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Topic summary

Bunq

Bunq

Bunq B.V. (English: , Dutch:; stylized in all lowercase), is a fintech and neobank licensed in the Netherlands and operating within 30 European countries. It is headquartered in Amsterdam.

The company was founded in 2012 by entrepreneur Ali Niknam, the founder of the web hosting provider TransIP and Team.Blue. Bunq offers both personal and business bank accounts, and a public API. In 2021, the company secured a record high Series A round giving it unicorn status. In 2022, it purchased Belgium-based fintech organisation Tricount, making it the second largest neobank in the European Union.

Bunq has been subject to scrutiny from customers, the press and its own employees. It has been also subjet to controversies and court cases over its anti-money laundering controls, employee access to data and its contact with people who criticised the bank online or edited its Wikipedia page.