Netherlands-based stock trading app BUX has successfully secured its initial €1 million funding target through equity crowdfunding platform Seedrs. The initiative was launched earlier this week and has attracted more than 1,700 new investors.
Founded in 2014, BUX describes itself as a tech company that is seeking to rock the world of finance. Its mobile app allows users to trade stock earlier and more affordable. The app now has 1.2 million users across eight countries in Europe. The company revealed:
“By removing the barriers to the financial markets and reinventing the trading experience, we’re helping new generations of first-time investors to discover the financial world. Our app has taken something that’s traditionally been complex, and made it simple for a new audience. Our brand, with its unique tone of voice and visual appearance, appeals primarily to young people and the young at heart.”
BUX also received the following awards:
- Best Fintech company – Dutch FinTech Awards 2017
- Fintech 50 2015 – Annual list of Europe’s most promising fintech start-ups
- Accenture Innovation Award 2015
In regards to future plans for the mobile app, BUX then added:
“Because no other financial brand has achieved this before in the way BUX has done, we’re planning to launch a family of apps under the same umbrella. Ultimately, by 2020, BUX aims to be the destination for those who would like to do more with their money: for every investment need, there will be a BUX solution.”
Funds from the equity crowdfunding campaign will be used to continue BUX’s mobile app’s expansion. It is set to close later this winter.
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