08 December 2021
Written By FinTech Alliance
Bunq, a Dutch FinTech, has been given the go-ahead by the regulator to close a €193mn funding round.
In Brief:
Bunq is a challenger bank with a sustainability angle.
The funding comes from Pollen Street Capital, a UK-based private equity firm.
The latest round brings Bunq’s valuation to €1.6bn.
What does this mean?
Bunq intends to use the new funding to grow its Netherlands-based business across Europe – so far, it has opened offices in Paris and Cologne and purchased Irish lender Capitalflow.
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