Challenger bank Bunq has reached $1.9bn valuation following its most recent raise.
In Brief:
Bunq has raised $228mn in its Series A round.
Prior to this, the FinTech was self funded by founder Ali Niknam.
The round was led by Pollen Street Capital.
What does this mean?
This marks the largest Series A round for a European FinTech. Now, Bunq plans to acquire smaller companies in order to grow.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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