Today Dutch fintech startup BUX, a commission-free investing startup, continues its European expansion with the official launch of its app BUX Zero in Germany and Austria. BUX is already present in 9 European countries, and has snapped up 2.5 million users.
BUX, founded in 2014, makes it easy and affordable for Europeans to do more with their money. Since launching, BUX has made the markets accessible for more than 2.5 million users across 9 countries in Europe. It currently offers 3 apps to explore the financial markets including BUX Zero, its flagship platform that is making commission-free trading possible, allowing users to invest in the brands and companies they care about. Their second service, BUX Crypto, launched in 2020, also offers an easy and affordable way to invest in Bitcoin and other digital currencies.
The coronavirus pandemic brought many young investors to the stock market, in some cases for the first time. This surge of new customers for BUX generated significant capital inflows for BUX Zero, with assets under management almost tripling in March alone. Thankfully BUX Zero did not experience any system failures during this period, a strong confirmation that its own backend broker has paid off.
BUX Zero initially launched in the Netherlands in September 2019, is expanding now to Germany and Austria, and will be targeting France for the next phase of its European expansion plan for the summer of 2020.
“As the economic landscape continues to change across Europe, and it becomes more difficult for younger generations to prepare for their financial future, young Europeans need better options to help them build wealth,” said Nick Bortot, Founder and CEO, BUX. “With the introduction of BUX Zero in Germany and Austria, we are offering a simplified investing experience for a new generation of investors who are looking for a convenient, inexpensive solution to put their money to work.”