The Bank Slate


Dutch fintech bunq applies to open U.S. bank

Dutch neobank bunq BV has applied to open a bank in the U.S.

The bank applied with the Federal Deposit Insurance Corp. on Thursday for deposit insurance for bung US Bank, which would be based in New York. Bunq, which applied for a U.S. bank license earlier this year, would be regulated by the Office of the Comptroller of the Currency.

The application, which wasn’t immediately available, comes two months after bunq raised about $47 million in capital. The neobank has raised a total of $106 million this year. It brought in

The latest capital raise included Ali Niknam, Pollen Street Capital and Raymond Kasiman – it valued bunq at $1.75 billion. Bunq has more than 8 million users in Europe – with $4.8 billion of deposits.

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