- Bunq’s profits have increased substantially, prompting renewed focus on U.S. expansion.
- The bank plans to reapply for a U.S. banking license and has opened a New York office.
What happened: Bunq reopens New York office and plans U.S. licence reapplication
Bunq, a Dutch digital bank known for its app-based services and focus on sustainability, has reported a substantial rise in annual profits, marking a key milestone in its growth trajectory. Building on this financial success, the company is now intensifying its efforts to enter the U.S. market—an expansion strategy it had previously paused.
As part of this renewed push, Bunq has reopened its office in New York City and confirmed plans to reapply for a U.S. banking licence. The move reflects Bunq’s ambition to tap into the world’s largest financial market and compete with established neobanks and traditional banking institutions by offering flexible, customer-centric services.
Also read: Neobank Bunq eyes UK market reentry, seeks banking licence
Also read: Dutch Fintech Leader bunq Nets Additional EU 44.5M In Thriving Growth Year
Why it’s important
Bunq’s expansion into the U.S. signifies its ambition to become a global player in digital banking. By entering the U.S. market, Bunq aims to tap into a large customer base and compete with established financial institutions, offering innovative banking solutions tailored to modern consumers.
