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After 10 Years, Bunq Reaches 20 Million Users But Remains Far Behind Revolut

Wednesday, 10/09/2025 | 06:43 GMT by Damian Chmiel

  • The milestone comes as the company pursues US market entry through a broker-dealer application.
  • Currently, bunq is the second-largest challenger bank in the EU, surpassing N26 and Monzo.

bunq team during Update 29 event in Amsterdam

bunq team during Update 29 event in Amsterdam

Digital bank bunq reached 20 million users across Europe as the Amsterdam-based company marked ten years since launching its first mobile app.

The user milestone coincided with bunq’s latest app update, unveiled this week at the company’s Update 29 event in Amsterdam. The neobank modified its mobile interface based on customer input, wanting to ease access to banking services, investment products and cryptocurrency trading.

Ali Niknam

“bunq was built to be the first bank people love to use,” said Ali Niknam, the company’s founder and CEO. “Ten years on, it’s truly amazing to see so many already saving, spending, and investing with us.”

The redesigned app provides direct access to bunq’s core services through simplified navigation. Users can reach bank accounts, savings products, payment cards, stock trading and crypto services with fewer taps than the previous version.

bunq’s User Growth Accelerates Across European Markets

bunq’s 20 million user count positions it as Europe’s second-largest neobank by customer base. The company has expanded its reach through multiple product launches over the past year, including cryptocurrency trading services that launched in six European Union countries earlier this year.

The crypto offering puts bunq in direct competition with rival neobank Revolut, which has dominated European digital banking. Bunq’s crypto platform allows users to trade popular digital assets alongside traditional banking services within a single app.

Rank

Neobank

User Count (millions)

Headquarters

Key Markets

Year Founded

1

Revolut

60.0

United Kingdom

Europe, North America, Latin America, Middle East

2015

2

Bunq

20.0

Netherlands

Europe

2015

3

Monzo

12.2

United Kingdom

United Kingdom

2015

4

N26

4.8

Germany

Europe

2013

5

Starling Bank

3.5

United Kingdom

United Kingdom

2014

US Expansion Plans Take Shape

The user milestone announcement follows bunq’s recent application for a US broker-dealer license, which would enable the company to offer investment services to American customers. The regulatory filing represents a new step in bunq’s plans to expand beyond its European base.

Bunq has also launched stock trading services targeting digital nomads and internationally mobile customers. The investment platform allows users to trade equities while managing their banking needs through the same mobile app.

The company reported 65% profit growth in its most recent financial results, indicating strong momentum as it pursues geographic expansion. Niknam said bunq plans to extend its user-focused approach to global markets.

Digital bank bunq reached 20 million users across Europe as the Amsterdam-based company marked ten years since launching its first mobile app.

The user milestone coincided with bunq’s latest app update, unveiled this week at the company’s Update 29 event in Amsterdam. The neobank modified its mobile interface based on customer input, wanting to ease access to banking services, investment products and cryptocurrency trading.

Ali Niknam

“bunq was built to be the first bank people love to use,” said Ali Niknam, the company’s founder and CEO. “Ten years on, it’s truly amazing to see so many already saving, spending, and investing with us.”

The redesigned app provides direct access to bunq’s core services through simplified navigation. Users can reach bank accounts, savings products, payment cards, stock trading and crypto services with fewer taps than the previous version.

bunq’s User Growth Accelerates Across European Markets

bunq’s 20 million user count positions it as Europe’s second-largest neobank by customer base. The company has expanded its reach through multiple product launches over the past year, including cryptocurrency trading services that launched in six European Union countries earlier this year.

The crypto offering puts bunq in direct competition with rival neobank Revolut, which has dominated European digital banking. Bunq’s crypto platform allows users to trade popular digital assets alongside traditional banking services within a single app.

Rank

Neobank

User Count (millions)

Headquarters

Key Markets

Year Founded

1

Revolut

60.0

United Kingdom

Europe, North America, Latin America, Middle East

2015

2

Bunq

20.0

Netherlands

Europe

2015

3

Monzo

12.2

United Kingdom

United Kingdom

2015

4

N26

4.8

Germany

Europe

2013

5

Starling Bank

3.5

United Kingdom

United Kingdom

2014

US Expansion Plans Take Shape

The user milestone announcement follows bunq’s recent application for a US broker-dealer license, which would enable the company to offer investment services to American customers. The regulatory filing represents a new step in bunq’s plans to expand beyond its European base.

Bunq has also launched stock trading services targeting digital nomads and internationally mobile customers. The investment platform allows users to trade equities while managing their banking needs through the same mobile app.

The company reported 65% profit growth in its most recent financial results, indicating strong momentum as it pursues geographic expansion. Niknam said bunq plans to extend its user-focused approach to global markets.

Damian Chmiel

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Damian’s adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

  • 2806 Articles
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