bnc10, a brand new fintech challenger based mostly in Barcelona, Spain, has efficiently secured its preliminary £300,000 fairness crowdfunding goal by way of its Crowdcube marketing campaign, which has attracted greater than 225 Crowdcube traders.
Based in 2018 and launching earlier this yr, bnc10 acknowledged it has grown quickly, hitting 40,000 energetic clients not solely within the house market of Barcelona and Spain, but additionally in additional than 20 nations throughout Europe.
“The combination of Apple & Google Pay, instant top-up, Spanish IBAN, P2P payments and shared accounts make it a strong alternative to traditional banks. An account can be opened, topped up and first payment made in the time it takes to have a coffee.”
bnc10 additionally reported its shared accounts service permits the platform to focus on customers from 25 to 50 years previous who share a flat, are younger dad and mom, or in a relationship permitting most flexibility to share their on a regular basis bills.
“bnc10 has developed its entire platform internally enabling fast development and products, leveraging Fintech partners like Mastercard, PFS and Mitek.”
bnc10 additional famous that it plans to continue to grow within the house market of Spain, with growth all through Europe and Latin America, acquire its personal EMI license and increase monetization by way of pay-per-use premium merchandise. The corporate is planning to make use of the Crowdcube funds for this growth.
bnc10 is now providing 2.55% in fairness at a £13,416,815 pre-money valuation by way of the funding spherical, which is ready to shut on the finish of October.
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