Dutch challenger bank raises $228 million

Netherlands-based challenger bank Bunq has raised $228 million (€193 million.)

According to a report by TechCrunch, the company’s founder Ali Nikham participated in the round, investing around $29.5 million (€25 million.)

The rest of the money has been invested by Pollen Street Capital.

The Dutch bank, founded in 2012, is also acquiring Capitalflow Group, an Irish lending company that was previously owned by Pollen Street.

The investment puts the company at a $1.9 billion valuation, according to the online newspaper.

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