Bux, an Amsterdam, The Netherlands-based trading app, raised $12.5M in funding.
The round, which brought the total amount in funding raised so far to $35m, was led by Velocity Capital and Holtzbrinck Ventures, with debt financing coming from Kreos Capital.
The funding was used to support the acquisition of online broker ayondo markets Limited (AML), Bux’ back-end provider for their current trading app and will support both the launch and first stage of its Stocks app.
Led by Nick Bortot, CEO and Founder, Bux is a fintech company that enables people to participate in the financial markets through its mobile platforms for commission-free stock investing and speculative trading
It is now involved in advancing Stocks, a mobile investing app, which will allow Europeans to invest commission-free starting July 2019, in the Netherlands, Germany and Austria, followed by a broader rollout across Europe in the coming year.
The app will be offering a combination of zero-commission investing, a clean user experience, easy client on-boarding, community and localized content.
It currently has over 100K users on the waitlist.