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he bcn10 round began last September and has seen the participation of a total of 700 investors in Crowdcube, focused on equity crowdfunding.
The CEO of bcn10, Albert Llorens, has stated that this capital increase will allow them to "face" their upcoming challenges, such as initiating the application for their own electronic money license and developing new products, in addition to continuing to grow.
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This company, created in Barcelona by Manel Vallet, David Montanyà and William McCahey in 2018, presents itself as a "banking alternative" that wants to "bend the rules of finance and move away from uncomfortable bureaucracies and the typical fine print of traditional banks."
bnc10 launched in October 2019 and in just twelve months since its launch has managed to attract more than 40,000 users, who have already transacted 20 million euros through the platform.
It offers its clients a current account with a Spanish IBAN; a Mastercard prepaid card to withdraw money from ATMs worldwide; payment with Google Pay and Apple Pay; shared accounts; digital operations via App and WebApp; customer service via Whatsapp and Telegram, and totally free expense analytics and payments between friends functionalities.
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