Tagged: bunq

London Sees Sharpest Coworking Cost Decline in Europe as Living Costs Stabilize : bunq

A slowdown in cost increases across Western Europe, along with increasing prices in parts of Eastern Europe, is resulting in a more varied picture of affordability for expats as well as remote workers, according to European digital bank bunq’s research findings from the Working Abroad… Read More

European Neobank bunq to Operate as US Broker-Dealer After FINRA Approval

bunq, which claims to be one of Europe’s largest neobanks, has reportedly been approved by FINRA in order to operate as a US broker-dealer – a move that is said to have been driven by users who reside, work, and invest across Europe as well as… Read More

European Neobank bunq Teams Up with Loyalty Firm Ascenda

Ascenda, the loyalty company that enables growth for the world’s financial institutions, has recently announced its partnership with bunq, Europe’s neobanking platform which now also focuses on enabling crypto adoption. The latest collaboration aims to enhance bunq’s loyalty program, unlocking rewards that enable its users’… Read More

European Neobank bunq Focuses on Crypto Expansion with EU-wide Staking

bunq, one of Europe’s neobanks, is expanding bunq Crypto by (claiming to) becoming the first European challenger to launch flexible crypto staking, empowering users “to earn rewards on their digital assets, with full flexibility and no lock-up periods.” Building on the launch of bunq Crypto… Read More

European Digital Bank bunq Fined €2.6M for AML Failures

European digital bank bunq has been slapped with a €2.6 million penalty by the Dutch Central Bank (DNB) for substantial shortcomings in its anti-money laundering (AML) and counter-terrorism financing (CTF) measures. The fine, announced recently, underscores the growing regulatory scrutiny faced by challenger banks as… Read More

Financial Autonomy on the Rise with Younger Couples Keeping Finances Separate : bunq Survey

In an evolving global financial services landscape, bunq, one of Europe’s largest digital banks, continues to push boundaries with new features and international expansion plans. bunq currently reports 14.5 million users across 30 European countries. Founded in 2012 by entrepreneur Ali Niknam, bunq has prioritized… Read More

Ireland Reportedly Ranks Among Europe’s Most Affordable Nations to Start a Business

For anyone thinking of going freelance or launching their own small business, new research from Europe’s second-largest neobank, bunq, reveals that Ireland is one of the most affordable countries in Europe to get started. Among the top 10 EU economies analyzed, Ireland stands out “as… Read More

Digital Bank bunq Now Offers Crypto Investing

bunq, a digital bank based in the Netherlands, now offers crypto investing within its app. The service is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium. Bunq states that it will roll out crypto trading across the entire European Economic Area, as… Read More

European Neobank bunq Announces US Business Expansion Plans

bunq, which claims to be among some of the largest neobanks in Europe, is moving forward with its US banking license process, according to an update shared with CI. The company has filed for a broker-dealer license as “part of a two-phase strategy to enter… Read More

Digital Bank bunq Launches Stock Trading

Digital bank bunq has launched stock trading. Based in the Netherlands, bunq holds a full banking license and regulated by the Dutch Central Bank. While announcing trading, bunq is now reporting over 14.5 million users. According to a company statement, bunq is currently providing a curated… Read More

European Digital Bank bunq Announces Business Expansion Strategy, Will Aim to Double Headcount in 2024

In a bid to become the world’s first global neobank for digital nomads, bunq announces plans to grow its global headcount by 70% by the end of 2024. This move comes as 40 million people globally are choosing “location-independent careers.” In order to fulfill its… Read More

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

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