Fintech

Sale of Capitalflow avoided as Bunq resolves shareholder row

A sale of the Irish specialist lender founded by Ronan Horgan, was on the cards after Pollen Street baulked at investing more in Bunq, Dutch media has reported

Ronan Horgan, founder of Capitalflow. Dutch media had reported that a possible sale of the company was being pushed by one of Bunq’s leading shareholders

A potential sale of Capitalflow, the Irish specialist lender acquired by Dutch online bank Bunq in a €141 million deal a year and a half ago, has been avoided after the Amsterdam-headquartered fintech resolved a row with one of its biggest shareholders.

Bunq on Monday announced it had secured €45 million in growth capital from existing investors to bring to nearly €100 million the total capital injected into the company this year at a €1.65 ...