Neobank bunq Surpasses Nine Million Users across Europe

<p>bunq, the
second-largest neobank in the European Union, continues to rapidly grow its
user base across the continent. The challenger bank now boasts nine million
registered users and holds over €4.5 billion in user deposits. The growing
interest in the company's offering shows that the younger generation of
consumers and investors is looking for more flexible solutions that are
accessible anywhere.</p><p>bunq Reports Rising User
Base and Deposits</p><p>As one of
the first European neobanks to achieve profitability, bunq expanded its user
base from 5.4 million to 9 million in just over a year. The firm attributes 50%
of its revenue to user contributions through channels, such as subscription fees
and interest income. In the last four months, user deposits have doubled and are currently standing at €4.5 billion.</p><blockquote><p lang="en" dir="ltr">We’ve officially surpassed 9 million users and 4.5 billion euros in deposits!