bunq secures $111m in growth capital with fresh $49m boost
By Gloria Methri
In February, bunq said it recorded its first quarterly profit as its net fee income grew by 37% to the last quarter of 2021, and user deposits grew by 64%, to €1.8 billion at the end of 2022.
The company has also been adding partnerships and announcing expansion plans. Earlier this month, bunq added cashback (up to 2%) and savings interest in multiple currencies to its offerings. It offers 1% cash back on food and drinks to Easy Money and Easy Green users, and 2% back on public transportation to Easy Green users.
In April, the neobank applied for a New York banking license with the Federal Deposit Insurance Corporation (FDIC) to bring its solutions to the United States.
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