Skip to content

Dutch neobank Bunq raising $228M in Series A funding, largest by EU fintech firm

Dutch neobank Bunq raising $228M in Series A funding, largest by EU fintech firm

Netherlands-based challenger bank Bunq is raising $228 million in Series A funding, the largest by a European fintech company. 

Pollen Street Capital will lead the funding round alongside Bunq’s founder and CEO Ali Nikanam, who is investing $29.5 million. Since its inception, Bunq has remained self-funded by Nikanam. 

The funding deal will see Bunq also acquire Irish lending company Capitalflow Group previously owned by Pollen Street Capital, TechCrunch reports.

Since the company’s inception in 2012, Bunq has turned down potential venture capital funding over the years. Over the period, Niknam has invested $116.6 million of his own capital. 

“Everything has a right time. In the beginning of Bunq, it was important to get a laser user focus in the company. Having to also focus on fundraises and the needs of investors distracts. Bunq now is mature enough to start scaling up significantly, so more capital is welcome,” Niknam said.

Bunq’s founder and CEO Ali Nikanam.

Bunq growth strategy

Part of Bunq’s growth strategy is to acquire small companies to navigate the highly competitive market, especially in Europe.

Currently, Bunq offers bank accounts and debit cards supported by a mobile application. Users can use their app to send money, share a payment link with other people, split payments among other services.

In April this year, Bunq user deposits surpassed the €1 billion mark. With the company running a subscription plan, it expects profitability in the future serving 30 European markets. 


Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts