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Prosus, Tencent Invest $80 Million in European Online Broker BUX

  • Tech investors are expanding in fast-growing trading platforms
  • Negative interest rates, cryptocurrencies driving growth
relates to Prosus, Tencent Invest $80 Million in European Online Broker BUX

Source: BUX

Prosus NV and Tencent Holdings Ltd. are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector.

The Dutch e-commerce group and Chinese developer of the WeChat app led a funding round of $80 million that BUX will use to expand its zero-commission investment platform, BUX Chief Executive Officer Yorick Naeff said in an interview. The Amsterdam-based company will also hire more staff, especially software engineers, and adapt the platform for different European markets, he said.