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.