From CNBC: 2025-04-15 08:00:00

Dutch digital bank Bunq eyes re-entry into the UK market to serve 2.8 million “digital nomads.” CEO Ali Niknam files for broker-dealer registration in the U.S. for further expansion across the Atlantic. Bunq plans to offer most services in the U.S., except for savings accounts, after securing authorization.

Bunq reports a 65% rise in profit to 85.3 million euros, driven by increased net interest and fee income. The bank, like peers N26 and Monzo, benefits from high interest rates but focuses on operational efficiency. Bunq CEO Niknam remains optimistic despite potential interest rate declines, pointing to a diversified revenue mix and new features.

Bunq previously withdrew a U.S. Federal bank charter application due to regulatory issues. The company plans to resubmit for a full banking license later this year. Despite competition from established giants like JPMorgan Chase and Bank of America, Bunq aims to carve out a niche in the U.S. market.

Read more: Digital bank Bunq accelerates US expansion effort as profit jumps