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    Home » Bunq accelerates U.S. expansion as profits surge​
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    bunq
    Fintech

    Bunq accelerates U.S. expansion as profits surge​

    By Juno chenApril 16, 2025No Comments2 Mins Read
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    • 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.​

    banking license Bunq digital banking Fintech New York office U.S. expansion
    Juno chen

    Juno Chen is an intern reporter at BTW Media. Having studied Media and Data Analytics at the University of Sydney. She specialised in industry insights Contact her at j.chen@btw.media.

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