Bunq's €29M Boost for Global Expansion
April 17, 2024, 9:47 pm
Amsterdam's bunq, a fintech unicorn, secures €29M to fuel its growth ambitions in 2024. The neobank's shareholders commit to providing capital for expansion, with plans to enter the UK and US markets. Bunq aims to resubmit its banking license application in the US after resolving regulatory issues. The company's profitability and customer assets have seen significant growth, with the launch of the GenAI platform Finn. Founder Ali Niknam's vision of building a user-centric bank drives bunq's success in the competitive fintech landscape.