Deposits from customers of Bunq 2017-2019
The total value of deposits from customers of Fintech bank platform Bunq reached over 433 million euos in 2019, increasing more than fourfold since 2017. Bunq is a mobile start-up with a banking license in the Netherlands. The company created an app which connects online banking with social activities as can be found in an application like WhatsApp. The app is connected to the contact list on one's mobile phone. After depositing money from your bank account on the account of Bunq it is then possible to use to app to send payment requests to your "friends", to "app" them money or to make special chat groups.
Bunq is often mentioned as one of several examples of Fintech in the Netherlands, with Adyen, the Amsterdam-based payments provider for Netflix, Facebook, Uber and Spotify, being another. Adyen is widely regarded as one of the few European fintech "unicorns", a venture capital-backed, private business worth over one billion U.S. dollars. In 2018, Adyen's net revenue reached 349 million euros.
Bunq is often mentioned as one of several examples of Fintech in the Netherlands, with Adyen, the Amsterdam-based payments provider for Netflix, Facebook, Uber and Spotify, being another. Adyen is widely regarded as one of the few European fintech "unicorns", a venture capital-backed, private business worth over one billion U.S. dollars. In 2018, Adyen's net revenue reached 349 million euros.
