This summary is generated by an algorithm. If you find any mistakes, let us know.

Finance Financial Services FinTech Stock Exchanges Trading Platform Western Europe

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

– 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.

Financial Services FinTech North America Stock Exchanges Trading Platform

Neobroker nextmarkets receives $30 million in Series B funding round

– nextmarkets, the innovative and commission-free online broker, receives $30 million in a Series B financing round.
– The additional capital is intended to further accelerate the European expansion of the FinTech company, which was founded in Cologne in 2014, and to establish nextmarkets as the leading neobroker in Europe.
– In addition to Germany and Austria, six further countries – the United Kingdom, Portugal, the Netherlands, France, Spain and Italy – were launched at the end of 2020.
– The financing round closes out a successful 2020 financial year for nextmarkets, in which the company was able to multiply all KPIs such as the number of executed transactions, customer deposits, as well as the number of customers.

Finance Financial Services FinTech North America Social Stock Exchanges

Robinhood’s pain is Public’s gain as VCs rush to give it more money

–, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65 million Series C.
– The company competes with Robinhood, M1 Finance and other American fintech companies that offer consumers a way to invest in equities with low or zero fees.
– apparently got a flurry of investor interest over the past couple of weeks after Robinhood found itself in hot water and essentially raised $3.4 billion in a matter of days to help get itself out of a mess.
– That new capital came at a challenging time for the unicorn, which could pursue an IPO this year. And some investors reportedly want a piece of rival’s pie.

Crunchbase icon

Content report

The following text will be sent to our editors: