Bunq’s Gross User Fee Income Increases 76% in 2021

0
19

Bunq, one of the fastest growing new banks, today announced its financial results for 2021. The gross user fee for the reported period touched 32.7 million euros, which is 76% higher compared to 18.5 million euros in 2020.

Net fee income reached € 23.1 million. Despite a difficult environment across the global economy, Bunq witnessed a decent increase in the total number of customer deposits as the number increased from € 813 million in 2020 to more than € 1.1 billion in 2021.

“As a fully self-financed bank until 2021, we have always maintained the freedom and independence to reconcile our business reality with the happiness of our users. It has allowed us to focus on building La Libera’s bank instead of being distracted by immediate profits. It has allowed us show the world that user happiness, sustainability and growth are not competing factors, but joining forces.In 2021 we found a related spirit in Pollen Street Capital.They are an investor specializing in the financial industry and have become a shareholder in the first round of bunq investment , ”highlighted the fintech company in its recent. report.

Last year, Bunq raised $ 228 million in its Series A financial round. With a valuation of approximately $ 1.9 billion, Bunq is one of the most valuable European fintech companies.

Europe

Europe is home to some of the world’s most innovative financial technology companies, including start-ups. Bunq has expanded its presence across various countries within the EU region over the past year. Earlier this year, the company entered the Irish market.

“Bunq continued to leverage a green impact through both personal and commercial banking products. By the end of 2021, the bunq community had planted 5.5 million trees. In addition, the company managed to reduce its CO2 impact by FTE from 0.96 tCO in 2020 to 0.88 tCO in 2021, ”the company added.

Bunq, one of the fastest growing new banks, today announced its financial results for 2021. The gross user fee for the reported period touched 32.7 million euros, which is 76% higher compared to 18.5 million euros in 2020.

Net fee income reached € 23.1 million. Despite a difficult environment across the global economy, Bunq witnessed a decent increase in the total number of customer deposits as the number increased from € 813 million in 2020 to more than € 1.1 billion in 2021.

“As a fully self-financed bank until 2021, we have always maintained the freedom and independence to reconcile our business reality with the happiness of our users. It has allowed us to focus on building La Libera’s bank instead of being distracted by immediate profits. It has allowed us show the world that user happiness, sustainability and growth are not competing factors, but joining forces.In 2021 we found a related spirit in Pollen Street Capital.They are an investor specializing in the financial industry and have become a shareholder in the first round of bunq investment , ”highlighted the fintech company in its recent. report.

Last year, Bunq raised $ 228 million in its Series A financial round. With a valuation of approximately $ 1.9 billion, Bunq is one of the most valuable European fintech companies.

Europe

Europe is home to some of the world’s most innovative financial technology companies, including start-ups. Bunq has expanded its presence across various countries within the EU region over the past year. Earlier this year, the company entered the Irish market.

“Bunq continued to leverage a green impact through both personal and commercial banking products. By the end of 2021, the bunq community had planted 5.5 million trees. In addition, the company managed to reduce its CO2 impact by FTE from 0.96 tCO in 2020 to 0.88 tCO in 2021, ”the company added.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here