Bueno bank aims to target Spanish holiday homeowners
Bueno, a new challenger bank, has emerged in Spain to provide banking for people purchasing and maintaining property abroad.
Bueno is in the middle of its first funding round. The neobank aims to raise up to €500,000 for its platform.
The bank claims to offer a unique business model based on bank accounts, currency exchange, cards and insurance to foreign property owners.
Bueno is kicking off operations in Spain, but plans to expand across the continent with a European licence.
Founder, John Hegranes, says that Bueno will launch its own short-term rental platform in 2021 offering “maximum security for both owners and guests.”
The neobank promises a dedicated IBAN for customers’ second homes, insurance, utilities management, and professional services.
Renters and guests will connect through the platform, and if the property has an associated account with the neobank then funds will be “instantly transferred”.
On its website Bueno offers a trio of payment plans for the account and associated services. These range from €89 per month for smaller properties to €129 per month for larger ones.
Bueno is currently asking users to sign up to an early access list, with a launch slated for early 2021.
The bank is operated by Financia Solutions, a company also founded by Hegranes in 2019. Bueno has no other listed employees on LinkedIn, at the time of the writing.
Both the bank and Financia Solutions list their headquarters at a virtual company address in London.
Hegranes has spent seven years as a freelancer and entrepreneur, in fields including travel, online gambling, and financial education.
He spent eight years working with LifeClub International, a platform for retail investors to manage money in private funds.