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Founded in 2016, Bnext is a financial technology company based in Madrid, Spain, that operates a comprehensive online banking platform designed for consumer financial management. The platform provides retail customers with various digital banking services, encompassing international money transfers, virtual payment cards, automated expense tracking, and integrated cryptocurrency transactions. Operating through a digital marketplace model for diverse financial products, the company generates its revenue by facilitating consumer access to specialized financial services and mobile payment integrations. In April 2024, the United States based financial technology enterprise Ouro officially selected the company to serve as its strategic card issuer within the European market. To support its ongoing business operations and platform development, the enterprise has secured $47.7 million in total venture capital funding, which includes a $4.5 million Series A financing round completed in 2023.
Bnext has raised $49.6M across 6 funding rounds.
Bnext has raised $49.6M in total across 6 funding rounds.
bneXt is a Philippines-based digital transformation consultancy specializing in enterprise software and IT services, particularly as a recognized SAP provider. It helps businesses modernize operations by implementing ERP systems, integrating advanced technologies like AI, Machine Learning, Big Data, Blockchain, IoT, and RPA, and offering solutions in infrastructure, platforms, and cybersecurity[1][2][3][4]. Serving enterprises across industries, bneXt addresses pain points in strategic planning, financials, supply chain, human capital, and customer engagement, with a team boasting over 300 successful SAP implementations and zero failures[2][3][4]. The company generates around $8.3 million in revenue, employs about 92-129 people, and emphasizes a "Digital Core" foundation for sustainable transformation[4][5].
bneXt operates from Makati City, Philippines, at 1010 Metropolitan Ave, The Nexus Center, positioning itself as a pioneer in digital enablement without a publicly detailed founding year in available sources[1][2][3]. Leadership includes Teh Opinion as President & CEO, alongside directors in analytics, software engineering, and infrastructure solutions, supported by certified experts trained via an internal Technology Academy and experimental labs for bleeding-edge tech testing[3][4][5]. The company's evolution centers on building from deep SAP expertise—spanning two decades and 300+ implementations—toward comprehensive digital roadmaps that sync with clients' objectives, culture, and priorities, earning praise for reliable delivery and innovation in client testimonials[2][3][4].
bneXt rides the wave of digital transformation in emerging markets like the Philippines, where enterprises seek to integrate on-premise systems with cloud ERP and AI amid rising demands for agility and innovation[1][2]. Timing aligns with SAP's RISE initiative and global shifts to intelligent automation, positioning bneXt favorably against competitors like Zenitech, Trantor, and Big Bang ERP by leveraging local expertise for complex, zero-failure executions[1][3]. It influences the ecosystem by enabling efficient, secure digital cores for industries like manufacturing and services, promoting best practices, and bridging traditional IT with modern tech stacks, thus accelerating regional business modernization[2][4].
bneXt is poised to expand its SAP-led transformations amid growing AI and cloud adoption in Asia-Pacific, potentially scaling through partnerships and its Technology Academy to tackle larger enterprise projects. Trends like AI-powered ERP and cybersecurity will shape its path, enhancing its edge in sustainable digital cores. Its influence may evolve by setting standards for reliable implementations in Southeast Asia, empowering more organizations to innovate without setbacks—reinforcing its role as a trusted digital enabler from Makati to global scales[2][3][5].
Bnext has raised $49.6M across 6 funding rounds. Most recently, it raised $4.5M Other Equity in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 5, 2022 | $4.5M Venture Round | Borderless Capital | — | Announced |
| May 1, 2022 | $5M Series U | — | Global Founders Capital, Lightshed Ventures | Announced |
| Aug 1, 2020 | $13M Series A | — | Kima Ventures, Roosh Ventures, Cometa, Digital Horizon, DN Capital, Enern, Founders Future, Kreos Capital, Redalpine, Speedinvest | Announced |
| Sep 1, 2019 | $25M Series A | Nenad Marovac, Redalpine, Speedinvest | Roosh Ventures, Cometa, Founders Future | Announced |
| Jul 9, 2018 | $1.8M Venture Round | Founders Future | Andreas Mihalovits, Pipeline Capital | Announced |
| Mar 28, 2017 | $330K Venture Round | Crowdcube | Andreas Mihalovits | Announced |
Bnext has raised $49.6M in total across 6 funding rounds.
Bnext's investors include Borderless Capital, Global Founders Capital, LightShed Ventures, Kima Ventures, Roosh Ventures, Cometa, Digital Horizon, DN Capital, Enern, Founders Future, Kreos Capital, Redalpine.
