COFIDES has granted Alter5 a €300,000 loan from FONPYME to set up a commercial subsidiary in London.
- The subsidiary will drive the raising of international investors in the UK market.
- Alter5 will diversify its institutional investor base and strengthen financing for its project portfolio.
Madrid, 26 October 2026. COFIDES is supporting the London launch of Alter5, the Spanish fintech that applies artificial intelligence to financing SMEs and energy transition projects. To that end, it has granted a €300,000 loan from the Fund for Foreign Investment Operations of Small and Medium-sized Enterprises (FONPYME).
The financing will allow Alter5 to set up a commercial subsidiary in London, from which it will step up the raising of international investors in the UK market. Alter5 will thereby diversify its institutional investor base and gain a local platform that strengthens financing for its project portfolio.
Alter5 channels capital to SMEs and to developers of mid-sized energy transition projects, a segment with specific financing needs and a need for access to specialised investors. The company has experience in this market and maintains relationships with international institutional investors.
“London is home to a substantial share of the institutional capital that invests in European private markets. Our platform uses artificial intelligence to originate each deal and present it to investors, and the subsidiary brings us closer to them and multiplies our reach”
About Alter5
Alter5 is a platform that uses artificial intelligence to digitise the origination, structuring and distribution of alternative financing and investment for companies and projects. The platform channels capital from banks, debt funds, insurers, asset managers, pension funds and family offices to companies and developers, through faster and more efficient processes. Headquartered in Madrid, it works with institutional investors across Europe.
About COFIDES
COFIDES is a Spanish state-owned company that manages the State's financial funds, as well as its own resources and those of third-party institutions, with several aims: the internationalisation of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting the impact economy in Spain and contributing to the development of the countries in which it invests. Alongside the State, which holds a majority stake, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Development Bank of Latin America.