Trading App BUX Secures €10.6m New Financing for Expansion Plans
- The company is complementing the Series C funding round with a crowdfunding effort via Seedrs.
BUX, one of the fastest growing trading apps in the industry, has announced a successful series C funding round. The company raised a total of €10.5 million from two venture capital firms: HV Holtzbrinck Ventures and Velocity Capital.
The company also committed to a crowdfunding round executed through the Seedrs portal. The opportunity is available to all 1.2 million users of the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term across eight countries in Europe.
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Aside from German HV Holtzbrick Ventures, Velocity Capital, which already had marked success with the sale of Trade King to Ally Financial last year, was joined by angel investors. The former CMO of Booking.com, Arthur Kosten, and the co-founder of online brokerage BinckBank joined the venture capitalists in the effort.
The founder and CEO of BUX, Nick Bortot, shared with Finance Magnates some details 24 hours after the launch of the crowdfunding campaign. During the pre-registration period on Monday, over 4,000 people indicated that they want to pledge over €7 million in total.
Long-Term Investments and Cryptocurrency Trading
With the launch of the next funding round, the company is aiming to introduce new apps to its loyal community. BUX is aiming to launch a long-term investment app next year and start the development of a cryptocurrency trading app due to the increased interest in the asset class.
The company has been focusing on providing its users with effective Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools that teach clients to avoid over-leveraging and educate them about markets. The company has tailored its application towards millennials and investors that have little to no experience of trading on the financial markets.
Not only is the firm discouraging traders to use high leverage, it also teaches them to diversify their exposure across different positions, as well as enforcing a mandatory period of trading with a virtual currency.
Headquartered in Amsterdam, the company is partnering with FCA-regulated ayondo Markets for the execution of trades.
Commenting on the news, Nick Bortot said: “Since the crisis rocked the world in 2008, the public, and particularly the millennial generation, have become more aware and interested in the direct consequences the financial world can have.”
“We are committed to constantly developing the user experience by expanding our range of products over the coming years, which this round will help us do. We are incredibly grateful for the support and interest we have received from the venture capital and angel communities, and the crowd and existing BUXsters,” he added.
BUX, one of the fastest growing trading apps in the industry, has announced a successful series C funding round. The company raised a total of €10.5 million from two venture capital firms: HV Holtzbrinck Ventures and Velocity Capital.
The company also committed to a crowdfunding round executed through the Seedrs portal. The opportunity is available to all 1.2 million users of the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term across eight countries in Europe.
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Aside from German HV Holtzbrick Ventures, Velocity Capital, which already had marked success with the sale of Trade King to Ally Financial last year, was joined by angel investors. The former CMO of Booking.com, Arthur Kosten, and the co-founder of online brokerage BinckBank joined the venture capitalists in the effort.
The founder and CEO of BUX, Nick Bortot, shared with Finance Magnates some details 24 hours after the launch of the crowdfunding campaign. During the pre-registration period on Monday, over 4,000 people indicated that they want to pledge over €7 million in total.
Long-Term Investments and Cryptocurrency Trading
With the launch of the next funding round, the company is aiming to introduce new apps to its loyal community. BUX is aiming to launch a long-term investment app next year and start the development of a cryptocurrency trading app due to the increased interest in the asset class.
The company has been focusing on providing its users with effective Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools that teach clients to avoid over-leveraging and educate them about markets. The company has tailored its application towards millennials and investors that have little to no experience of trading on the financial markets.
Not only is the firm discouraging traders to use high leverage, it also teaches them to diversify their exposure across different positions, as well as enforcing a mandatory period of trading with a virtual currency.
Headquartered in Amsterdam, the company is partnering with FCA-regulated ayondo Markets for the execution of trades.
Commenting on the news, Nick Bortot said: “Since the crisis rocked the world in 2008, the public, and particularly the millennial generation, have become more aware and interested in the direct consequences the financial world can have.”
“We are committed to constantly developing the user experience by expanding our range of products over the coming years, which this round will help us do. We are incredibly grateful for the support and interest we have received from the venture capital and angel communities, and the crowd and existing BUXsters,” he added.