bunq Hits 14.5M Users & Launches Stock Trading for Digital Nomads
Hey FinTech Fanatic!
I’m currently in Barcelona, where I was invited by our sponsor, Checkout.com, for the Thrive event, supporting our newly announced FinTech Running Club.
We had a fantastic run yesterday morning, and I’m excited to log a few more miles today.
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Now, onto today’s news update, coming from my hometown of Amsterdam:
Bunq, Europe’s second-largest neobank, has launched a new investment feature called “Stocks,” aimed specifically at digital nomads. With this new product, Bunq continues to grow its presence across Europe, now serving 14.5 million users 🤯
Bunq’s new Stocks platform offers a beginner-friendly way to invest, differing from traditional brokerages by focusing on simplicity and ease of use. Users can invest in fractional shares of leading US and EU companies, as well as multi-asset ETFs through a partnership with Ginmon.
Users can start trading with as little as €10. For the first three months, all trades are commission-free.
The growth of digital nomadism has reshaped how people work and invest. Bunq’s research shows that nearly half of European digital nomads are already investing, with another 41% planning to start within a year.
Initially, Stocks will be available in the Netherlands and France, with plans for a broader European rollout.
The infrastructure for fractional trading is powered by Upvest, ensuring secure and efficient transactions.
During the bunq Update 26 event in Amsterdam, the neobank also introduced other new features, including its AI-powered money assistant, Finn, which now provides personalized budgeting advice as well as recommendations for local bars and restaurants.
Additionally, bunq rolled out an eSIM feature for frequent travelers, offering internet access in over 160 countries and savings of up to 90% on roaming costs.
Cheers,
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The neobank has also introduced an eSIM for frequent travelers. The announcement was also made on its 'bunq update 26' event: Activated from the bunq app, the eSIM will give digital nomads uninterrupted internet access in 160+ countries, helping them save up to 90 percent on roaming costs.
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