BNKA is a financial platform utilizing blockchain technology to facilitate zero-fee remittances and cross-border payments for immigrants from Latin America to first-world economies. The platform offers multi-currency management, real-time currency conversion, and international payment processing, enabling users to navigate financial systems seamlessly in their new countries.
Funding
Funding not disclosed
Founders
Product
Problem
Immigrants often face challenges accessing traditional financial services and encounter high fees and complex processes when sending money to their home countries. Limited access to multi-currency accounts and real-time currency conversion further complicates managing finances across borders.
Solution
BNKA provides a mobile finance platform designed for expatriates, freelancers, digital nomads, and students, offering multi-currency management and cross-border payment solutions. Users can deposit, withdraw, and manage Euros, Argentine Pesos, Peruvian Soles, USDT, and USDC within a single application. BNKA facilitates international payments and remittances, enabling users to send money to their home countries without intermediaries and pay bills in their country of origin. The platform also provides access to international virtual and physical cards for payments and cash withdrawals.
Target Audience
The primary target audience includes expatriates, freelancers, digital nomads, and students who need to manage multiple currencies and send money internationally.
Features
- Multi-currency wallet supporting EUR, ARS, PEN, USDT, and USDC
- Free European IBAN activation with passport and European phone number
- International VISA and Mastercard options for spending in local currencies
- Real-time, no-fee currency exchange between supported currencies
- Bill payment service for Argentinian and Peruvian utilities and services
- Secure transactions with two-factor authentication
- Mobile app available on iOS and Android