Fintech represents a huge opportunity
The financial world is changing. New and innovative companies like Bueno are reinventing financial services. In the future, payments and transfers will be seamlessly included in products and services - banking in the conventional form will become a concept from the past. The Global Neobanking Market size was estimated at USD 80.39 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 56.91% to reach USD 765.70 billion by 2027. The European Neobanking Market is expected to grow at a CAGR of 45.9% over the same period (source Businesswire / kbv research)
Technology is driving the innovation
One of the reasons banks are finding it hard to compete with fintech companies is technology. Legacy banks often have older systems based on outdated technology. But this is not only a challenge for banks, there are many modern companies who are stuck with technologies that are holding them back. Bueno believes that top performing fintech companies must build a flexible platform and continuously innovate, probably replacing much of their code every 24 months. Bueno has taken a modern approach to development and can easily replace/update parts of our technical infrastructure.
A potential for significant growth
An investment in Bueno Group AS is more than solely an investment in a neobank. We aim to provide an ecosystem that solves pain points and simplifies the lives of our core users. Some of the income streams generated by non-banking products represent substantial opportunities. Bueno will approach future growth with a corporate structure that maximises shareholder returns. We believe that Bueno Group AS has potential for significant growth over the next 5 to 10 years. Having built a strong financial foundation and reputation, we will be in a unique position to expand throughout Europe. Contact us to learn more about an investment in Bueno Group.