Bergen – Mar 10, 2022 – Bueno Group AS today announced that they have launched their property centric platform and brand in Spain, Bueno, as one of the first B2C fintech challengers in Spain with accounts issued on the local banking network, Iberpay. Bueno’s Spanish IBAN accounts have full support for local payments including direct debits, which are required to have 100% support for utility payments in Spain. Also available is the Bueno Debit Mastercard® which means that Bueno customers have a complete payment alternative in Spain. By Q3 Bueno expect to offer local payment functionality also in France.
Bueno’s key focus is on property owners, primarily on foreign property owners in Spain, to provide help with their pain points and frustrations when owning a foreign property and managing the property from abroad. With a property centric focus, Bueno’s aim is accelerating the adoption of sustainable, customer focused financial services through simplifying property ownership and property related financials. Bueno has a pan European focus with ambitions to grow significantly over the next few years while quickly becoming a profitable business.
The unique Spanish setup was achieved working with HUBUC, an embedded finance powerhouse providing the technology behind brands offering financial services. Bueno accounts are powered by SEFIDE, a Spanish e-money provider licensed by Banco de España. The Bueno Debit Mastercard is issued by Transact Payments Malta Limited pursuant to a licence by Mastercard International Incorporated.
About Bueno
Bueno Group AS is initially focusing on underserved customers in a market where financial innovation is lacking. We believe that the future of fintech is niche focused. For Bueno, that means creating a better financial product for customers in Southern Europe and through the experienced gained there, expand the company’s focus to all of Europe to become the preferred property centric platform in Europe. With a focus on property owners and only Premium (paid) customers Bueno annual customer revenue is expected to quickly reach €150, 5-8 times more than the average neobank revenue in Europe.
About HUBUC
HUBUC is an embedded financial services provider that allows businesses to access all services through one platform, with the ability to go live within weeks. HUBUC enables clients to embed the financial services they need to grow their business, including card issuance, five-minute bank account opening and KYC processes in 54 countries, IBAN / VAN issuance, money transfer, FX services, dynamic spending controls and real-time notifications. HUBUC also manages full regulatory compliance and on-boarding complexities on behalf of its business partners. It can onboard customers within days – significantly reducing additional time and cost investments required and enabling them to bring payment capabilities to market faster.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. This card is issued by Transact Payments Malta Limited pursuant to licence by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879.
Media Contact
Company Name: Bueno Europe Ltd
Contact Person: Media Relations
Address:Blackthorn House, Suite 2A, St Pauls Square
City: Birmingham
Country: United Kingdom
Website: https://getbueno.com/
