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Home Challanger banks Jon Fath becomes new chief operating officer in bunq

Jon Fath becomes new chief operating officer in bunq

Jon Fath has been previously CEO of logistics automation group Transmetrics and has just become the new COO of digital bank Bunq.

Jon has also worked at HNA Capital, which is the financial services division of Chinese conglomerate HNA.

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The Amsterdam-based challenger bunq announced that British investor Pollen Street Capital is investing 193 million euros in the bank.

“Everything has a right time. At the beginning of Bunq, it was important to get a laser user focus in the company. Having to also focus on fundraisers and the needs of investors distracts. Bunq now is mature enough to start scaling up significantly, so more capital is welcome,” Niknam said.

It is important to say, that this was the very first external funding that CEO and founder Ali Niknam has raised. Previously he was funding the bank from his successful company TrasnIP.

The IT entrepreneur put almost 100 million euros into the bank, which has only made losses so far, except April this year when the company turned into profit for a while.

Now Niknam mentioned that hiring was his top priority.

“I am glad to let you know that I have joined bunq. Amsterdam-based challenger bank has been self-funded by founder and CEO Ali Niknam for several years and has now secured the largest Series-A funding round in the European #fintech space to fuel our #growth strategy,” Fath mentioned in a statement on his LinkedIn profile.

“After an amazing adventure with Transmetrics, I have decided to move on to a new challenge. I will remain an active board member and will assist with my expertise and passion for #AI. We are aggressively hiring at bunq in #marketing, #operations, #product, #engineering, #finance, #hr, #analytics. DM me if you want to change the world of finance and #banking, being part of a dedicated, international team making the bank of The Free! 🌈,” he added and confirmed that bunq is now hiring extensively.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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