Bnext raises $25 million for its mobile banking alternative

Fintech start-up Bnext has actually raised a $25 million financing round. The Spanish business is constructing a banking item and has actually handled to bring in 300,000 active users.

DN Capital, Redalpine and Speedinvest are leading today’ s moneying round. Existing financiers Founders Future and Cometa are likewise taking part. Other financiers consist of Enern, USM and Conexo.

When you open a Bnext account, you get a card and you can submit cash to your account. Bnext accounts aren’ t technically savings account — the business has an e-money license. You can then utilize your card and invest cash anywhere around the globe with no foreign deal charge. You likewise can freeze and thaw your card from the app.

“ As of now we’ll adhere to the e-money license, as our worldwide growth strategies make complex possible passporting of banking licenses. We will initially require to comprehend in which nations makes more sense to get a banking license, and after that we’ll decide, ” co-founder and CEO Guillermo Vicandi informed me.

You likewise can link to your conventional savings account from the Bnext app. By doing this, you can handle your cash from a single app.

And Bnext takes this one action even more by providing monetary items from third-party business. It’ s clear that the business wishes to develop a monetary center, the only financing app that you require.

You can provide cash to medium and little services and make interest through October , you can conserve cash utilizing Raisin , you can get a loan, a home loan, an insurance coverage item, and so on. Bnext creates income from those collaborations.

While Bnext just runs in Spain in the meantime, the business has actually handled to bring in 300,000 active users. It processes € 100 million in deals each month ($109 million).

Up next, Bnext strategies to provide premium strategies with more functions and specific IBANs. The business likewise prepares to broaden to Latin America, beginning with Mexico later on this year.