bnc10

bnc10.com ↗ ·Barcelona ·Seed

bnc10 is a Barcelona-based digital neobank that offers consumers a mobile current account, prepaid card, fee-free currency exchange, peer-to-peer payments and shared accounts for groups such as travellers and flatmates, with customer support over WhatsApp and Telegram. Founded in 2018 and launched to the public in 2019, it reported more than 300,000 registered users, over 50,000 active users and more than €40M transacted through the platform. The company has raised about €4M in total, including a €1.6M seed round in 2018 and a €1.1M round closed in November 2020 through Crowdcube, led by Atina Ventures, with more than 750 investors taking part. It used the 2020 round to pursue its own electronic money institution (EMI) licence and to launch new services.

Founded
2018
Founders
3
Total funds raised
€3.7M
Rounds
3
Investors
3
Last round
Nov 2020

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Founders

David Montanyà
Co-founder
Jordi Domínguez
Co-founder & CEO
William McCahey
Co-founder & COO

Global models 5

Chime
United States · www.chime.com ↗
Mobile-first consumer neobank offering fee-free current accounts, debit cards and peer-to-peer payments, earning mostly from card interchange.
$2.3BComparable
Nubank
Digital consumer bank built around a mobile account, cards and instant transfers, sold directly to retail customers through an app.
$2.3BComparable
Revolut
United Kingdom · www.revolut.com ↗
App-based consumer account with cards, fee-free currency exchange, P2P payments and shared group accounts, the closest match to bnc10's product.
$1.7BComparable
N26
Germany · n26.com ↗
European mobile current account with a debit card, instant P2P transfers and shared 'Spaces', monetised through interchange and premium plans.
$1.7BComparable
Monzo
United Kingdom · monzo.com ↗
Began as a prepaid-card app and grew into a mobile current account with bill-splitting, shared pots and fee-free spending abroad for consumers.
$1.5BComparable

In the same niche 26 others

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Notes: Most funded first

Investors 3

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Funding rounds 3

DateRoundAmountLead

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