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Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year

by Editor June 3, 2024, 5:29 am 2k Views

Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year

Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.”

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

PARIS — Dutch digital bank Bunq is hoping it will manage to secure a banking license from U.K. financial regulators later this year or early next year, the firm’s CEO and founder Ali Niknam told CNBC.

“I hope we’ll get somewhere by the end…

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