INSUBCONTINENT EXCLUSIVE:
Fintech startup Bnext has raised a $25 million funding round
The Spanish company is building a banking product and has managed to attract 300,000 active users.DN Capital, Redalpine and Speedinvest are
Existing investors Founders Future and Cometa are also participating
Other investors include Enern, USM and Conexo.When you open a Bnext account, you get a card and you can upload money to your account
You can then use your card and spend money anywhere around the world without any foreign transaction fee
complicate potential passporting of banking licenses
and CEO Guillermo Vicandi told me.You also can connect to your traditional bank accounts from the Bnext app
This way, you can manage your money from a single app.And Bnext takes this one step further by offering financial products from third-party
businesses and earn interest through October, you can save money using Raisin, you can get a loan, a mortgage, an insurance product, etc
Bnext generates revenue from those partnerships.While Bnext only operates in Spain for now, the company has managed to attract 300,000
The company also plans to expand to Latin America, starting with Mexico later this year.
