“Our first round was at the peak of the market, and so while we have grown considerably, the market has gone down. But we have been perfectly comfortable keeping the valuation that we have now,” said CEO Ali Niknam.

https://techcrunch.com/2023/07/24/bunq-the-dutch-neobank-has-raised-111m-at-a-flat-1-8b-valuation-to-break-into-the-us/