Wed Sep 25 09:03:35 UTC 2024: ## Dutch Neobank bunq Enters Crowded Stock Trading Market
**Amsterdam, Netherlands** – Bunq, the Dutch neobank with 14.5 million users across Europe, has launched its new Stocks product, allowing users to invest in popular US and EU public companies and ETFs. This move positions bunq as a competitor to established players like Robinhood and Revolut in the European stock trading market.
The Stocks feature, currently in beta and available in the Netherlands and France, aims to simplify investing for beginners. It offers a curated list of stocks and allows users to invest in fractional shares starting from €10. For the first three months, there are no trading commissions, after which it will cost €0.99 per trade.
Bunq has partnered with Upvest and Ginmon, German-based fintech startups, to power its Stocks product.
This new product follows a period of growth for bunq, which achieved profitability in 2023 and has applied for banking licenses in the UK and US.
In addition to Stocks, bunq has also launched an eSIM for frequent travelers and updated its AI assistant, Finn.
This aggressive expansion comes as bunq faces increasing competition in the European fintech space. Revolut, the continent’s leading neobank, has been offering stock trading since 2019 and is now piloting a separate investment app for experienced investors.
Whether bunq’s Stocks feature will gain traction in the competitive market remains to be seen. However, the company’s growing user base and focus on simplifying investment options could be key to its success.
First Piper 