Neo-broker Bux, based in Amsterdam, The Netherlands, raised USD 80 million in a follow-financing round.
Prosus Ventures and Tencent served as the round’s lead investors. Other new investors included ABN Amro Ventures, Citius, Optiver, and Endeit Capital, as well as returning investors HV Capital and Velocity Capital Fintech Ventures.
The business plans to utilise the funds to market its investment app in more European nations.
Nick Bortot founded the company before transferring control to new CEO Yorick Naeff. Bux Bux is a neo-broker with over 500,000 clients whose flagship platform, BUX Zero, enables commission-free investing for both new and experienced investors, allowing them to invest in a wide range of shares or ETFs. Currently, the Netherlands, Germany, Austria, France, and Belgium have access to the platform. The entire line of products offered by the company, including BUX Crypto, which enables users to invest in genuine cryptocurrencies, and BUX X, which enables users to trade contracts for difference (CFDs), are accessible throughout Europe.