bunq
ProviderEmbedded-finance provider tracked in the Embedded Finance Index — disclosed by 1 company across 1 category.
CategoriesBaaS
Rank#251 of 335 in BaaS
Buyers1 company
HeadquartersAmsterdam, Netherlands
Founded2012
FoundersAli Niknam
Raised~$367M
RegulatoryDenied · National bank
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Founders & story · from bunq’s own dossier
Founded 2012 by serial entrepreneur Ali Niknam (TransIP/Team.Blue founder), bunq received a Dutch banking license in 2014 — a rare full-stack neobank in Europe. Built a subscription-fee model (€3.99–€18.99/month) rather than relying on interchange or lending, focusing on digital nomads and international users across 30 European countries. Pivoting toward becoming a BaaS provider in 2024 via the Blockrise partnership, while continuing to push international growth with Wise-powered FX and Qover-embedded insurance.
Latest round: PE Growth (2023)
Recent developments
- 2026-08Denied · Corporate Decision 1384 (denial) · 2026-08-04 — bunq US Bank, National Association, national bank, OCC. Second attempt after withdrawing a 2023 application; US deposits for European nomads resident in the US. The OCC denied the application after its field investigation, noting the proposed holding company would be majority-owned by a single individual who also controls bunq B.V. [charter] source ↗
- 2024-05Launched worldwide travel insurance in partnership with Qover; hit 12.5M users and €8B deposits source ↗
- 2024Launched BaaS offering with Blockrise as inaugural partner for Bitcoin-friendly bank accounts source ↗
Charter application · Denied
bunq US Bank, National Association · National bank · OCC · New York, NY · filed 2026-01.
Denied · Corporate Decision 1384 (denial) · 2026-08-04
Second attempt after withdrawing a 2023 application; US deposits for European nomads resident in the US. The OCC denied the application after its field investigation, noting the proposed holding company would be majority-owned by a single individual who also controls bunq B.V.
Who uses bunq
1 company disclose bunq in their stack
The complete buyer list and each company’s full embedded-finance stack are in the
Embedded Finance Index report. Represent bunq? Claim this profile above to unlock your own full list.
Sample distribution — illustrative only, not bunq’s actual buyers.
🇺🇸 United States · 40🇬🇧 United Kingdom · 22🇩🇪 Germany · 14🇮🇳 India · 12🇫🇷 France · 9🇸🇬 Singapore · 7🇦🇺 Australia · 6🇧🇷 Brazil · 5+2 more
What bunq runs on · from its own dossier
The third-party providers bunq itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose bunq.
Alternatives to bunq
Other BaaS providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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