Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Amsterdam-based mobile trading startup Bux scores €11.4M funding to launch ‘zero-commission’ investing app

Akansha Srivastava by Akansha Srivastava
June 12, 2019
in Startups, (Crowd)funding, FinTech, News
Amsterdam-based mobile trading startup Bux scores €11.4M funding to launch ‘zero-commission’ investing app

Picture credits: BUX

89
SHARES
LinkedInTwitterWhatsAppFacebook

Amsterdam-based trading app startup BUX has recently announced a $12.5 million (€11.4 million approx.) funding round led by venture capital firms including Velocity Capital and Holtzbrinck Ventures, bringing the total amount in funding raised so far to $35M. The funding round also included debt financing from Kreos Capital.

The funding has gone to support the acquisition of online broker ayondo markets Limited (AML), BUX’s back-end provider for their current trading app. This funding round will also support both the launch and first stage of BUX’s soon-to-launch app, STOCKS, which will allow Europeans to invest commission-free starting July 2019.

- Partner content -
HR
Most important HR trends of 2023
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with...Show More
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with them. Show Less
Read more

BUX acquires AML

The acquisition of AML marks the first acquisition by BUX since its founding in 2014. To-date, the partnership with AML has allowed BUX to fully focus on creating an app that removes the complexity from the financial markets and simplifies the trading experience. It has allowed BUX to reach a base of over 2 million users in just over four years across 9 European countries.

“This transaction gives BUX control over the full value chain including a full brokerage license, back-end technology and operations,” said Nick Bortot, CEO and Founder of BUX. “It will take away any external dependencies and allow us to serve our customers even better and make it easier to introduce new features more quickly. We will additionally add 50% to our future revenues, as we will keep servicing other clients of AML.”

Funding boosts launch of STOCKS – the future of neo brokerage

The funding round of $12.5M will also be supporting the launch of mobile investing app, STOCKS, which currently has over 100K users on the waitlist. To-date, there have been limited opportunities for Europeans to invest confidently in the brands and companies they care about. The launch of STOCKS seeks to lower the barriers of entry into the world of investing and empower Europeans to take control of their financial futures in an easy and affordable way.

“The future of investing is changing and BUX is uniquely positioned to shape the neo-brokerage space in Europe,” said Willem Willemstein, Investment Partner of Velocity Capital. “The fintechs that will succeed in this environment will be those who are able to specialise, localise and adapt to the varied cultural needs of the European landscape. BUX has a distinctive combination of experience scaling across Europe, combined with a vibrant lifestyle brand that will be unique to anything currently in the market.”

STOCKS will be offering a powerful combination of zero-commission investing, a clean user experience, smooth client on-boarding, a vibrant community as well as hyper-localised content.

The AML acquisition and continued funding rounds will help BUX to continue the mission to let Europeans explore new financial territories, connect with like-minded people and learn from experienced investors and traders.

BUX makes it easy and affordable for Europeans to do more with their money through its platforms which offer commission-free investing as well as leveraged trading, all powered by a vibrant community. Since launching in 2014, BUX has made the markets accessible for more than 2 million users across 9 countries in Europe.

In summer 2019, BUX will be introducing STOCKS, where users will be able to invest commission free in the brands they care about. STOCKS will launch in the Netherlands, Germany and Austria, followed by a broader rollout across Europe in the coming year. Headquartered in Amsterdam, the Netherlands, the company is backed by Holtzbrinck Ventures, Velocity Capital, Finch Capital and Initial Capital.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Apply for Social Impact Lab 2019 with your startup or scaleup and complete your social mission

 - Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more
Tags: FinTechstartups
Share6Tweet22SendShare36

Advertise with us | Schedule meeting

Thank you for visiting Silicon Canals! If you want to advertise with us, schedule a meeting.

Featured | Tech Events

Current Month

march

30marAll Day31TNW ValènciaJoin us in the hidden tech gem of the Mediterranean.

Event Details

The Next Web is bringing its renowned tech festival to the Mediterranean on March 30 & 31 with TNW València. Join industry leaders, investors, startups and tech

Event Details

The Next Web is bringing its renowned tech festival to the Mediterranean on March 30 & 31 with TNW València. Join industry leaders, investors, startups and tech enthusiasts to explore the future of tech. Enjoy the fun energy of a music festival with the innovation of a tech conference all in one.

Use discount code SILICONCANALS15 for 15% off your Business pass, Bootstrap package, Scale-up package and Investor pass today!

Learn More

CalendarGoogleCal

Time

march 30 (Thursday) - 31 (Friday)

Location

La Marina de Valencia

april

True BVKeienbergweg 100, 1101 GH Amsterdam

04apr17:3021:00True x Microsoft ISV Community Meet-up: Growing your ISV on AzureReady to scale the ambition of your ISV / SaaS company and rapidly grow your software on Azure?

Silicon Canals | Jobs


Partner content | Work with us

How Gapstars helps Dutch scaleups to find full-fledged development teams, save money and make an impact

Here’s how Amsterdam-based JetLearn is setting up the next generation for success

As Mobility Lab completes sixth edition, startups start collaborating with first clients

Breaking news from Amsterdam | Partner

Amsterdam-based Chargetrip raises €10M Series A funding; targets routing 25 per cent of EV rides globally

Rubio Impact Ventures’ Machtelt Groothuis on impact investing, need to co-invest, and measuring impact

Dutch firm Topicus acquires Amsterdam-based scaleup Five Degrees Holding: Know more

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X