Amsterdam fintech BUX becomes largest neobroker in Europe
BUX launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market. This will be the third country launch for the Amsterdam-based fintech in 2020, following a successful launch in Germany and Austria earlier in the year. This also brings BUX’s overall user base to more than 300,000 users, making the startup the largest neobroker in Europe.
“We believe that anyone can become an investor, and BUX Zero has created a humanised investing experience for a new generation of investors in Europe. Buying and selling shares should be simple and affordable, and we’re looking forward to making BUX Zero’s seamless experience available to French users.” Said Nick Bortot, Founder & CEO. “We are proud to announce that we have become the largest neobroker in Europe and we look forward to bringing the benefits of BUX Zero to many more European markets.”
Earlier in July, the Dutch company released its newest feature in BUX Zero, Stories. This feature, a first of its kind for a broker, allows users to stay up-to-date with the latest market updates and follow what’s new in the BUX Zero app. BUX is looking forward to continuing its expansion across Europe, with further country roll-outs planned for the rest of 2020 and 2021.
Netherland’s leading company makes it easy and affordable for Europeans to do more with their money. Since launched in 2014, BUX has made the markets accessible for more than 2.5 million users across 9 countries in Europe.
It currently offers 3 apps that allow users to explore the financial markets including BUX Zero, the flagship platform that is making commission-free trading possible, allowing users to invest in the brands and companies they care about.
BUX Zero is currently available in the Netherlands, Germany and Austria. BUX X, launched in 2014, oﬀers short-term, leveraged trading, all powered by a vibrant in-app community. BUX Crypto, launched in 2020, now offers an easy and affordable way to invest in Bitcoin and other digital currencies. Headquartered in Amsterdam, the Netherlands, the company is backed by Holtzbrinck Ventures, Velocity Capital, Orange Growth Capital and Initial Capital.
Author: Akansha Srivastava