Dutch neobank Bunq has opened its banking-as-a-service platform, bunq-as-a-Service, to businesses across the European Union, extending a product that had been running with a single anchor partner since April 2026. The move, announced on Tuesday, positions Bunq to compete more directly with specialist embedded-finance providers in Europe and to monetise its Dutch banking licence beyond the group's own consumer app.
The platform enables corporate clients to issue virtual cards, initiate instant SEPA transactions and offer on- and off-ramping of fiat currency to their end users. Fiat deposits held on the platform are protected up to EUR 100,000 through Bunq's European banking licence and the Dutch Deposit Guarantee Scheme, a distinction that Bunq argues sets it apart from banking-as-a-service partners that rely on third-party sponsor banks for deposit-holding capacity.
BLOCKRISE PROVIDES EARLY TRACTION
Bunq-as-a-Service launched in April 2026 with Dutch Bitcoin platform Blockrise as anchor partner. In the platform's first month, 40% of eligible Blockrise users migrated to their own personal bunq IBAN, an early data point that Bunq said validated the demand for regulated banking rails within crypto-adjacent applications. The migration figure gives Bunq a proof point to take to prospective clients as it broadens the platform's availability.
That migration pattern is significant for the broader thesis behind banking-as-a-service in Europe. Crypto platforms and other fintech businesses have long struggled to secure durable banking partnerships, particularly for euro-denominated flows and SEPA connectivity, as many European banks have been wary of onboarding sector clients or have withdrawn from the space. By owning the licence and the deposit relationship, Bunq is offering to remove a well-known point of friction for such firms.
PROFITABILITY UNDERPINS EXPANSION
The commercial launch comes as Bunq continues to describe itself as Europe's second-largest neobank and the first EU neobank to reach structural profitability. That financial base gives the Amsterdam-based group room to invest in product development and to underwrite the compliance and operational overhead of running a regulated banking-as-a-service business at scale, capabilities that require sustained investment in engineering, financial-crime controls and customer service.
For prospective corporate clients, the general availability announcement means access to the platform is no longer restricted to selected partners. Businesses across the EU can now integrate the service to embed banking features into their own products, with the deposit guarantee protection through the Dutch scheme intended to reassure both operators and end users about the safety of balances held on the platform.
Bunq's decision to open the platform reflects a broader trend among European fintechs to monetise their regulatory infrastructure. By offering licensed banking capabilities to third parties, licensed neobanks can generate additional revenue streams and deepen relationships with fintech ecosystems that would otherwise remain dependent on non-bank rails. The competitive backdrop includes established BaaS specialists as well as other licensed European fintechs pursuing similar strategies.
The company said the platform's roadmap would evolve based on client demand, with the initial product set of virtual card issuance, instant SEPA transactions and fiat on- and off-ramping providing the building blocks that most fintech applications require to serve European users. Bunq's positioning as an EU-licensed bank offering banking-as-a-service across the bloc simplifies onboarding for businesses that want a single, passportable arrangement rather than country-by-country integrations.