Fintech Bnka facilitates finances for Latin and European migrants

The financial app Bnka reaches the Spanish market with the objective of achieving 70,000 users during the first year and offering “a comprehensive and disruptive solution” in the management of the personal finance of the migrant populationwith special focus on those who come from South America and Europe, as reported today by the developers in a statement.

Among the main financial functions are the possibility of opening multi-currency accounts, international flag debit cards, currency exchange and payment of services and a remittance system accessible globally through technology ‘blockchain’.

At the moment, Bnka – with which EFE maintains a content dissemination agreement – is present for those with Argentine nationality and European countries, although the company’s plan is that by 2024 it will already work for citizens of Peru, Colombia, Brazil and the United States.

Most financial services will be carried out through the platform’s web or mobile application, from which you will be able to make purchases using your local currency and pay everything in the currency of your choice, whether in your country of origin, residence or transit.

In this way, the creators highlighted as the main advantage that “the efficiency and improvement of financial transactions”, as well as cross-border transfers “secure, fast and accessible in real time, regardless of geographic location.”

Regarding the issue of data privacy, Bnka stressed that the funds and personal information of its users are protected by encryption technology. “Last generation” used by the blockchain.

The general director of Bnka, Sebastian Lesniewier, pointed out that “innovation is a central part of the project”within its purpose of being “the first financial platform designed by and for migrants and expatriates that operates in and from Spain to Europe.”

Lesniewier insisted that they want to globalize financial services “giving free access” so that people who live in another country and “They cannot easily access a checking account”they can operate with their money or send it to their relatives.