25 September 2024

bunq debuts stock trading

Written By FinTech Alliance in FinTech

bunq debuts stock trading

bunq, the second largest neobank in Europe, launches Stocks, a new investment product tailored for digital nomads. This comes as bunq actively gains trust in Europe, reaching 14.5 million users.

Unlike traditional brokerages, bunq Stocks simplifies investment for beginners. It gives them access to a curated list of the most popular US and EU public companies and straightforward, global multi-asset ETFs through bunq’s partner Ginmon. With bunq, users will be able to open an investment account within seconds, and buy and sell stocks in fractional shares as low as €10. In the first three months, all trades are free.

Ali Niknam, founder and CEO of bunq: “Investing in stocks should be as effortless as making a payment or checking your balance. That's why we've designed the simplest way to start investing, allowing our users to buy shares of the world's most exciting companies in seconds.

The rise of digital nomads has challenged traditional notions of work and investment. According to bunq research, 47% of European digital nomads are already actively investing, while 41% are considering starting in the next 12 months. With over half of them investing for the long term (more than 5 years) and 57% preferring to invest on the go, monthly on average, digital nomads require a product tailored to their unique needs.

Initially available in the Netherlands and France, Stocks will be gradually launched throughout the rest of Europe. 

In addition to Stocks, which is rolling out as beta, bunq also announced several other updates at its bunq Update 26 event in Amsterdam. The neobank's AI money assistant, Finn, now can give ultra-personalized budgeting tips as well as recommend bars and restaurants in the area. Alongside this, bunq has introduced an eSIM for frequent travelers. Activated from the bunq app, the eSIM will give digital nomads uninterrupted internet access in 160+ countries, helping them save up to 90% on roaming costs.

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in FinTech

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

22 November 2024

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

22 November 2024

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

Zellis summit maps bold future of innovation

22 November 2024

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

21 November 2024

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00