Bnexta Spanish neobank based in Madrid, Spain
Description
Bnext is a Spanish neobank based in Madrid, Spain. It officially launched on March 30, 2017 and in February 2020 officially became registered as a digital money entity by the Bank of Spain. The structure of Bnext followed the same as other neobanks by not having a banking license and just a e-money license where users could load money into their cards and use it worldwide without any foreign transaction fees. The app also allows users to connect other bank accounts as a way to manage their finances.