- Europe’s second-largest neobank marks its 10th anniversary with 20 million users across Europe
- The challenger sees record demand with Irish user base doubling over the first half of the year
- The milestone was announced during bunq Update 29, alongside a user-guided app redesign
bunq, Europe’s second largest neobank, is celebrating the 10-year anniversary of its first app launch by surpassing 20 million users across Europe. This growth includes its Ireland-based users increasing by more than 50% in the first six months of the year. To mark the occasion, bunq has introduced a complete app redesign and a suite of new features, which is available to Irish users. The new app and milestone were revealed at the bunq Update 29 event in Amsterdam.
Shaped by extensive user feedback, the new design offers a cleaner interface and more intuitive navigation, making it easier for users to stay in control of their money. They can instantly access bunq’s most popular features in just a tap, including everyday Bank Accounts, Savings Accounts, Cards, Stocks and bunq Crypto.
“bunq was built to be the first bank people love to use,” says Ali Niknam, founder and CEO of bunq. “Ten years on, it’s truly amazing to see so many already saving, spending, and investing with us. Now, we’re taking this laser focus on our users globally, to make life easy for many more.”
The news follows bunq’s announcement on applying for a broker dealer license, fast-tracking its entry into the US market as part of its global expansion plans.
-ENDS-
- With 20 million users bunq has quickly grown to become Europe’s second largest neobank, with its popularity particularly growing in Ireland, recording 50% user growth here this year alone.
- Since launching its app 10 years ago and confirming its presence through local IBAN launch in Ireland from 2022, the challenger has revolutionized traditional banking by innovating and building products rooted in the wants and needs of its users – creating a bank that people truly love to use. This includes:
- Becoming Europe’s first AI-powered bank
- Expanding into stocks and crypto.
- bunq, the first bank to get a European banking permit in over 35 years, was the first to apply a sustainable growth strategy built on a user centric model, growing to become Europe’s second largest neobank. After nearly a decade of self-funding, bunq raised a record-breaking €193 million Series A round, the largest ever secured by a European fintech in 2021 and became the first EU neobank to achieve structural profitability at the end of 2022.
- Ten years on, bunq is proud to have reached 20 million users. But it’s not stopping anytime soon; the challenger is taking its laser-focused approach to users globally, having recently applied for a broker dealer license, fast-tracking its entry into the US market as part of its global expansion plans.
*Launch dates for IBANs: IE 2022 / ES 2021 / FR 2021 / DE 2021 / NL 2015