FinTech: Dutch Neobank bunq To Raise $190M, Acquire Lending Platform

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FinTech: Dutch Neobank bunq To Raise $190M, Acquire Lending Platform

dailyalts

5 years ago

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Dutch digital banking challenger bunq, which offers a completely mobile-based, branch-free banking experience, is to raise €160 million ($190 million) at a €1.65 billion (nearly $2 billion) valuation. Pending regulatory approval, the transaction is an investment from an unnamed UK-based private equity company for 10% of Bunq’s equity. As part of the deal, bunq will also acquire a small business lender from the same investor.

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