Tagged: bunq

Digital Bank bunq Partners with Mastercard to Provide Clients in Europe a Complete Overview of Finances

bunq, which claims to be the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, “which allows users to add accounts from… Read More

European Digital Bank bunq Enters Insurance Market

bunq, which claims to be one of the largest neobanks in Europe, has taken a significant step forward to upgrade its user-facing AI assistant, Finn, to be fully conversational. The challenger has also “rolled out its worldwide one-time activation travel insurance, in partnership with Qover,… Read More

Digital Bank bunq Reports New Funding with Plans for US Expansion

Digital bank bunq has reported a net profit of €53 million for 2023 as part of its annual report. bunq also revealed that it acquired additional funding of €29 million from its existing backers. This is reportedly part of Bunq’s efforts for expanding business operations… Read More

European Digital Bank bunq Reports Net Profit of €53.1M in 2023

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

Fintech Professional Shares Feedback After Testing Digital Bank bunq’s AI Features, which Need A Lot of Improvement

bunq, a Dutch digital banking platform, has started describing itself as “the first AI-powered bank in Europe.” However, like most firms that claim to leverage AI, there is more hype than actual value being delivered to consumers. During the past few years, artificial intelligence has… Read More

Profitable Digital Bank bunq Raises More Money at €1.65 Billion Valuation

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

Profitable Digital Bank Bunq Tops 9 Million Users, €4.5 Billion in Deposits

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

European Neobanking Fintech bunq Applies for US Banking License

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

European Fintech bunq Enhances Budgeting Features

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

European Fintech bunq Introduces Easy Savings, a New Savings Account in 5 Minutes

European Fintech bunq notes that you probably never met someone who “doesn’t like savings.” More savings, more money. It all sounds pretty good, the team at bunq writes in a blog post. It only gets “a bit more complicated when it comes to what you’re… Read More

European Fintech bunq Adds Features to Make it Easier to Manage Money

European Fintech challenger bunq notes that managing your funds has become even easier when using their platform. The team at bunq writes in a blog post that consumers do not want to spend a lot of time on money admin, because there are so many… Read More

European Fintech bunq Introduces Investing Feature

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

European Fintech Challenger bunq Explains How You Can Continue Saving Money in 2022

European Fintech bunq reveals that with the new year and “new you,” they will help clients with  saving even more money in 2022, which means “having more to spend on the things that you love” or care about. The team at Fintech challenger bunq has… Read More

European Fintech bunq Reveals How to Make Quick and Safe Contactless Payments via their Platform

European digital bank bunq has shared quick and safe ways to make contactless payments via their platform. According to bunq, gone are the days when you were required to carry physical payments cards with you everywhere, because now, most of the time, just your phone… Read More

Ali Niknam, Founder of European Fintech bunq, Explains Why He Launched the Firm, After Recently Acquiring A Significant Investment

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

Pollen Street Capital Commits €193 Million in Dutch Digital Bank Bunq as it Acquires Online Lender

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

Dutch Banking Challenger Bunq to Acquire €160M in Capital at €1.65B Valuation, Deal Includes SME Lending Platform Purchase

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

Bunq Named First European Issuer to Launch True Name Feature With Mastercard Across Europe to Support Transgender & Non-Binary Communities

Mastercard announced on Monday it named European challenger bank Bunq the first European issuer to launch Mastercard’s True Name feature across Europe to support transgender and non-binary communities. According to Mastercard, the feature enables cardholders to leverage their chosen name on their card offerings, removing… Read More

Digital Banks and Fintech Challengers Must Show they Can Generate Profits, Investors are Expecting Returns

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

Netherlands based Digital Bank Bunq Saw its Mortgages Portfolio Expand by 400% in 6 Months

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

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