Bnext secured $25m in its Series A round in October and has now topped up its accounts with a further $13m.
Having led the round in October, DN Capital, Redalpine and Speedinvest returned this time around too. The raise is also supported by FinTech investor Enern, USM and Conexo.
Bnext launched in 2018 and today boasts of having over 300,000 active users, processing more than €100m ($118.7m) in monthly transactions.
“Bnext is the market leading digital bank in Spain and soon to be in Latin America,” said Nenad Marovac, founder and managing partner of DN Capital, adding that te investor was “very impressed with the company’s growth to date and the ambitions of the management team.”
The company, which has an e-money license in Spain, plans to use the money to strengthen its domestic offering and to expand in further into Latin America.
The e-money licence enables Bnext to provide accounts, which are technically not bank accounts, as well as issuing cards that enable users to spend their money anywhere in the world.
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