SEGO Finance Review 2026

What it is

SEGO Finance (SEGOFINANCE) is a Madrid investment group that began in 2011 as the startup-investing platform SociosInversores. It now runs several lines under one brand: invoice finance (SEGO Factoring, by far the largest), startup investing (SEGO Venture), property loans (SEGO Real Estate), film finance (SEGO Creative) and savings and portfolio products (SEGO Funds). The former invoice platform Emprestamo has been merged into SEGO Factoring, and emprestamo.com now leads to segofinance.com. SEGO Factoring shows more than €460 million financed in more than 20,500 operations (October 2026).

How it works

In SEGO Factoring you buy, from €50, part of an invoice that a Spanish business is owed by another company or a public body, and you are paid when the debtor pays, usually after 30 to 180 days. There are three kinds of operation: insured or guaranteed invoices (6% to 7% a year), uninsured invoices (8% to 11%) and invoices owed by public administrations (8% to 9%). Each operation gets an internal score. Automatic investing is available. Property loans start at €500 and run 12 to 24 months; startup deals are made through a separate company for each startup and last several years.

Returns

SEGO Factoring shows an average return of 7.6% (October 2026). The page gives no date, period or method for this figure, and it is before SEGO's fee of 20% of your profit and before any unpaid invoices; after the fee it comes to about 6.1% a year, calculated from the platform's own figures. The highest advertised rate is 11.5% a year. In June 2025 the chief executive gave the average as 7.2% a year. The bank that distributes the product shows 6.5% before fees and 5.2% after on insured invoices, and 9.5% and 7.5% on public-administration invoices (August 2026). No return figure is published for the startup, property or film lines.

Losses and defaults

SEGO publishes no figure for defaults, late payments, losses or recoveries, and no definition of default, for any of its lines; there is no statistics page. Investors have reported invoices months overdue between 2024 and 2026, including invoices owed by public bodies and insured invoices, and in one case a withdrawal of €4,317 held up for six weeks. These reports cannot be checked against any published data.

What secures your money

In factoring, your money is tied to an invoice the debtor has to pay, and the business that sold the invoice remains liable if it is not paid. Some operations are credit-insured or guaranteed; if such an invoice is unpaid, a claim goes to the insurer after eight weeks, but how much the insurance covers is not stated. Uninsured invoices have no extra protection. SEGO's legal team handles late or disputed invoices and bears the legal costs. There is no buyback, reserve fund or platform guarantee, and no recovery figures are published. Startup investments are shares and are not secured: if the company fails, the money is usually lost. In plain words: an invoice is a short-term claim on a business or public body, and an insurer stands behind only some of them.

Who runs it and its licence

Only part of the group is regulated. SociosInversores 2010, S.L., which runs the startup, property and film lines, is authorised by the Spanish regulator (CNMV) as a crowdfunding service provider under the EU rules, register number 7, since 14 April 2023. SEGO Factoring, the largest line, is offered by Smart and Small SL; it is not covered by the EU crowdfunding rules and is not supervised by the CNMV. SEGO Funds is offered by Fintup Digital S.L. as an agent of MyInvestor Banco and an insurance agent of MEDVIDA Partners. No compensation scheme covers factoring investors. The holding company's auditor is Auren (appointed August 2024).

Fees

In SEGO Factoring you pay 16.53% plus VAT, about 20% in total, of the profit on each collected invoice. The fee is charged on gains only, so the rates shown are before this fee. Costs on the startup line are not published.

Getting your money out

There is no market to sell your investment on any line. In factoring, money comes back when each invoice is paid, usually within months, and can then be withdrawn; late invoices keep it tied up. Property loans run 12 to 24 months, and startup investments only pay out if the company is sold or listed.

Our view

Return: Low — the level rests on the factoring line's 7.6% average before the 20% fee on profits (about 6% after it), without a stated method. Risk: High (higher means more risk) — no default or loss figure is published for any line, investors report late invoices and a delayed withdrawal, and the main factoring line is not supervised. Risk-return: Very Low — a modest return for a high level of risk.