Bux, an Amsterdam, The Netherlands-based neo-broker, raised USD80m in follow-financing round.
The round was led by Prosus Ventures and Tencent, with participation from additional new investors ABN Amro Ventures, Citius, Optiver, and Endeit Capital and existing investors HV Capital and Velocity Capital Fintech Ventures.
The company intends to use the capital to expand its investment app in other European countries.
Founded by Nick Bortot, who handed over the reins to new CEO Yorick Naeff, Bux With over 500,000 customers, Bux is a neo-broker whose flagship platform, BUX Zero, makes commission-free investing accessible for both first time and existing investors allowing them to invest in a large suite of shares or ETFs. The platform is currently available in the Netherlands, Germany, Austria, France and Belgium. The full range of the company’s products, including BUX Crypto which allows users to invest in real cryptocurrencies, and BUX X, where users can trade in contracts for difference (CFDs), are available across Europe.