BUX, a Netherlands-headquartered monetary companies agency, has expanded its European footprint with the newest acquisition of the retail brokerage arm of Spanish neobroker, Ninety 9.
Formally introduced on Monday, the acquisition will strengthen the presence of BUX within the Spanish retail brokerage class. Its purpose for the deal is to realize an present consumer base as it’s going to migrate Ninety 9’s retail person base to its platform.
“We’re proud and delighted to assist a brand new group of Spanish purchasers create a steady funding base and construct a greater monetary future,” mentioned BUX’s CEO, Yorick Naeff. “Due to this acquisition, Ninety 9 customers could have entry to a variety of companies offered by BUX, akin to investing in Spanish, European, and US shares, ETFs, cryptocurrencies, fractional investing, and the BUX Financial savings Plan.”
Additional, following the acquisition, the Ninety 9 model will not supply B2C brokerage companies; it’s going to solely focus its assets on offering B2B & B2B2C companies to banks, fintech and media teams.
“We’ve got been working for over a yr and a half on our B2B technique, and whereas it was a troublesome determination, we’ve got determined to focus all our efforts on it,” the Founder and CEO of Ninety 9, Javier Sanz Álvarez, mentioned.
“Nevertheless, our purchasers are nonetheless crucial to us, so we’ve got been working with BUX to offer them with an excellent different to proceed investing, together with two free shares as a welcome present, free migration to the BUX platform, and costs virtually 50% decrease than present ones.”
European Growth
BUX choices in Europe embody a spread of companies like commission-free inventory tradings, fractional shares and even buying and selling companies with contracts for variations and cryptocurrencies. It now has greater than 1,000,000 prospects.
The platform is aggressively increasing its footprint within the continent; it’s now operational within the Netherlands, Belgium, France, Germany, Spain, Italy, Austria and Eire. As well as, it has a UK subsidiary, which migrated a good portion of its consumer base to an EU-based sister firm following Brexit. The income of the UK firm halved to £9.1 million in 2021, with a year-end lack of over £4.2 million.
BUX, a Netherlands-headquartered monetary companies agency, has expanded its European footprint with the newest acquisition of the retail brokerage arm of Spanish neobroker, Ninety 9.
Formally introduced on Monday, the acquisition will strengthen the presence of BUX within the Spanish retail brokerage class. Its purpose for the deal is to realize an present consumer base as it’s going to migrate Ninety 9’s retail person base to its platform.
“We’re proud and delighted to assist a brand new group of Spanish purchasers create a steady funding base and construct a greater monetary future,” mentioned BUX’s CEO, Yorick Naeff. “Due to this acquisition, Ninety 9 customers could have entry to a variety of companies offered by BUX, akin to investing in Spanish, European, and US shares, ETFs, cryptocurrencies, fractional investing, and the BUX Financial savings Plan.”
Additional, following the acquisition, the Ninety 9 model will not supply B2C brokerage companies; it’s going to solely focus its assets on offering B2B & B2B2C companies to banks, fintech and media teams.
“We’ve got been working for over a yr and a half on our B2B technique, and whereas it was a troublesome determination, we’ve got determined to focus all our efforts on it,” the Founder and CEO of Ninety 9, Javier Sanz Álvarez, mentioned.
“Nevertheless, our purchasers are nonetheless crucial to us, so we’ve got been working with BUX to offer them with an excellent different to proceed investing, together with two free shares as a welcome present, free migration to the BUX platform, and costs virtually 50% decrease than present ones.”
European Growth
BUX choices in Europe embody a spread of companies like commission-free inventory tradings, fractional shares and even buying and selling companies with contracts for variations and cryptocurrencies. It now has greater than 1,000,000 prospects.
The platform is aggressively increasing its footprint within the continent; it’s now operational within the Netherlands, Belgium, France, Germany, Spain, Italy, Austria and Eire. As well as, it has a UK subsidiary, which migrated a good portion of its consumer base to an EU-based sister firm following Brexit. The income of the UK firm halved to £9.1 million in 2021, with a year-end lack of over £4.2 million.
