Bunq launches beta testing of simplified app

Challenger bank bunq has launched a public beta testing programme giving users control over the design of its mobile app.

The new look simplifies the experience with only one button on each page and four main tabs, as well as options to create local charities and invite other members to support them.

Founder and chief executive Ali Niknam explained: “Today we’re taking our biggest step in creating the best banking experience yet: this is a complete upgrade to the bunq app our users love – so it’s never been more important we ask our user’s for their opinion.”

As 72 per cent of users choose green companies as their investment preference, the launch of version three builds upon the zero-effort sustainable options offered with Premium Supergreen and Business Supergreen to make it easier and more personalised for users to give to causes that positively impact the world.

By entering the unique IBAN number, users can give back to causes they care about. They can then track their donations within the app and see the total donations given by the entire community.

Bunq was founded in 2012 by Niknam, who as its sole investor, invested €44.9 million.

The company's latest publicly available number of user deposits - in December 2019 - was €433,410, with the total amount of user deposits doubling last year.

The bunq app is currently available in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic
of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, the UK, Norway and Iceland.

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