Bunq Raises $111 Million at $1.8 Billion Valuation

Bunq is a startup that offers financial services to consumers. From flexible account options to instant money transfers, Bunq ensures that its customers have full control over their finances. Its intuitive mobile app and web platform provide users with a seamless banking experience, allowing them to manage their accounts, make payments, and access innovative features with just a few taps.   

Bunq has raised $111 million in equity funding at a $1.8 billion valuation. The fresh funding will be used to continue expanding Bunq’s business. The majority of Bunq customers are in Europe but Ali Niknam, founder of Bunq, noted that he sees as big of an opportunity in the U.S. as it has seen in its home territory. In April 2023, the process of getting a banking license there started.

Bunq, Amsterdam, The Netherlands, was founded in 2012 by Ali Niknam. After expanding into selected European countries, Bunq became available to all markets in the European Union, Norway, and Iceland in 2019. The company currently has 9 million customers, compared to 5.4 million one year ago.

Previous Post

Farizon, Geely’s Truck Unit, Raises $600 Million

Next Post

OneTrust Raises $150 Million at $4.5 Billion Valuation

Related Posts