Amsterdam’s fintech unicorn, bunq, earns whopping €53M profit and renews UK license.

January 30, 2024
1 min read

Amsterdam-based fintech unicorn bunq has reported a net profit of €53.1M in 2023, and plans to use this money to fuel its global expansion strategy. The company is applying for an E-Money Institution (EMI) license in the UK to extend its reach beyond the European Union. bunq is also awaiting a banking permit in the US. In addition, bunq has experienced substantial financial growth, with a 20% increase in gross fee income and a fourfold increase in user deposits in the final quarter of 2023 compared to the same period in 2022. The company attributes its success to its proven business model, rapid deposit growth, and robust technology platform.

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