{"id":16290,"date":"2025-04-15T15:42:21","date_gmt":"2025-04-15T15:42:21","guid":{"rendered":"http:\/\/TheNextWeb=1413086"},"modified":"2025-04-15T15:42:21","modified_gmt":"2025-04-15T15:42:21","slug":"dutch-neobank-bunq-accelerates-us-expansion-plan-after-second-year-of-profitability","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=16290","title":{"rendered":"Dutch neobank Bunq accelerates US expansion plan after second year of profitability"},"content":{"rendered":"\n
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Dutch neobank Bunq, Europe\u2019s second-largest digital bank, is gearing up to expand across the Atlantic. The fintech company has filed for a broker-dealer licence with US regulators, completing the first phase of its two-step expansion strategy.<\/span><\/p>\n

The licence will allow Bunq to offer American users investment options \u2014 stocks, ETFs, and mutual funds \u2014 alongside cash management tools. These will include features like automatic transfers and Mastercard-backed debit cards.<\/span><\/p>\n

However, Bunq isn\u2019t diving into the deep end just yet. This phased approach lets the company gather real-world data<\/a> and user feedback before it applies for a full US banking licence later this year, Bunq said.<\/span><\/p>\n

A US banking licence would let Bunq operate like a fully regulated American bank. It would be able to offer checking and savings accounts, hold deposits directly, and issue credit.<\/span><\/p>\n

Ali Niknam, Bunq\u2019s founder and CEO \u2014 who will share his company\u2019s story at TNW Conference<\/a> on June 20 \u2014 said the move aligns with his mission to serve a growing base of \u201clocation-independent\u201d users: digital nomads, expats, remote workers, and global entrepreneurs. <\/span><\/p>\n

Like most neobanks, Bunq doesn\u2019t have physical branches. Instead, its customers do their banking fully online.<\/span><\/p>\n

\u201cOur users live an international lifestyle, and they need a bank that\u2019s global too,\u201d said Niknam. \u201cToday\u2019s step brings us closer to making that vision a reality.\u201d <\/span><\/p>\n

Amsterdam-based Bunq has already seen rapid growth in Europe, where it now counts 17 million users. The company also reported \u20ac85.3mn in profit for 2024 \u2014 marking its second consecutive year of profitability and a 65% jump from the previous year. <\/span><\/p>\n

Bunq said it plans to reinvest those profits into its international expansion, with the US a key target.<\/span><\/p>\n

At <\/span>TNW Conference<\/span><\/a>, <\/span>Ali Niknam will explain how he built a bank that moves at startup speed. The event<\/span><\/em> takes place on June 19-20 in Amsterdam \u2014 and tickets are<\/span> now <\/span>now on sale<\/span><\/a>. Use the code TNWXMEDIA2025 at the check-out to get 30% off the price tag.<\/span><\/em><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dutch neobank Bunq, Europe\u2019s second-largest digital bank, is gearing up to expand across the Atlantic. The fintech company has filed for a broker-dealer licence with US regulators, completing the first phase of…<\/p>\n","protected":false},"author":1,"featured_media":16291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/16290"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16290"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/16290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/16291"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}