![](https://img-cdn.tnwcdn.com/image?fit=796%2C417&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2024%2F01%2Fbunq-neobank-profit-europe-fintech.jpg&signature=6648120baf537275fd5ee3f09fe82305)
Dutch challenger bank bunq has reported its first full year of profit, a welcome cash cushion as the company plans its UK relaunch. Bunq, which is Europe’s second largest neobank, said it made €53.1mn in net profit in 2023, a dramatic jump from the €16.5mn loss it incurred the year previous. Riding this momentum, bunq has now submitted its application for an E-Money Institution (EMI) licence in the UK, three years since Brexit invalidated the one it had. “The UK is home to the second-highest number of digital nomads globally, so naturally, we want to be there,” said bunq founder…
This story continues at The Next Web
from The Next Web https://ift.tt/bqNy8Mv
Comments
Post a Comment