Dutch neobank Bunq has raised €44.5 million in fresh funding, maintaining its valuation at €1.65 billion, and has raised a total of nearly €100 million in capital this year. The funding round included its founder and CEO, Ali Niknam, along with Pollen Street Capital and Bunq’s chief information officer, Raymond Kasiman.
Facts
- Dutch neobank Bunq secures €44.5 million in fresh funding at an unchanged valuation of €1.65 billion.
- This brings the total capital raised by Bunq this year to almost €100 million.
- The funding will be used to fuel growth and accelerate international expansion.
- In April, Bunq applied for a US banking license to expand services to all 50 states.
- Bunq has experienced rapid expansion and significant deposit growth, with over 9 million registered users across Europe and user deposits exceeding €4.5 billion in the last four months.
- 50% of Bunq’s user base contributes directly to the company’s revenue through subscription fees and interest income.
- Despite a reported dispute with investor Pollen Street Capital, Bunq successfully resolved any disagreements and secured the new funding.
