The deal, first reported by Dutch newspaper Het Financieele Dagblad, is said to be for €160m at a €1.65bn price tag—a sizable jump from the group’s last €10m fundraise in 2018, which came solely from CEO Ali Niknam.
Earlier this year Bunq reached €1bn in user deposits, a doubling over the last year, and now operates in all EU countries plus the UK.
According to Het Financieele Dagblad the funding round is pending regulatory approval as the Dutch financial regulator will need to greenlight the deal, which also reportedly involves Bunq acquiring an SME lender from the private equity firm’s portfolio.
There are many questions as to what this deal means for Bunq, a challenger bank that has never disclosed the size of its European customer base nor its revenue or profitability, and has been bootstrapped by Niknam.
Source: altfi.com
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
