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Pavlo Gonchar - 2 Ali Niknam - 2 Niknam - 2 Bunq - 1 Britain's - 1 Coinbase - 1 Klarna - 1 Bunq's Niknam - 1
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Search resuls for: "Bunq"


5 mentions found


☆ Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
  + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads." "Bunq focusses on digital nomads who tend to roam the world," Ali Niknam, Bunq's CEO and co-founder, told CNBC via emailed comments. And in the U.K., Bunq is awaiting a decision from financial regulators on an application to become a licensed e-money institution, or EMI. Many of these positions will be part of a "tailored digital nomad" program that allows staff to work from anywhere in the world, Bunq said. Bunq earlier this year reported its first full year of profitability, generating 53.1 million euros ($58.51 million) in net profit in 2023.
Persons: Pavlo Gonchar, Bunq, Britain's, Ali Niknam, Niknam, Coinbase, Klarna, Bunq's Niknam Organizations: Getty Images, CNBC, European Union, U.S, EMI, PayPal Locations: United States, Amsterdam, Sofia, Istanbul, Munich, Paris, Dublin, Madrid, London, New York City
☆ Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
  + stars: | 2024-06-03 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads." Bunq, known for its rainbow-colored cards and a focus on so-called "digital nomads" not bound by any one country or location, initially launched in the U.K. in 2019. The passage of Brexit into law meant that EU-based financial institutions couldn't rely on their own country authorizations to operate in the U.K. market. Currently, Bunq only holds a banking license with the Dutch central bank. Challenges of reentering UK market
Persons: Pavlo Gonchar, Ali Niknam, it's, Niknam Organizations: Getty, PARIS, CNBC, Viva Tech, reentering Locations: Europe, Paris, U.K
☆ Frank's founder just got hit with federal charges, but questions remain about JPMorgan's handling of the deal
  + stars: | 2023-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
Drop any Wall Street (or non-Wall Street) questions you have for me here. A quick refresher: JPMorgan accused Javice of juicing Frank's customer numbers in a lawsuit filed at the end of last year. Prosecutors charged Javice with wire fraud affecting a financial institution, securities fraud, bank fraud, and conspiracy. I've joked about it before, but Taylor Swift really should teach a class on this stuff for Wall Street. It's not the president or Wall Street or Congress that's to blame.
☆ Dutch online bank Bunq applies for U.S. banking licence
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +2 min
AMSTERDAM, April 4 (Reuters) - Bunq BV, a prominent European online banking start-up, formally filed for a banking licence with U.S. regulators on Tuesday, the company's CEO told Reuters in an interview. Bunq raised $228 million at a $1.9 billion valuation in 2021. Bunq, which competes with Britain's Revolut and Germany's N26, said that as of March 14, it had deposits of around 2.3 billion euros, up 27% from 1.8 billion euros at the end of 2023. Bunq offers savers in its native Netherlands 1.56% interest on deposits, a percentage point above rates offered by the three big banks that dominate Dutch banking, ING, ABN Amro and Rabobank. Bunq makes some mortgage loans but keeps more than half of its reserves at the European Central Bank's deposit facility, which Niknam said should reassure depositors.
☆ Dutch neobank Bunq files application for US banking license as it tries to succeed where many European fintechs have struggled
  + stars: | 2023-04-04 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Dutch banking startup Bunq has launched its application for a US banking license. Dutch banking startup Bunq has launched its application for a US banking license, looking to succeed where others have failed. Europe's biggest fintech startups have pursued US banking licenses but very few have succeeded to date. The cost and difficulty of gaining approval from the FDIC is a huge barrier to entry, leading to many fintech startups to partner up with already registered institutions instead. Niknam said Bunq had the advantage of holding an EU-wide banking license through the Dutch regulator, becoming the first institution to achieve one in 35 years in 2014.
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