Breaking News
bunq secures €100M in growth capital despite market downturn
bunq, the second largest neobank in the EU, secures an additional €44.5M in growth capital, bringing the total capital injected into bunq this year to nearly €100M. This fresh capital allows the mobile bank to further accelerate its international expansion and continue its rapid growth.
Current investors Ali Niknam, Pollen Street Capital and Raymond Kasiman joined the round and committed to an investment valuation of €1.65 billion, despite this year’s market downturn.
The funding round follows a record year for bunq. The challenger recently hit 9 million users across Europe and doubled its user deposits in just four months, with deposits surpassing €4.5 billion. In 2021 bunq raised €193M, the largest series-A ever raised by a European fintech, valuing bunq at €1.65 billion.
“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.” Ali Niknam, founder and CEO of bunq
bunq booked its first net profit in the last quarter of 2022 and expects to have its first full year of profit in 2023.
People In This Post
Companies In This Post
- When Will AI Replace Your Job? Read more
- Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board Read more
- Revolut Reports Record Profit of $2.3bn for 2025 as Revenue Surges to $6bn Read more
- HSBC Announces David Rice as its First Chief AI Officer Read more
- 200 Million More Friends on Venmo – Send Money to PayPal Users Around the World Read more
Apis Partners Portfolio Realisations Surpass US$1 Billion
Apis Partners Group (UK) Limited (“Apis”), a global private equity firm specialising in financial infrastructure and technology, today announced that cumulative portfolio realisations across funds managed by the firm surpassed US$1 billion during Q1 of this year. Achieving this milestone in a challenging exit environment underscores the strength of Apis' approach to portfolio construction and its track record on exits.
Talino Closes $7.5M Series A to Launch a Global Fintech Foundry and Modernize Cross-Border Infrastructure
Talino, the award-winning fintech foundry, announced the successful closing of its $7.5 million Series A funding round
Obin AI Emerges from Stealth to Build Agentic Workforce for Financial Institutions
Obin AI, an enterprise AI company building an agentic workforce for financial institutions, announced it has raised $7 million in seed funding
Theo Raises $100 Million to Bring the Gold Standard Back to the Dollar
Theo, a tokenization platform built by former traders from Optiver and IMC, today announced the successful close of its Genesis Vault, raising over $100 million within 24 hours. The capital will back thUSD, a yield-bearing stablecoin powered by thGOLD – Theo's tokenized gold product backed by the world's deepest and most liquid commodity market.
SuperSeed Launches Physical AI Seed Fund with up to £50m Cornerstone Commitment From British Business Bank
SuperSeed Fund III has secured a cornerstone commitment of up to £50 million from the British Business Bank to invest in B2B AI and SaaS startups. The Bank has made its commitment through the Enterprise Capital Funds programme, with the fund also having the benefit of being accredited by the UK's National Security Strategic Investment Fund (NSSIF) as was SuperSeed’s prior fund.
TransFi Inc. Raises $19 Million to Build an Emerging Markets–Focused Global Payments Platform on Stablecoin Rails
TransFi Inc., a global payments infrastructure company on stablecoin rails,, focused on emerging markets, today announced the closing of a $19.2 million financing round, comprising $14.2 million in Series A equity and a $5 million committed liquidity facility.
Upvest Secures $125m to Cement Its Position as Europe’s Leading API-First Investment Infrastructure
Upvest today announces a $125 million financing round to accelerate the modernization of legacy banking systems across Europe and the UK
When Will AI Replace Your Job?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board
Black in Fintech has launched a speaker index to increase the visibility of Black professionals across financial services and fintech
Revolut Reports Record Profit of $2.3bn for 2025 as Revenue Surges to $6bn
Revolut released its Annual Report for the year ending 31 December 2025 is delivering record profitability and global scale as it transitions into a truly global bank
HSBC Announces David Rice as its First Chief AI Officer
HSBC Holdings plc today announced David Rice will be appointed as HSBC’s first Chief AI Officer, effective 1 April.
200 Million More Friends on Venmo – Send Money to PayPal Users Around the World
Venmo announced a major expansion that brings the app's peer-to-peer payment experience to a global audience
Starling Appoints New Group Chief Risk Officer
Starling Group today named Keith Algie as its new Group Chief Risk Officer, subject to regulatory approval.
tbi bank Completes the Migration of Card Services From BGN to EUR With BPC Simplifying Consumer E-Commerce and Cross-Border Payments.
tbi bank achieved a major milestone of migration of its whole card payments ecosystem from BGN to EUR, powered by BPC