One of the EU’s largest neobanks, bunq, has reached its tenth anniversary while hitting a major 20-million-user milestone. The challenger unveiled a new app design to mark the occasion.
bunq, Europe’s second-largest neobank, announced that it has surpassed 20 million users across Europe as it marks the 10th anniversary of its first app launch. The update was shared during the bunq Update 29 event in Amsterdam.
Considering the milestone, bunq is now the second neobank in Europe by the number of users. Its closest competitor, Revolut, has over 60 million clients, Monzo boasts 13 million customers, while N26 has around 10 million total registered accounts.
To coincide with the anniversary, bunq introduced a redesigned version of its app. Developed based on user feedback, the new interface aims to provide simpler navigation and faster access to key services, including bank accounts, savings, cards, stocks, and crypto.
The announcement comes shortly after bunq revealed plans to apply for a broker-dealer license to accelerate its entry into the US market as part of its ongoing international expansion. At present, the Dutch neobank is available in 30 EEA countries and is expanding its services to the UK.
Headquartered in Amsterdam, bunq aims to revolutionize banking by providing users with seamless and innovative financial solutions, including multi-currency savings accounts, crypto trading, and the ability to hold multiple International Bank Account Numbers (IBANs) on a single subscription, which empowers them to manage their money on their own terms. The company focuses on simplifying finances and giving users full control over their budget, mainly targeting digital nomads and location-independent individuals across the European Economic Area (EEA).
