Bnext, a Spain-based mobile-first neobank, announced this week it raised $25 million through its Series A funding round, which was led by DN Capital, with participation from RedAlpine, SpeedInvest, Founders Future, Cometa, Enern, USM, and Conexo.
Founded last year, Bnext states it offers customized services tailored to individual needs. The mobile banking platform allows its customers to connect their existing bank accounts and aims to facilitate transparent and flexible financial management along with financial and insurance products from partners.
While sharing details about the investment, Nenad Marovac, Founder and Managing Partner of DN Capital stated:
“Bnext is the market-leading digital bank in Spain and soon to be in Latin America. We are very impressed with the company’s growth to date and the ambitions of the management team. Together with our partners Speedinvest and RedAlpine we look forward to helping Bnext realize its ambitions.”
Guillermo Vicandi, Co-Founder and CEO of Bnext, added:
“We are delighted to be able to work with such a select group of investors. The financing obtained will allow us to consolidate our leading position in and accelerate our growth in and out of our borders. We face a great challenge and we are very excited about it.”
Bnext is planning to use the Series A funds to continue the development of its products, as well as expand to its services to Latin America, especially Mexico.