Indexa Capital Group, parent company of Indexa Capital Agencia de Valores, Indexa Caravel, and Bewater Asset Management SGEIC, closed last year with €6.6 million in revenue and €760,000 in profits. Listed on the BME Growth market, the company generates 97% of its revenue through its securities agency. This agency ranks eighth among the largest Spanish entities in terms of portfolio management. The volume of assets under management or advisement grew by 51% in 2024, reaching €3.033 billion.
In December 2024, Indexa Capital Group recorded a record-breaking month of net capital inflows, surpassing €100 million for the first time.
In terms of customer numbers, the company closed the year with 96,000 (+39%) and last month exceeded the 100,000 mark, with an average investment of €31,100.
Indexa specializes in diversified, low-cost investment fund portfolios. The customer gives a mandate to their securities agency to build that portfolio, with products from BlackRock, Vanguard, Amundi, etc., and to rebalance it to maintain the agreed asset allocation.
The company, which was founded by François Derbaix, Unai Ansejo, and Ramón Blanco, also markets investment funds, pension plans, simplified plans for the self-employed, and life insurance.
At the press conference, Derbaix explained that they are “very satisfied with the results obtained” and confident they will continue to grow organically, relying on word of mouth — “how most of our customers come to us” — and the $1.8 million they invest in advertising and marketing.
From the start of its activity in 2015 to December 2024, the cumulative return on Indexa’s average portfolio is 90%, equivalent to an annualized return of 7.4%. This figure far exceeds the average return of comparable investment funds in Spain during the same period.
The group owns Bewater Asset Management SGEIC, an investment fund manager for unlisted companies with €19 million in assets under management, as well as a subsidiary in France called Indexa Caravel.