Bunq, an Amsterdam-based challenger bank, turned 5 on November 24th. Founded in 2012, Ali Niknam set out to radically change the traditional banking industry and create what we call today the bank of The Free.
Fast-forwarding 2020, bunq is an independent bank that offers mobile banking with no branch visits, no queues, no paperwork. Users can share bank accounts with whomever they want and pay with worldwide Maestro and Mastercards wherever they go. It is also the first challenger bank to be included in the Dutch Fair Finance Guide (2020 edition), with an all-time high score for a newcomer on the list.