BUX and Yapily expand partnership into France and Austria

By Aisling Finn on Tuesday 8 December 2020

Savings and Investment

Before the two fintechs joined forces, BUX Zero’s customers had to fund their investment accounts via bank transfer.

BUX and Yapily expand partnership into France and Austria
Image source: Nick Bortot/BUX

Commission-free investment platform BUX and financial API provider Yapily have deepened their budding partnership.

The two fintechs have extended their current offering to enable BUX Zero users to add money to their accounts more easily in both France and Austria.

BUX Zero users in Germany already benefit from the collaboration with Yapily and now their neighbours in France and Austria will be able to top up their accounts from their mobile banking apps.

Nick Bortot, founder and CEO of BUX, said: "Efficiency and high usability are the core of BUX Zero, which we clearly prove by integrating the Yapily API. We are constantly looking for innovations to make the investment experience of our digital native customers even easier.”

“This new generation of investors needs an investment experience that fits their mobile lifestyle. BUX Zero is the first choice for these investors because it offers the right solution for this target group.”

Bortot went on to add that he hopes, by joining forces with Yapily he and the BUX team will be able to roll out its signature commission-free trading product across Europe.

Before the partnership, BUX’s customers in France and Austria funded their accounts via bank transfer, with the funds often taking one working day on average to arrive.

Stefano Vaccino, CEO of Yapily, added:  “Drawing on our open banking expertise, we have rolled out connectivity in three countries - Germany, France and Austria - which allows regional Bux Zero users to receive a better in-app experience.”

“Across Europe, we have seen an increasing demand to provide robust infrastructure to support our customers in rolling out the benefits of open banking beyond their native market. We look forward to continuing our work with Bux across Europe.”

BUX has also continued to expand across Europe, with Germany quickly becoming a key market for the Dutch fintech, amassing 100,000 customers in the country just two months after launching.  

The investment platform has been busily rolling out its BUX Zero platform across Europe, launching it in Austria and Germany in June, France in July and Belgium in August.

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