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The Netherlands' newest bank Bunq launced on Nov 25th, 2015 (Photo: @bunq/Twitter) - Credit: The Netherlands' newest bank Bunq launced on Nov 25th, 2015 (Photo: @bunq/Twitter)
Business
Ali Niknam
banking licence
Bunq
IT startup
Thursday, 26 November 2015 - 13:45
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New bank Bunq pledges to be WhatsApp for financial services

The Netherlands first so-called FinTech bank launched on Wednesday. And Bunq, described as an IT startup with a banking licence, pledges to become the WhatsApp for the financial services. With the Bunq app you can pay your friends, send photos of transfers and share an account in a group, RTL Nieuws reports. You can also do traditional banking things, like withdraw money from an ATM by applying for a debit card. Founder Ali Niknam claims that he will make Bunq "the WhatsApp of paying each other", NU reports. This is the Netherlands first new independent bank with a banking licences in ten years. Bunq launched as a trial among a thousand people in September. The trial succeeded and the bank is now open to everyone. According to Niknam, he is getting a new customer almost every minute. Bunq is initially focusing on individual banking, but plans to expand into business services in the future.

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