After historic funding round in July, the Amsterdam-based challenger bank continues its quest to conquer new European markets with Spanish IBANs and multi-currency features
Amsterdam, September 1, 2021 - After announcing the largest series A funding round ever secured by a European fintech earlier in the year, bunq today launched Update 18, another step on the company’s path to becoming a truly cross-European digital bank.
All new and existing bunq users in Spain can now receive a Spanish IBAN, allowing them to use their bunq accounts to the fullest from Seville to Santander, following the introduction of German IBANs in April and French IBANs in June.
Another new feature allows all bunq users with a bank account to add IBANs from multiple European countries to their bunq app: the perfect tool for any international lifestyle.
And, in a first for the challenger bank, bunq has introduced its new ‘Local Currencies’ feature, giving users the ability to receive, convert, hold and spend non-euro currencies without having to leave the bunq app.
The features were designed after 70% of potential bunq users told the bank that the multi-IBAN and multi-currency features were ‘very’ or ‘extremely’ important to them when deciding where to bank.
Ali Niknam, CEO and founder of bunq, says: “At bunq we’re constantly thinking about new ways to make life easier for people. When potential users tell us something that’s important to them, we build it! More IBANs and more currencies means more opportunity for our users to bank like a local.”
- All subscriptions in one clear overview, with reminders for when a subscription is about to expire.
- Tailored support from our dedicated team who can now mirror a user’s in-app experience, showing them exactly how to find what they need.
- A new search function accessible from anywhere in the app, allowing users to get to any feature, setting or payment in no time at all.
bunq Update 18 is now available in the Google Play Store and the Apple App Store. For more information, go to https://www.bunq.com/.
About bunq
Founded in 2012 by serial entrepreneur Ali Niknam, bunq has brought lasting change to the European banking industry. By having its users at the heart of the business and building a product rooted in their wants and needs, bunq quickly scaled to become the second largest neobank in Europe. Serving digital nomads across Europe, bunq makes life easy for location-independent people and businesses starting from the way they manage money: how they spend, save, budget and invest.
Pioneering many things considered impossible, bunq was the first bank to get a European banking permit in over 35 years, raised the largest series A round ever secured by a European fintech (€193 million), and was the first EU neobank to achieve structural profitability at the end of 2022. On its mission to build the first global neobank for digital nomads, in April 2023, bunq announced its bid to enter the US market by applying for a banking license.
Contact details
Related topics
Related news
bunq becomes first digital bank in Europe to offer mortgages
In industry-first the Dutch fintech will start to offer mortgages to its users from early next year, as it seeks to challenge traditional banks’ grip on the home-lending market
Regulator approves largest series A round in European fintech history
De Nederlandsche Bank (DNB) green-lights deal valuing bunq at €1.6 billion and bringing external capital into the company for the first time
bunq announces the planting of 5 million trees by users
As the world gathers for COP 26, the Dutch challenger bank has confirmed its own contribution to the fight against climate change, while being recognised for its green efforts to date.
bunq launches ‘Local Currencies’ to enable global citizens to bank without borders
European challenger bank introduces multi-currency accounts as countries ease travel restrictions