8.6 C
New York
Monday, March 4, 2024
Home Challanger banks Bunq becomes the first European digital bank to offer mortgages

Bunq becomes the first European digital bank to offer mortgages

Dutch digital bank Bunq is taking a new step and will offer mortgages from early 2022.

In order to provide this service, bunq has entered into a partnership with Tulp Hypotheken (a Dutch loan platform).

Read also: Revolut announced the acquisition of the ePOS Nobly POS system

Bunq wants to distinguish itself with the promise to come up with a review within 24 hours after documents are delivered.

“I remember waiting for a review was incredibly stressful when I bought my house,” Ali Niknam, founder and CEO of Bunq, told Business Insider.

By taking the first steps into mortgage lending, bunq has once again shown itself to be at the forefront of innovation in digital banking.

Ali Niknam, founder and CEO of bunq, said: “At bunq we are constantly innovating and evolving to serve our users. Becoming the first digital bank in Europe to offer our users mortgages is an incredibly exciting development for everyone at bunq”.

Paul Wessels, co-founder and CCO of Tulp Group, said: “Tulp is excited to support bunq to become a successful new lender in the Dutch market. This partnership is a great opportunity for the further positioning of our existing Dutch lending platform.”

In addition, bunq intends to support climate-conscious consumers in making their homes more environmentally friendly, for example by using insulation or solar panels.

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

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.