Neobank Bunq hits profitability

Amsterdam-based Bunq has just reached quarterly profitability.

Having reached break-even for the first time at the end of December 2021, the neobank has steadily worked to profitability since.

The challenger reached a pre-tax profit of €2.3m for the last quarter of 2022 and says it expects to continue to turn a profit throughout 2023.

Read more: AltFi