bunq debuts stock trading

• The neobank takes complexity out of investing, allowing digital nomads to invest in the most popular stocks and ETFs

• Users will trade for free for the first three months

• bunq breaks through 14.5 million users across Europe, cementing its position as a the second largest European neobank

Amsterdam, September 24, 2024 – bunq, the second largest neobank in Europe, launches Stocks, a new investment product tailored  for digital nomads. This comes as bunq actively gains trust in Europe, reaching 14.5 million users.

Unlike traditional brokerages, bunq Stocks simplifies investment for beginners. It gives them access to a curated list of the most popular US and EU public companies and straightforward, global multi-asset ETFs through bunq’s partner Ginmon. With bunq, users will be able to open an investment account within seconds, and buy and sell stocks in fractional shares as low as €10. In the first three months, all trades are free.

Ali Niknam, founder and CEO of bunq: “Investing in stocks should be as effortless as making a payment or checking your balance. That's why we've designed the simplest way to start investing, allowing our users to buy shares of the world's most exciting companies in seconds.”

The rise of digital nomads has challenged traditional notions of work and investment. According to bunq research, 47% of European digital nomads are already actively investing, while 41% are considering starting in the next 12 months. With over half of them investing for the long term (more than 5 years) and 57% preferring to invest on the go, monthly on average, digital nomads require a product tailored to their unique needs.

Initially available in the Netherlands and France, Stocks will be gradually launched throughout the rest of Europe. Upvest provides the investment infrastructure for fractional trading and custodial services, ensuring efficient and secure transactions for end users.

In addition to Stocks, which is rolling out as beta, bunq also announced several other updates at its bunq Update 26 event in Amsterdam. The neobank's AI money assistant, Finn, now can give ultra-personalized budgeting tips as well as recommend bars and restaurants in the area. Alongside this, bunq has introduced an eSIM for frequent travelers. Activated from the bunq app, the eSIM will give digital nomads uninterrupted internet access in 160+ countries, helping them save up to 90% on roaming costs.