After 10 Years, Bunq Reaches 20 Million Users But Remains Far Behind Revolut

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Digital
bank bunq reached 20 million users across Europe as the Amsterdam-based
company marked ten years since launching its first mobile app.

The user
milestone coincided with bunq’s latest app update, unveiled this week at
the company’s Update 29 event in Amsterdam. The neobank modified
its mobile interface based on customer input, wanting to ease
access to banking services, investment products and
cryptocurrency trading.

“bunq
was built to be the first bank people love to use,” said
Ali Niknam, the company’s founder and CEO. “Ten years
on, it’s truly amazing to see so many already saving, spending,
and investing with us.”

The
redesigned app provides direct access to bunq’s core services through
simplified navigation. Users can reach bank accounts, savings products,
payment cards, stock trading and crypto services with fewer taps
than the previous version.

bunq’s User
Growth Accelerates Across European Markets

bunq’s 20
million user count positions it as Europe’s second-largest neobank by customer
base. The company has expanded its reach through
multiple product launches over the past year, including
cryptocurrency trading services that launched in six
European Union countries earlier this year.

The crypto
offering puts bunq in direct competition with rival neobank
Revolut, which has dominated European digital banking. Bunq’s crypto
platform allows users to trade popular digital assets
alongside traditional banking services within a single app.

US Expansion Plans Take
Shape

The user
milestone announcement follows bunq’s recent application
for a US broker-dealer license, which would enable the company to
offer investment services to American customers. The
regulatory filing represents a new step in bunq’s plans to
expand beyond its European base.

Bunq has
also launched
stock trading services targeting digital nomads and
internationally mobile customers. The investment platform
allows users to trade equities while managing their
banking needs through the same mobile app.

The company
reported 65% profit growth in its most recent financial results,
indicating strong momentum as it pursues geographic expansion.
Niknam said bunq plans to extend its user-focused approach to global
markets.

This article was written by Damian Chmiel at www.financemagnates.com.

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