Exclusive: ABN Amro paid €68 million to acquire neobroker BUX
In its last financing round in April 2021, BUX raised $80 million in a Series C raise led by Prosus Ventures and Tencent.
In its last financing round in April 2021, BUX raised $80 million in a Series C raise led by Prosus Ventures and Tencent.
In the past, BUX has paid compensations to existing customers, comparison websites and finfluencers for introducing new customers.
BUX will provide its clients across Europe access to SSGA SPDR ETFs as well as educational content on investments.
The Supervisory Board of ABN AMRO intends to appoint Serena Fioravanti as Chief Risk Officer.
ABN AMRO Bank N.V. announced today that CEO Robert Swaak will not complete his term of office at the bank.
BUX UK will be positioned as a sister company of APM Capital aimed at broadening its global footprint.
BUX is now a wholly owned subsidiary of ABN AMRO, and will continue operating as a separate entity.
ABN AMRO’s venture arm, formerly known as ABN AMRO Ventures, was among the first companies to invest in BUX.
In accordance with the terms of settlement, ABN AMRO agreed to pay a monetary penalty of $110,000.
Lars Kramer has decided to step down from his position as CFO and leave ABN AMRO on 30 April 2023.