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Bux Raised $80 Million to Continue Its European Expansion


Bux raised $80 million to continue its European expansion.
But the simultaneous growth of other trading apps across the continent could lead to consolidation. 
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Trading app Bux raises $80 million to support European expansion. The funding was led by Prosus Ventures and Chinese tech giant Tencent,
Bux offers a host of products, including
Bux Zero, its commission-free share trading app; 
Bux X, which lets users trade contracts for difference (CFDs). Bux is currently available in the Netherlands, Germany, Austria, France, and Belgium and plans to use the funding to expand to Ireland in the coming weeks and eventually to the UK. ....

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Bux raises USD 80 mln in funding round


Bux raises USD 80 mln in funding round
Friday 23 April 2021 14:03 CET | News
Bux – a Netherlands-based startup that lets people invest in shares and exchange-traded funds (ETFs) without paying commissions – has picked up some investment of its own, an USD 80 million round that it will be using to grow its business.
The funding is coming from a group of investors, jointly led by Prosus Ventures and Tencent, it also included ABN Amro Ventures, Citius, Optiver, and Endeit Capital – all new investors – as well as previous backers HV Capital and Velocity Capital Fintech Ventures.
The startup has around 500,000 customers across the Netherlands, Germany, Austria, France, and Belgium, using not just its main Bux Zero app, but also Bux Crypto and Bux X (a contracts for difference [CFDs] app). ....

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