Bux, the online retail brokerage, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine.
Bux, a European rival to US retail brokerage Robinhood, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine.
Bux, though it raised an $80 million from investors in 2021, recently turned to crowdfunding with a campaign on Seedrs.
Globally, fintech startups raised just $13.3 billion in the third quarter of 2022 taking funding levels back to pre-pandemic levels, per Dealroom.
"Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by Bux, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the Bux Savings."