Employees

1,400+

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
M&A Recent 2026-05-12

Merged with Santander Consumer Finance; SCF renamed itself Open Bank, S.A., absorbing the original Openbank entity.

No independent secondary-market relevance; wholly-owned Santander subsidiary, no change of ultimate control.

Leadership

  • Nitin Prabhu

    Senior Executive Vice President, Global Head of Openbank

  • Petri Nikkilä

    CEO

  • Ana María Llopis

    Founder

  • Alejandro Guillé Laris

    Chief Financial Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Revolut

    Europe's largest neobank offering multi-currency accounts, digital cards, transfers, and investment services across Europe

  • N26

    European digital bank with banking license, offering deposit protection up to €100,000 through German Deposit Guarantee Scheme

  • ING

    Traditional Spanish bank with digital offerings competing in the Spanish market

  • BBVA

    Major Spanish financial institution with digital banking services

  • Bankinter

    Spanish digital-first bank competing in the Spanish market

  • Banco Sabadell

    Spanish bank with digital banking capabilities in the Spanish market

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Data collected with AI, which can make mistakes. Please double-check this information.