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.

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.