Dutch challenger bunq is one of Europe’s first neobanks to offer its users a simple and sustainable way to invest their money.
The fintech, recently valued at €1.6 billion, has launched ‘Easy Investments’ as part of its latest app upgrade: bunq Update 19.
“This is a really exciting development for bunq. With ‘Easy Investments’, bunq users can put their money to work and earn more effortlessly, all while helping to build a greener planet,” Bunq founder and CEO, Ali Niknam.
The level of private investment in Europe is estimated to have doubled since 2020, but still lags far behind to other advanced economies, especially the US.
With European consumers under pressure from low-interest rates and record-high inflation, bunq expects the new feature to provide its users with an easy and accessible way to get returns on their savings.
‘Easy Investments’ offers users the opportunity to invest in environmentally friendly companies and companies working for sustainable development, thanks to a partnership with Birdee.
Bunq users can choose from three different portfolios that best meet their investment objectives. This way they invest effortlessly and save themselves the hassle of individual share management.
Other features announced in Update 19 include the addition of an additional 10 foreign currencies to the bunq app – all chosen directly based on customer feedback – now allowing users to receive, manage, and manage 15 different currencies directly from their phone. , convert and publish.