Amsterdam based BUX, one of the largest neo-brokers in Europe, secured $80 million in a funding round led by Prosus Ventures and Tencent, and also witnessed participation from additional new investors ABN Amro Ventures, Citius, Optiver, and Endeit Capital. Existing investors HV Capital and Velocity Capital Fintech Ventures also participated in the round.
Founded in 2014 by Egbert Pronk, Joost van de Wijgerd, Nick Bortot and Robbert Bos, BUX makes it easy and affordable for Europeans to do more with their money. BUX’s flagship platform, BUX Zero, is making commission-free investing more accessible and allows users to invest in the brands and companies they care about. BUX Zero is currently available in the Netherlands, Germany, Austria, France and Belgium. The full range of BUX products, including BUX Crypto and BUX X, are available across 9 countries in Europe.
In parallel with the funding round, BUX said that founder and CEO Nick Bortot will hand over the helm of the company to its current COO Yorick Naeff. Nick Bortot will remain involved with BUX as a member of the non-executive board.