top of page

Royal Park Partners advises BUX on it's latest funding round, raising over €68 Million

  • Apr 22, 2021
  • 5 min read

Updated: 4 days ago

BUX, one of Europe’s leading neobrokers, has raised over €68m in funding.


Overview of the transaction


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.





Yorick Naeff

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”.


Disclaimer

The information contained in this document and any communication in connection with the document (together, the "Report") is published solely for informational purposes, and RP Partners Limited (“Royal Park Partners”, the “Firm” or the “Company”) may have holdings and investments in the firms referenced in this presentation. This Report does not constitute, or form part of, any offer of, or invitation to acquire any 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 Report is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons.

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 Report. The information contained in the Report is subject to completion, alteration and verification nor should it be assumed that the information in the Report will be updated. The information contained in the Report has not been verified by Royal Park Partners or any of its associates or affiliates. This report contains third party data that is believed to be reliable however the Firm has not independently verified any of the underlying content. It is expressly acknowledged that all rights pertaining to the data communicated belongs to the source stated. All statements in this Report represent the views of Royal Park Partners and shall not be treated as investment advice. Opinions and estimates constitute the Company’s judgment 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 company given are strictly indicative and may be based on certain implicit and explicit assumptions which Company may or may not be able to disclose at the time of the Presentation and which will need verification in any specific case.

Throughout this Report Royal Park Partners has included a number of Fintech companies in order to illustrate market trends. Selected companies or investors mentioned in this Report are only for informational purposes. Royal Park Partners does and seeks to do business with companies that may be covered or mentioned in this report. As a result, recipients of this report should be aware that there is the potential for a conflict to arise that could affect the objectivity of this Report. All past engagements at the time of writing have been disclosed within this Report.

The Report should not be considered a recommendation by the Company or any of its directors, officers, employees, agents or advisers in connection with any purchase of or subscription for securities.

In particular, but without prejudice to the generality of the foregoing, any forecasts, opinions, estimates and projections contained in the Report constitute the judgement of the Company 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 Royal Park Partners or any of its directors, officers, employees, agents or advisers in respect of, such forecasts, opinions, estimates and projections or their achievement or reasonableness. Recipients of the Report must determine for themselves the reliance (if any) that they should place on such forecasts, opinions, estimates and projections.

Royal Park Partners’ Proprietary Database consists of information that has been sourced from proprietary research and reliable sources like Pitchbook, Capital IQ, Dealogic, Crunchbase with no warranty of their accuracy.

Information contained in the Report may not be distributed, published or reproduced in whole or in part or disclosed to any other person. The distribution of any document provided at or in connection with the Report 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. Any failure to comply with these restrictions may constitute a violation of the securities law of such jurisdictions.

The information contained in the Report has not been approved by the Financial Conduct Authority.

The information contained in the Presentation has been prepared to assist persons in making their own evaluations and does not purport to contain all of the information that recipients of the Report who are considering acquiring or subscribing for any future shares, bonds or other securities may need or desire. In all cases, persons should conduct their own investigation and analysis of the data in the Report. The Report should not be considered a recommendation by the Company or any of its directors, officers, employees, agents or advisers in connection with any purchase of or subscription for any securities.

Comentários


Royal Park Partners and its subsidiaries and affiliates include the following licensed entities:

In the UK: RP Partners, Limited, is authorised and regulated by the Financial Conduct Authority.

In the United States: RPP Securities, LLC, is a SEC-registered Broker Dealer and member of FINRA and SIPC (investment banking services).

Information on RPP Securities, LLC and its FINRA registered representatives can be found on FINRA's BrokerCheck.

Stay Informed: Subscribe & Follow for the Latest Exclusive Insights

John Clark, Aman Behzad, Abhi Toor
LinkedIn
bottom of page