BUX hits 100,000 German users just two months after launching

By Aisling Finn on Wednesday 5 August 2020

Savings and Investment

The trading platform also nearly tripled its assets under management during the lockdown period.

BUX hits 100,000 German users just two months after launching
Image source: Nick Bortot/BUX

Commission-free trading app BUX has today revealed that it has amassed 100,000 German customers just shy of two months after launching in the country. 

The Dutch fintech announced its launch in both Germany and Austria on 8 June 2020, introducing its commission-free platform, BUX Zero, to the new markets. 

Nick Bortot, founder and CEO of BUX, said: “These last months have marked a significant growth for BUX, thanks to the expansion of BUX Zero as well as a flood of first-time investors who are looking to leverage market activity and put their money to work.” 

“We’re incredibly excited to welcome a whole new generation of investors in Germany and look forward to further developing our platform and making it the single destination for mobile investing.” 

Just like its peers in the digital wealth space, Freetrade, Revolut and Scalable Capital, BUX has fared well under lockdown. 

The trading platform has nearly tripled its assets under management during the coronavirus pandemic, which the fintech puts down to an “influx in market activity caused by the pandemic, which has driven many young European investors to the stock markets.” 

Since its launch in 2014, BUX has entered nine European markets, including three in this past year alone, and has amassed over 2.5m users. 

Just last month, the fintech announced its latest endeavour by introducing its flagship product, BUX Zero, into the French market. 

BUX’s huge client base also puts it solidly in the position of one of the largest neobrokers in Europe. 

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