Bunq becomes profitable

The Dutch neo-bank Bunq recently reported its results for the year 2021. Its dynamism is confirmed and Bunq becomes one of the few neo-banks to report an operating profit.


  • At the presentation of its results for the year 2021, Bunq therefore wanted to emphasize that it had managed to record its first operating profits.
  • And the neo-bank attributes this success to its subscription model, which has generated a 76% increase in revenues. For the year 2021, they will amount to 32.7 million euros compared to 18.5 million euros in 2020.
  • Bunq’s total customer deposits now stand at 1.1 billion euros, up 35% from the previous year.
  • Thanks to its environmentally responsible approach, Bunq can also boast that its customers have planted nearly 5.5 million trees.
  • Bunq is now valued at 1.6 billion euros. The company has 358 employees in Germany, France and Spain (and also in Ireland since the beginning of 2022).


  • The fruits of its dynamism: If Bunq is able to post this type of result today, it is because the neo-bank is reaping the benefits of efforts made over the past several months on various fronts. First, in terms of diversification, with the launch of a real estate loan offer in December 2021. Secondly, thanks to a buyout policy, Bunq has acquired the Belgian FinTech Tricounta specialist in expense sharing, earlier this year.
  • Consolidate its status: The acquisition of Tricount allowed Bunq to establish itself as the second largest neo-bank in Europe, behind Revolut. The announcement of its profits therefore reinforces its new status as the absolute reference in its sector.


  • If the FinTech and neo-banking market has long been marked by a paradox between their success and their lack of profitability, the situation seems to have changed.
  • Various brands have since announced that they have finally passed this strategic milestone, such as Revolut, Starling Bank or Qonto. TransferWise remained a model of success until then, as did Bunq’s compatriot Adyen, which even took the liberty of chasing Société Générale out of the Euro Stoxx 50 in September 2020.
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