bunq
Description
Bunq is a fully licensed bank from the Netherlands. However, bunq is not an ordinary bank. Instead of making more money, the company wants to reinvent money itself with mobile technology. That’s why it built the own banking system and innovative features from scratch. The company is currently working non-stop on futuristic payment methods and other innovations to make money and banking as easy, transparent, and fun as possible.
Overview
| Type: | Private |
| Funding Status: | Seed |
| Foundation year: | 2012 |
| Location: | Amsterdam, Noord-Holland, The Netherlands |
| Number of employees: | 101-250 |
| Founders: | Ali Niknam |
| Website: | www.bunq.com |
Target geographic market:
Europe
About Product/Service
| Products | Personal Premium; Joint Account; Business Account; Travel Card; Green Card |
|---|---|
| Core product offerings for individual/retail customers | Personal/Business Account |
| Differentiating features of product | • Real-time access to money • Instant payments • Option to use phone as a payment terminal |
| Core product for bussiness customers | Business Account |
Key people
Funding rounds
| Last Funding Date | Dec 30, 2018 |
|---|---|
| Last Funding Amount | €10M |
| Last Funding Type | Seed Round |
| Total Funding Amount | €44.9M |
| Number of Funding Rounds | 4 |
Financials
| Number of investors | 1 |
|---|---|
| Names of lead investors | Ali Niknam |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x TransactionLink We integrate tech and fintech solutions (eg.... | 2020 | Private | |
x Tandem Tandem is building a bank and financial... | 2013 | Private | challenger bank, fintech |
x Mettle Mettle is a free business account by NatWest that... | 2018 | Private | Challenger banks, fintech |
x Oxygen Oxygen is a neo (challenger) bank. The first and... | 2018 | Private | fintech, challenger banks |
x Monzo Monzo (previously Mondo) is a digital, mobile-... | 2015 | Private | fintech, challenger banks |
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