Overview

• Bunq has applied for a U.S. broker-dealer license, marking the first step in its strategy to secure a full U.S. banking license later this year.
• The license will allow Bunq to offer most of its financial services in the U.S., excluding savings accounts, as it builds its presence in the competitive market.
• Bunq reported a 65% year-over-year profit increase, reaching €85.3 million, driven by growth in net interest and fee income.
• The neobank is preparing to re-enter the U.K. market to target an underserved segment of 2.8 million digital nomads, following its Brexit-driven exit in 2020.
• As Europe's second-largest neobank with 17 million customers, Bunq aims to expand globally while navigating challenges from established U.S. banks and fintech competitors.