European fintech company Bunq raises $228 million

Amsterdam-based financial technology firm, Bunq recently announced that the company has secured €193 million ($228 million) in the Series A funding round led by the UK-based Pollen Street Capital.

According to an official announcement, the latest financing is the largest Series A funding round for a European fintech firm. Additionally, the Founder and CEO of Bunq, Ali Niknam participated in the round with an investment of approximately €25 million ($29.5 million).

In addition to the latest Series A funding round, the Amsterdam-based challenger bank is acquiring Capitalflow Group, an Irish lending company, as part of the deal with Pollen. Capitalflow Group was previously owned by Pollen Street Capital.

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Source: European Fintech Company Bunq Raises $228 Million | Finance Magnates