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Bunq founder, Ali Niknam shared some of the Dutch neobank unicorn's secrets, as well as elaborating on the bank's 2022 financials, during a packed session at Money 20/20 Europe.
Niknam revealed that quarterly profitability for Bunq was achieved at the end of 2022, despite the distraction of a landmark battle (which Bunq subsequently won) with the Dutch regulator over best practise when onboarding new customers for AML / KYC.
The next battle for Bunq is the US, where it will avoid an acquisition strategy and instead aim to get licensed and build from the ground up.
Full report below:
IdeaSpies
David Hauser @ Silicon Beach