Mobile first bank Bnext has closed Series A funding at $25mn.
In Brief:
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This is the largest ever Series A round for a Spanish FinTech.
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Investors included DN Capital, Redalpine, Speedinvest, Founders Future and Cometa.
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Bnext has around 300,000 users and processes about €100mn in monthly transactions.
What does this mean?
Bnext has grown over a short period having launched early last year. The funding will help it introduce a premium service offering more features, as well as furthering its expansion in Latin America.
