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July 26, 2023

bunq: A Spectacular Year of Growth, Securing €44.5 Million in Funding

EU's second-largest neobank defies challenges with stellar fundraising

Neobank bunq is on a roll. With over 9 million users and €4.5 billion in deposits, the year keeps getting better. Now, fresh off securing €44.5 million in growth capital, bunq's total funding for 2023 stands at nearly €100 million. Despite market challenges, the bank's resolute momentum and commitment to future growth are unwavering.

It has had a remarkable journey, from its bootstrapped beginnings in 2012 to its massive series-A funding of €193 million last year. With key investors backing the venture at a valuation of €1.65 billion, bunq's CEO, Ali Niknam, is thrilled by the ongoing success and deposit growth, vowing to solidify the path ahead for further expansion.

Founded in 2012, their remarkable journey from bootstrapped to a record-breaking series-A of €193M in 2021, fuels bunq's rapid expansion and massive deposit growth. CEO Ali Niknam's conviction in doubling down on momentum for future growth makes it a truly magical year for the neobank.

“It’s been a truly magical year for bunq: we’re rapidly expanding and have seen massive deposit growth. With more and more people entrusting their money to us, we’re convinced that we should double down on our momentum and cement the way forward for future growth.” Niknam said on the new capital injection.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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