Tagged: ali niknam

January 30, 2024 @ 7:45 am By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, reports a net profit of €53.1 million in 2023. A “testament” to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will “direct its net profit to propel its global… Read More

December 19, 2023 @ 4:26 pm By JD Alois  |  

Amsterdam-based digital bank bunq has claimed the title as the first “AI powered bank in Europe.” bunq says it is the second-largest digital bank in Europe. Today, the Fintech announced “Finn” a new GenAI platform that is available to all its customers. The AI powered… Read More

July 24, 2023 @ 10:26 am By JD Alois  |  

Profitable digital bank bunq has raised more money. According to a note from the firm bunq has received €44.5 million at a pre-money valuation of €1.65 billion.  In 2021 bunq raised €193 million at the same valuation. Bunq was founded by Ali Niknam after he… Read More

July 19, 2023 @ 9:09 am By JD Alois  |  

European digital bank bunq has now topped 9 million users, holding €4.5 billion in user deposits. Bunq reported that it grew its user base from 5.4 million to over 9 million in a bit longer than one year. In the last four months, Bunq has… Read More

April 5, 2023 @ 9:13 am By Omar Faridi  |  

The second largest neobank in the European Union is reportedly launching in all 50 US states. bunq, a neobank in the EU, has filed an application for a US banking license with the FDIC in the state of New York. By applying for a bank… Read More

October 12, 2022 @ 10:16 pm By Omar Faridi  |  

During times of unprecedented inflation in the Eurozone, bunq, which claims to be the second largest neobank in the EU, has observed a cross-country trend of younger European consumers being severely impacted by the ongoing cost-of-living crisis. The neobank’s clients in different European Union nations… Read More

February 4, 2022 @ 9:02 am By Omar Faridi  |  

European Fintech Bunq has reportedly become one of Europe’s first neobanking platforms to offer its clients a straightforward and sustainable way to invest their funds. The Dutch firm was recently valued at €1.6 billion and has now introduced ‘Easy Investments’ as part of the most… Read More

December 6, 2021 @ 9:50 am By Omar Faridi  |  

Ali Niknam, CEO and founder of European Fintech bunq, recently noted that they are starting off on a “new beginning for bunq” Niknam wrote in a blog post dated December 2, 2021 that today “marks the start of a new chapter in bunq’s history.” Niknam… Read More

July 8, 2021 @ 10:00 am By JD Alois  |  

Pollen Street Capital has invested €193 Million in Bunq, a Netherlands-based digital bank. The investment represents a 10% stake in the Fintech valuing Bunq at €1.6 billion, according to multiple reports. It was reported last month that Bunq was looking to raise additional growth capital…. Read More

June 20, 2021 @ 2:45 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly committed to a €160 million round at a €1.65 billion valuation. Bunq will also be acquiring a small business lender as part of the transaction. Bunq’s latest investment round was joined by an unnamed UK-based private equity company. As… Read More

December 31, 2020 @ 8:59 am By Omar Faridi  |  

European digital banks have experienced significant challenges this year. Many have continued to record substantial losses and have received complaints from clients regarding service-related issues. Investors have been pushing banking challengers to show them how they can generate sizable profits by effectively monetizing their products… Read More

December 27, 2020 @ 10:10 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly managed to grow its mortgage portfolio by 400% within six months. Bunq began offering mortgages to Dutch clients in July 2020. The digital bank has teamed up with third-party broker, asset manager NN IP, in order to provide these… Read More

April 25, 2020 @ 10:27 am By Omar Faridi  |  

European challenger bank bunq is introducing joint accounts for its Premium and Business account holders. Bunq+1 users will now have the option of opening an account for anyone they want to, which includes their partners and children. Bunq+1 business clients can create new accounts for… Read More

April 2, 2020 @ 9:47 am By JD Alois  |  

Netherlands based challenger bank bunq has announced a new program where its customers may become “CO2 free” in under two years simply by using the bunq Green Card. bunq SuperGreen is a program that for each €100 spent on any bunq card the company will… Read More