ROYAL PARK PARTNERS ADVISES BUX ON ITS LATEST FUNDING ROUND, RAISING OVER €68 MILLION
Overview of the transaction
BUX, one of Europe’s leading neobrokers, has raised over €68m in funding.
The round was led by Tencent, with further participation from ABN AMRO Ventures, Citius, Endeit Capital and Optiver. Existing investors HV Capital, Kreos Capital and Velocity Capital also contributed to the round.
Founder and CEO Nick Bortot will become a member of the non-executive board and hand over the helm of the company to its current COO, Yorick Naeff.
The fundraise will support BUX in the growth and ongoing international rollout of BUX Zero, the company’s flagship zero commission investing app.
Overview of BUX
Founded in 2013 by Nick Bortot and headquartered in Amsterdam, BUX has been instrumental in revolutionising retail investment and brokerage, providing customers with low-cost and mobile-first products.
BUX has established itself as a market leader in the neobrokerage space with over half a million customers and having rolled out BUX Zero to five countries in its first year.
BUX Zero is making commission-free investing accessible, intuitive, and affordable for both first time and established investors allowing them to invest in a large suite of shares and ETFs.
Having built the entire stack from the ground up, it has given BUX an unrivalled ability to scale across borders, unlock new revenue streams and optimise execution costs.
The team has extensive experience in this space, having previously built and launched its derivatives trading app, BUX X, across 9 European countries
Royal Park Partners' role
Royal Park Partners acted as exclusive financial and strategic advisor to BUX and its shareholders throughout the transaction.
This transaction highlights Royal Park Partners’ unrivalled experience in the trading tech and neo-banking/broking space, and history of assisting with the creation of meaningful returns for our Fintech clients and investors
CEO of BUX
“Younger generations in Europe now realise that investing is one of the few viable ways left to create a stable financial future. With this new funding round, BUX will continue to spearhead innovation by implementing advanced features to further shape the future of how Europeans invest. We are extremely grateful to have top tier investors like Prosus Ventures and Tencent on board to support us in our mission”
Extended case study & CEO interview
The information contained in this document and any communication or documents or other materials distributed at or in connection with the document (together, the "Presentation") is confidential and is being made to or directed to in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it (all such persons being "Relevant Persons"). This presentation may not be disseminated, distributed or used without the prior written consent of Royal Park Partners and Sapia Partners LLP (the “Companies”). The information contained in the Presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons. Any investment or investment activity to which the Presentation relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation must not be acted or relied upon by persons who are not Relevant Persons. Royal Park Partners is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.
No undertaking, representation, warranty or other assurance is given, and none should be implied, as to, and no reliance should be placed on, the accuracy, completeness or fairness of the information or opinions contained in the Presentation. The information contained in the Presentation is subject to completion, alteration and verification nor should it be assumed that the information in the Presentation will be updated. The information contained in the Presentation has not been verified by Sapia Partners LLP (“Sapia”) or any of its associates or affiliates. Opinions and estimates constitute the Companies’ judgment and should be regarded as indicative, preliminary, strictly non-binding and for illustrative purposes only. All example statements and any indicative terms and features of any solution given are strictly indicative and may be based on certain implicit and explicit assumptions which the Companies may or may not be able to disclose at the time of the Presentation and which will need verification in any specific case.
In particular, but without prejudice to the generality of the foregoing, any forecasts, opinions, estimates and projections contained in the Presentation constitute the judgement of the Companies and are provided for illustrative purposes only. Such forecasts, opinions, estimates and projections involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forecasts, opinions, estimates and projections. Accordingly, no representation or warranty (express or implied) is or will be made or given in relation to, and (except in the case of wilful fraud) no responsibility or liability is or will be accepted by the Companies or any of its directors, officers, employees, agents or advisers in respect of, such forecasts, opinions, estimates and projections or their achievement or reasonableness. Relevant Persons of the Presentation must determine for themselves the reliance (if any) that they should place on such forecasts, opinions, estimates and projections. Further, no representation as to the actual value which may be received in connection with a transaction is given, nor the legal, tax or accounting effects of consummating a transaction.
Information contained in the Presentation may not be distributed, published or reproduced in whole or in part or disclosed by Relevant Persons to any other person. The distribution of any document provided at or in connection with the Presentation in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession any such documents may come should inform themselves about and observe any such restrictions. In particular, information contained within the Presentation is not for distribution in or into the United States, Canada, Australia, the Republic of Ireland, Japan or South Africa. Any failure to comply with these restrictions may constitute a violation of the securities law of such jurisdictions.
The information contained in the Presentation has not been approved by the Financial Conduct Authority. This Presentation does not constitute, or form part of, any offer of, or invitation to apply for, securities nor shall it, or the fact of its distribution, form the basis of or be relied upon in connection with any contract or commitment to acquire any securities. The information contained in the Presentation has been prepared to assist Relevant Persons in making their own evaluations and does not purport to contain all of the information that recipients of the Presentation who are considering acquiring or subscribing for shares, bonds or other securities may need or desire. In all cases, Relevant Persons should conduct their own investigation and analysis of the data in the Presentation. The Presentation should not be considered a recommendation by the Companies’ or any of its directors, officers, employees, agents or advisers in connection with any purchase of or subscription for securities.