# ALLFUNDS GROUP

Summary updated: 2026-10-04T15:31:16.312023Z
Canonical: https://finbar.com/research/companies/allfunds-group

## Overview

Allfunds Group is a global business-to-business wealth technology and fund-distribution platform, connecting fund distributors—including banks, insurers and wealth managers—with fund providers. Its services support fund distribution, dealing and execution, with access to mutual funds, ETFs and alternative investments, alongside technology and other value-added services. The company states its purpose is “to transform the WealthTech industry.” [1](https://app.finbar.com/go?id=P7122171)[2](https://app.finbar.com/go?id=P39608768)[3](https://app.finbar.com/go?id=P113264368)[4](https://allfunds.com/en/careers/)

Allfunds operates across 66 countries, connecting more than 3,400 fund partners with over 930 distributors. It reported 1,109 employees as of 30 July 2026. [5](https://app.finbar.com/go?id=P111403890)[6](https://allfunds.com/en/investors/about/) For FY2025, its preliminary results reported net revenue of €621.9 million and year-end assets under administration of €1,760.4 billion. [7](https://app.finbar.com/go?id=T6154284)[8](https://app.finbar.com/go?id=T5190239)
[1](https://app.finbar.com/go?id=P7122171)[2](https://app.finbar.com/go?id=P39608768)[3](https://app.finbar.com/go?id=P113264368)[5](https://app.finbar.com/go?id=P111403890)[7](https://app.finbar.com/go?id=T6154284)[8](https://app.finbar.com/go?id=T5190239)[4](https://allfunds.com/en/careers/)[6](https://allfunds.com/en/investors/about/)

## Products & services

Allfunds’ platform supports fund distribution and dealing across mutual funds, ETFs and alternative investments, alongside value-added services. Orders can be submitted through straight-through processing using SWIFT, FIX or file connectivity; the company reports that 99.9% of orders are processed automatically without manual intervention or errors. [1](https://app.finbar.com/go?id=P7122171)[2](https://app.finbar.com/go?id=P39608768)[9](https://app.finbar.com/go?id=T41980)

Named services include **Allfunds Navigator**, a data-analytics tool that uses real-time data and AI-powered insights to identify fund-distribution opportunities; **ESGeverything**, which provides ESG ratings and data, exclusion and controversy monitoring, portfolio analysis and automated reporting; and **Sustainability Navigator**, which supports sustainable portfolio construction, analysis and reporting, including for SFDR Article 8 and 9 requirements. [10](https://allfunds.com/en/allfunds-data-analytics/)[11](https://allfunds.com/en/products/esg/pai)[12](https://allfunds.com/en/esg/sustainability-navigator/) Other offerings include regulatory-reporting support for documents such as PRIIPs KIDs, EMT, EPT and EET, and a digital due-diligence portal with information workflows, audit trails and regulatory-compliant reports. Allfunds Connect is presented as an integrated platform/dashboard, with fund-house services including AML/KYC resources, fund registration and representation, and regulatory reporting. [13](https://allfunds.com/en/products/regulatory-reporting/)[14](https://allfunds.com/en/products/due-diligence-portal/)[15](https://allfunds.com/en/fund-houses/)[16](https://allfunds.com/en/distributors/)

For FY2025, reported revenue was €621.9 million: €572.5 million from net platform revenue and €49.4 million from net subscription revenue—approximately 92% and 8%, respectively. Net platform revenue comprised €374.4 million in commission, €120.3 million in transaction revenue and €77.8 million in net treasury income. These are revenue categories, not revenue allocations to individual named products; the reported materials do not disclose product-specific revenue shares. [17](https://app.finbar.com/go?id=T4034786) In Q1 2026, net platform revenue was €157.8 million, including €103.2 million in commission, €33.5 million in transaction revenue and €21.0 million in net treasury income; value-added-services revenue was €13.1 million. [18](https://app.finbar.com/go?id=T4622361)
[1](https://app.finbar.com/go?id=P7122171)[2](https://app.finbar.com/go?id=P39608768)[9](https://app.finbar.com/go?id=T41980)[17](https://app.finbar.com/go?id=T4034786)[18](https://app.finbar.com/go?id=T4622361)[10](https://allfunds.com/en/allfunds-data-analytics/)[11](https://allfunds.com/en/products/esg/pai)[12](https://allfunds.com/en/esg/sustainability-navigator/)[13](https://allfunds.com/en/products/regulatory-reporting/)[14](https://allfunds.com/en/products/due-diligence-portal/)[15](https://allfunds.com/en/fund-houses/)[16](https://allfunds.com/en/distributors/)

## Geographic presence

As of July 2026, Allfunds reported 17 local offices and a distributor network spanning 66 countries. The distributor footprint indicates market reach, not that Allfunds has an office or subsidiary in each country. [16](https://allfunds.com/en/distributors/)[19](https://allfunds.com/en/)

The company’s 2025 group-structure disclosure lists branches in the UK, Italy, Luxembourg, Switzerland, Singapore, Sweden, France and Poland; representative offices in Colombia, Chile and the US; and subsidiaries in Spain, Brazil, Hong Kong, France, Germany, Sweden, Switzerland, Luxembourg, China, the UAE and the UK. [20](https://app.finbar.com/go?id=T10647030) Allfunds also described Europe as an established market and Asia and the Americas as expansion regions; Asia and Latin America together represented 25% of migrations in 2025, a migration measure rather than a revenue share. [21](https://app.finbar.com/go?id=P11944589)

The 2025 reporting gives employee nationalities and countries of origin, but not a distribution by employee work location: Spain accounted for 52.4% of employees by country of origin, Italy 13.5%, Poland 11.1%, the rest of Europe 7.5%, the UK 5.0%, Asia 4.3%, the Americas 3.1%, France 2.5% and Africa 0.6%. The report also states 1,149 employees and 54 nationalities. [22](https://app.finbar.com/go?id=P83106827)[23](https://app.finbar.com/go?id=P68902475) A country- or region-level revenue breakdown was not identified in the reviewed reporting.
[20](https://app.finbar.com/go?id=T10647030)[21](https://app.finbar.com/go?id=P11944589)[22](https://app.finbar.com/go?id=P83106827)[23](https://app.finbar.com/go?id=P68902475)[16](https://allfunds.com/en/distributors/)[19](https://allfunds.com/en/)

## Business segments

Allfunds reports two service-based business segments. In the year ended 31 December 2025, **Net platform revenue**—generated from asset-based fees linked to fund assets, transaction fees, and treasury income—contributed approximately **92.1%** of total net revenue. **Net subscription and other revenues**, covering subscriptions and services such as Allfunds Connect, digital solutions and data analytics, fund research and investment services, and legal and compliance services, contributed approximately **7.9%**. Shares are calculated from the reported segment net revenues and total net revenue. [24](https://app.finbar.com/go?id=P104612303)[25](https://app.finbar.com/go?id=P71767874)[26](https://app.finbar.com/go?id=P52065381)[27](https://app.finbar.com/go?id=P107408623)[28](https://app.finbar.com/go?id=P86925489)[29](https://app.finbar.com/go?id=T7795737)

The 1Q 2026 trading update used the labels **Net Platform** and **Value added services (VAS)**: these represented approximately **92.3%** and **7.7%** of the quarter’s total net revenue, respectively. The update’s labels are not the formal segment names used in the 2025 annual report. [18](https://app.finbar.com/go?id=T4622361)[30](https://app.finbar.com/go?id=P1434475)
[24](https://app.finbar.com/go?id=P104612303)[25](https://app.finbar.com/go?id=P71767874)[26](https://app.finbar.com/go?id=P52065381)[27](https://app.finbar.com/go?id=P107408623)[28](https://app.finbar.com/go?id=P86925489)[29](https://app.finbar.com/go?id=T7795737)[29](https://app.finbar.com/go?id=T7795737)[29](https://app.finbar.com/go?id=T7795737)[18](https://app.finbar.com/go?id=T4622361)[18](https://app.finbar.com/go?id=T4622361)[18](https://app.finbar.com/go?id=T4622361)[30](https://app.finbar.com/go?id=P1434475)

## Company history

Allfunds began in 2000 as a Banco Santander business unit, founded by Juan Alcaraz. It expanded internationally from 2003 and opened in Luxembourg in 2007; in 2004, Intesa Sanpaolo acquired a 50% stake in the business. [31](https://allfunds.com/en/about/history/)[32](https://imi.intesasanpaolo.com/en/insights/side-by-side/allfunds_en/)

In 2017, Hellman & Friedman and GIC acquired Allfunds from its previous owners. The company became publicly listed on Euronext Amsterdam in April 2021. In 2022 it expanded through the acquisition of Web Financial Group and an agreement to acquire a majority stake in MainStreet Partners; the MainStreet acquisition was completed in 2023. In 2025, founder Juan Alcaraz stepped down as CEO and Annabel Spring succeeded him. [33](https://hf.com/hellman-friedman-gic-acquire-allfunds-bank/)[34](https://allfunds.com/en/investors/financial/ipo/)[35](https://allfunds.com/en/blog/2022/05/31/closing-acquisition-of-web-financial-group/)[36](https://allfunds.com/en/blog/2022/07/29/1h-2022-interim-results/)[37](https://allfunds.com/en/blog/2023/28/02/FY-2022-Preliminary-results-clsoing-mainstreet-partners/)[38](https://app.finbar.com/go?id=P20024630)[39](https://allfunds.com/en/blog/2025/06/10/Leadership_update/)
[38](https://app.finbar.com/go?id=P20024630)[31](https://allfunds.com/en/about/history/)[32](https://imi.intesasanpaolo.com/en/insights/side-by-side/allfunds_en/)[33](https://hf.com/hellman-friedman-gic-acquire-allfunds-bank/)[34](https://allfunds.com/en/investors/financial/ipo/)[35](https://allfunds.com/en/blog/2022/05/31/closing-acquisition-of-web-financial-group/)[36](https://allfunds.com/en/blog/2022/07/29/1h-2022-interim-results/)[37](https://allfunds.com/en/blog/2023/28/02/FY-2022-Preliminary-results-clsoing-mainstreet-partners/)[39](https://allfunds.com/en/blog/2025/06/10/Leadership_update/)

## Sources

1. [ALLFUNDS GROUP — Full financial report (2025 Y), p10](https://app.finbar.com/go?id=P7122171)
2. [ALLFUNDS GROUP — Full financial report (2025 Y), p7](https://app.finbar.com/go?id=P39608768)
3. [ALLFUNDS GROUP — Full financial report (2025 Y), p7](https://app.finbar.com/go?id=P113264368)
4. [allfunds.com](https://allfunds.com/en/careers/)
5. [ALLFUNDS GROUP — Full financial report (2025 Y), p7](https://app.finbar.com/go?id=P111403890)
6. [allfunds.com](https://allfunds.com/en/investors/about/)
7. [ALLFUNDS GROUP — Partial financial report (2025 Y), p3](https://app.finbar.com/go?id=T6154284)
8. [ALLFUNDS GROUP — Partial financial report (2025 Y), p2](https://app.finbar.com/go?id=T5190239)
9. [ALLFUNDS GROUP — Full financial report (2025 Y), p18](https://app.finbar.com/go?id=T41980)
10. [allfunds.com](https://allfunds.com/en/allfunds-data-analytics/)
11. [allfunds.com](https://allfunds.com/en/products/esg/pai)
12. [allfunds.com](https://allfunds.com/en/esg/sustainability-navigator/)
13. [allfunds.com](https://allfunds.com/en/products/regulatory-reporting/)
14. [allfunds.com](https://allfunds.com/en/products/due-diligence-portal/)
15. [allfunds.com](https://allfunds.com/en/fund-houses/)
16. [allfunds.com](https://allfunds.com/en/distributors/)
17. [ALLFUNDS GROUP — Partial financial report (2025 Y), p9](https://app.finbar.com/go?id=T4034786)
18. [ALLFUNDS GROUP — Partial financial report (2026 Q 1), p3](https://app.finbar.com/go?id=T4622361)
19. [allfunds.com](https://allfunds.com/en/)
20. [ALLFUNDS GROUP — Full financial report (2025 Y), p196](https://app.finbar.com/go?id=T10647030)
21. [ALLFUNDS GROUP — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P11944589)
22. [ALLFUNDS GROUP — Full financial report (2025 Y), p45](https://app.finbar.com/go?id=P83106827)
23. [ALLFUNDS GROUP — Full financial report (2025 Y), p6](https://app.finbar.com/go?id=P68902475)
24. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P104612303)
25. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P71767874)
26. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P52065381)
27. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P107408623)
28. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P86925489)
29. [ALLFUNDS GROUP — Full financial report (2025 Y), p141](https://app.finbar.com/go?id=T7795737)
30. [ALLFUNDS GROUP — Full financial report (2025 Y), p140](https://app.finbar.com/go?id=P1434475)
31. [allfunds.com](https://allfunds.com/en/about/history/)
32. [imi.intesasanpaolo.com](https://imi.intesasanpaolo.com/en/insights/side-by-side/allfunds_en/)
33. [hf.com](https://hf.com/hellman-friedman-gic-acquire-allfunds-bank/)
34. [allfunds.com](https://allfunds.com/en/investors/financial/ipo/)
35. [allfunds.com](https://allfunds.com/en/blog/2022/05/31/closing-acquisition-of-web-financial-group/)
36. [allfunds.com](https://allfunds.com/en/blog/2022/07/29/1h-2022-interim-results/)
37. [allfunds.com](https://allfunds.com/en/blog/2023/28/02/FY-2022-Preliminary-results-clsoing-mainstreet-partners/)
38. [ALLFUNDS GROUP — Full financial report (2025 Y), p101](https://app.finbar.com/go?id=P20024630)
39. [allfunds.com](https://allfunds.com/en/blog/2025/06/10/Leadership_update/)

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