European challenger bank bunq joins forces with early-stage VC, Antler, to act as a banking partner for Antler’s innovative portfolio of startups in the Netherlands This partnership will ensure Antler’s startups simply manage the financial aspect of their business and gain back valuable time to build tech that can help battle COVID-19.
Bunq was founded in 2012 by Ali Niknam (1981) in Amsterdam, who managed to get the first European banking permit in over 35 years. He set out to radically change the traditional banking industry and, as its sole investor, invested €44.9m in bunq. bunq’s latest publicly available number of user deposits is €433,410,761 based on the deposits in December 2019. Throughout 2019 the total amount of user deposits doubled and is increasing every day. The company is currently running in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, the United Kingdom and Norway and Iceland.