Bnka grants financial access for Latin American expatriates, freelancers or students, offering them a European IBAN in simple steps.
Bnka is the solution that provides financial access to Latin American expatriates, freelancers, digital nomads or students who live, study or work in Europe and could not find a simple, transparent financial solution designed for their daily lives. Migrants who send money to their families, students who need to cover expenses in different countries.
With the rise of remote work and the growing demand for professionals, both technological and other profiles such as accountants, psychologists, etc., Europe is becoming an increasingly attractive destination for Latin freelancers. However, banking remains a considerable challenge.
The European labor market provides opportunities for workers especially in sectors such as programming, software development and cybersecurity and other industries. The flexibility of remote work allows these professionals to establish themselves in various European cities, taking advantage of both the dynamism of the digital market and the quality of life that these destinations offer. However, the need for a bank account to receive payments, make transactions and manage your personal finances both in your current country and where you live remains crucial.
Since its launch, Bnka has grown rapidly, reaching more than 56,000 satisfied users. To date, the fintech has processed more than €25,000,000 in transactions, consolidating itself as a key player in the financial market focused on this sector. In addition to operating in the European Union, Argentina and Peru, Bnka has expansion plans in Colombia soon, which will allow more Latin American users to access its innovative services.
Migration flow in Europe
The important time for Latinos looking for opportunities in Europe is the summer season. The labor market of the old continent, especially at this time, offers a large number of temporary opportunities in sectors such as hospitality, commerce and tourism. According to Randstad, the summer campaign in Spain will generate around 600,000 job contracts, an increase of 2.3% compared to last year. Coastal cities in Spain, as well as destinations in Italy and France, become magnets for temporary workers. This trend has opened a significant door for Latinos seeking new economic opportunities.
«Bnka wants to accompany its users in all their stages and facilitate their activity. Our goal is to offer quality financial services under a single platform, creating a direct bridge with Latin America and continually improving the experience considering their needs,» says Sebastián Lesniewier, CCO of Bnka.
The migrant experience in three stages
Bnka identifies three stages in the migrant experience, each with its own realities:
Pre-Migration: Those who are planning their move, organizing documentation, looking for accommodation and preparing for the change. Bnka offers the opportunity so that even before you get on the plane, you know exactly what steps to follow to obtain a free European IBAN when you arrive at your destination.
Recent Migration: Workers who have recently arrived and need a quick and efficient solution to start managing their income and expenses. Bnka facilitates immediate access to the local economy, allowing these professionals to focus on their work without worrying about financial barriers.
Established Migration: For those who have been in Europe for several years and are looking for a tool that allows them to maintain the financial connection with their country of origin. The platform provides the ability to make commission-free currency exchanges at favorable rates and access global financial services.
With its innovative and expansive approach, Bnka is redefining the way workers manage their money abroad, facilitating their integration into the European labor market and ensuring equitable access to financial services. Fintech is emerging as the leading solution for Latin migrants, connecting Europe and Latin America through an innovative and accessible financial platform.
The fintech solution for freelancers and remote workers
The recently updated Bnka app not only allows access to the European currency but also adds the SEPA Instant transfer system, which allows users to operate 24 hours a day, seven days a week and transfer in seconds to another account without any restrictions. In addition to this, the renewed service also allows you to withdraw Euros from the account at any time.
The novelty strengthens the multicurrency approach, allowing operations in Euros, Argentine pesos, Peruvian soles, USDT, USDC and soon Colombian pesos. This feature is a key differential for Bnka users who need to pay for services in their countries of origin, receive shipments and make them, facilitating fast and secure transactions.
Notable improvements include:
Integrated international cards: Both physical and virtual cards allow users to make local and international payments without the need for intermediaries or extra charges. Depending on the country, their operation is headed by both Mastercard and Visa.
Payment and recharge functionality: Expansion of payment for services in Argentina and Peru, and direct mobile recharges from the application, facilitating the daily lives of those who maintain active links with their countries of origin.
Advanced personal finance management: New tools for freelancers that allow them to manage multiple incomes and expenses in different currencies, essential for those who work far from home but maintain financial responsibilities in Latin America.
“We understand that the solution offered by Bnka is robust, complete and tailored to those workers, digital nomads, freelancers and remote workers who offer their services to the entire world,” defines Lesniewier.
In this way, Bnka is positioned as a tool that provides various financial solutions to all types of workers, travelers and expatriates who need to become banked in an agile and secure way.
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