Bank of The Free
We’re bunq, Bank of The Free.
We’re a totally independent bank that makes your life easy. No branch visits, no queues, no paperwork, just immediate access from a mobile device. Users can share bank accounts with whomever they want and pay with worldwide Maestro and Mastercards wherever they go.
bunq was founded in 2012 by Ali Niknam (1981), who managed to get the first European banking permit in over 35 years. He set out to radically change the traditional banking industry and, as its sole investor, invested €98.7m in bunq.
In a deal with British private equity firm Pollen Street Capital, we have raised €193 million and the company’s valuation soars to €1.6 billion.
The investment marks the largest series A round ever raised by a European fintech.
As part of the deal bunq acquired Capitalflow Group, a privately held Irish lending company with strong ties to the Irish community.
bunq’s latest publicly available number of user deposits exceeds €1,000,000,000, based on the deposits in May 2021.
Over 2019 the total amount of user deposits doubled and is increasing every day. bunq is currently available in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romainia, Slovakia, Slovenia, Sweden, the United Kingdom and Norway and Iceland.
*as of April 2021
Founder and CEO
Ali Niknam (1981), born in Canada but from Iranian descent, set up his first company when he was just 16 years old. In his early twenties he founded TransIP, the biggest domain name and web hosting provider of the Netherlands. In 2012 he set out to change the banking industry radically
and founded bunq.
Idzard van Eeghen (1960) is the Chief Risk Officer. Idzard has extensive banking experience and has held various commercial, risk management and general management positions. He joined bunq in May 2018.
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