[4] BUX was founded in July 2013 by Nick Bortot, a former executive at Dutch online broker BinckBank.

[18] In October 2017, the firm raised another €10,600,000 from two existing shareholders, Holtzbrinck Ventures and Velocity Capital Management, as well as from a number of private investors (such as Arthur Kosten, the former CMO of Booking.com, BinckBank founder Thierry Schaap and the CEO and founder of Mollie nl:Adriaan Mol).

[23] In May 2019, BUX partnered with ABN AMRO to use the bank’s blockchain-based technology in its new zero-commission investing app.

[36] The firm registered it with the Dutch Central Bank, rebranded and launched as BUX Crypto in April 2020.

[37] The Financial Times and Handelsblatt reported that German neobank N26 wanted to acquire BUX for €200 million, but the deal collapsed after N26 pushed for new conditions and a lower price.

[40] The BUX app, launched in September 2019, allows users to trade European and US stocks and exchange-traded funds.

The aim of lending Your Financial Instruments is to achieve a return for BUX, make it possible to offer certain services free of charge and keep other costs as low as possible for You."

[43] As of September 2019, the app was available in the Netherlands, the UK, in Germany, Austria, Italy, Spain, France, Sweden and Denmark.