WiZink mueve su sede en Madrid y traslada a 480 empleados

WiZink has moved its headquarters in Madrid, relocating 480 employees to a new location. The bank digital has left the residential building in Arturo Soria, where it had stayed for nearly ten years, as it has been converted into luxury apartments by its owner, the Ibervalles society. The latter is owned by the Vallisoletan family of Isidro Rincón, who sold their Europac paper mill to a venture capital fund a few years ago.

In the Ulises street building, WiZink had occupied three floors, but it could reduce the required space thanks to remote work, thereby cutting costs. The entity has moved to a property near Ifema. WiZink will remain in a rental agreement. The move coincides with the relocation of WiZink's contact center, which was in Zaragoza for years.

The digital bank sold its contract with Zelenza Cex to Marktel Servicos Globais, a company based in Portugal, near Badajoz. Despite being an Spanish bank, half of WiZink's credit business is in Portugal, totaling 2,600 million euros. Unlike in Spain, Portugal does not capture deposits and finances its activity in the capital markets.

WiZink's main competitor is Universo, a consumer finance company launched by Sonae, a major distribution company in the country, owner of Continente and Worten supermarkets. Bankinter holds 50% of WiZink's capital since 2023. Vrde Partners, the first shareholder of WiZink, is currently negotiating with Unicaja to transfer some businesses.

The talks were confirmed in spring by the Malaga bank. Vrde and the other shareholders will keep the revolving credit and card business in Portugal, where WiZink leads. Unicaja and the other shareholders would remain with the loan portfolios pending in courts for abusive interest rates. This operation is complex, potentially involving the creation of a good and a bad bank supervised by the Bank of Spain. Legal costs are a major obstacle to this transaction.