The net financial institution bunq raised 193 million euros with a valuation of 1.6 billion. Pollen Avenue Capital and founder and CEO Ali Niknam participated on this spherical of financing. FD had already revealed the financing state of affairs final month, however then talked about 160 million yuan.
As a part of the financing, the Amsterdam-based firm is buying Capitalflow Group, a personal Irish lender.
The corporate was based in 2012 by Ali Niknam, who invested US$98.7 million in bunq out of his pocket, and is the one challenger financial institution that has entered 30 European markets with no penny of enterprise capital. The primary exterior capital permits bunq to develop by acquisitions or mergers.
The financial institution reported that in an business the place profitability is much from apparent, bunq has achieved its first worthwhile month. The entire property held exceed 1 billion euros.
bunq is at the moment out there in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Eire, Bulgaria, Croatia, the Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom, Norway and Iceland.