ANALISTAS FINANCIEROS INTERNACIONALES SA

Their core work

AFI is a Madrid-based financial advisory and consulting firm specializing in economic analysis, risk modeling, and financial structuring. In the EU research context, they bring expertise in designing investment financing schemes for energy efficiency, de-risking mechanisms for building renovation, and financial instruments that unlock private capital for public-interest goals. Their core value lies in bridging the gap between technical energy solutions and the financial markets that must fund them.

What they specialise in

How they've shifted over time

AFI's early H2020 work (2015–2017) split between foundational financial risk mathematics (WAKEUPCALL) and broad innovation ecosystem support through cross-sector clusters and SME collaboration (ACTTiVAte). From 2018 onward, they sharpened their focus decisively toward energy efficiency financing — designing investment schemes, guarantees funds, and standardized financial instruments to mobilize private capital for building renovation (HousEEnvest, AUNA). The trajectory shows a firm that moved from general financial consulting into a specialized niche: making energy efficiency bankable.

AFI is positioning itself as a go-to financial structuring partner for sustainable building and energy efficiency projects that need to attract private investment.

How they like to work

AFI has participated exclusively as a partner, never as a coordinator, across all four H2020 projects. They work within medium-to-large consortia (39 unique partners across 8 countries), suggesting they are comfortable contributing specialized financial expertise to broader teams without needing to lead. This makes them a low-friction partner — they bring domain knowledge without demanding the steering wheel.

AFI has collaborated with 39 distinct partners across 8 European countries, indicating a broad but not deep network. Their partnerships span innovation agencies, energy research bodies, and public finance institutions across Southern and Western Europe.

What sets them apart

AFI occupies a rare niche: they are a private financial consultancy that understands both EU research project mechanics and real-world capital markets. While many H2020 energy projects have technical partners, few have a dedicated financial structuring SME that can design guarantees funds, pooling mechanisms, and de-risking instruments. For any consortium that needs to demonstrate a credible path from research results to bankable investment, AFI fills a gap that universities and engineering firms typically cannot.

Highlights from their portfolio

• HousEEnvest
  Their largest funded project (EUR 202,469), focused on designing scalable investment financing schemes for energy efficiency in multifamily housing — their most concrete financial innovation work.
• AUNA
  Created Spain's permanent multilateral smart finance forum for smart buildings, showing AFI's ability to build lasting institutional structures beyond one-off project deliverables.