Bux, a European Robinhood, raises $80M to expand its neo-broker platform

24 Apr, 2021

Bux, a European Robinhood, raises $80M to expand its neo-broker platform
Photo by Michael on Unsplash

– Bux, a startup from Amsterdam that lets people invest in shares and exchange-traded funds (ETFs) without paying commissions (its pricing is based on flat €1 fees for certain services, no fees for others), has picked up some investment of its own, an $80 million round that it will be using to grow its business.
– The funding is coming from Prosus Ventures and Tencent (in which Prosus, the tech division of Naspers, is a major investor), as well as ABN Amro Ventures, Citius, Optiver and Endeit Capital — all new investors — as well as previous backers HV Capital and Velocity Capital Fintech Ventures.
– Bux founder Nick Bortot is stepping away and Yorick Naeff, an early employee of the company who had been the COO, is taking over.

Finance Financial Services FinTech Stock Exchanges Trading Platform Western Europe
Crunchbase icon

Content report

The following text will be sent to our editors: