September 22, 2019 News Magazine

Bux launches ‘BUX Zero’ to begin offering fee-free trading in Netherlands

Bux, the Amsterdam-based fintech that wants to make investing more accessible, is launching its fee-free trading app today.

Dubbed “BUX Zero,” the new offering is available first to users in the Netherlands who previously signed up to the wait-list. Further European launches are to follow, with Germany and Austria up next.

The BUX Zero app promises to demystify investing in public markets for people who perhaps haven’t done so before, and also make it cheaper.

“It will offer a unique combination of a simplified investing experience along with a vibrant community where they can follow, learn from fellow investors and explore new investing opportunities,” Nick Bortot, CEO and founder of Bux, told TechCrunch in June.

In addition, the idea is by removing fees it makes investing small sums more viable — a high fee per buy/sell can make it prohibitively expensive to do so.

At launch, both market orders and limit orders are commission-free until the end of this year, after which Bux will charge €1 and €2 per order, respectively.

A “market order” executes as quickly as possible at the market price, and a “limit order” sets the maximum/minimum price you are willing to buy or sell.

Once the special offer ends, BUX Zero will also introduce a third order type called a “basic order”, which will be commission-free “forever” and is executed at a fixed time, once per day.

A subscription plan is also being tested. This will give BUX Zero users the option of paying a fixed monthly fee to get access to unlimited commission-free market, limit and basic orders. “The subscription fee will be lower than the commission of a single transaction at a traditional online broker,” says Bux.

All of this is made possible because, like a number of competitors, such as Freetrade, Bux recently brought its brokering in-house.

Bortot has previously said this gives the company control over “the full value chain,” including a full brokerage license, back-end technology and operation — and, of course, lowers overheads per trade.

It’s a similar argument made by challenger banks that have built out their own banking stack.

Banner
Related Posts

At-home blood testing startup Baze rakes in $6 million from Nature’s Way

August 30, 2019

August 30, 2019

By now, the venture world is wary of blood testing startups offering health data from just a few drops of blood. However, Baze, a Swiss-based personal nutrition startup providing blood tests you can do in the convenience of your own home, collects just a smidgen of your sanguine fluid through an MIT manufactured device, which, according to the company, is in accordance with FDA regulations. The idea is to find out (via your blood sample) which vitamins you’re missing out on and are keeping you from living your best life. That seems to resonate with folks who don’t want to go into the doctor’s office and separately head to their nearest lab for testing. Most health professionals would agree it’s important to know if you are getting the right amount of nutrition — Vitamin D deficiency is a worldwide epidemic affecting calcium absorption, hormone regulation, energy levels and muscle weakness. An estimated 74% of the U.S. population does not get the required daily levels of Vitamin D. “..

Videos lead brand creative growth with 3x increase since 2017

June 27, 2019

June 27, 2019

James Winter Contributor James Winter is currently the VP of Marketing at Brandfolder, a leading digital asset management solution; prior to joining Brandfolder, James was the Director of Marketing at AspireIQ where he grew the marketing team from zero to seven. As brands pursue audiences online, they are producing more creative content than ever — particularly around Instagram. In the past twelve months, Brandfolder‘s Brand Index (check out the full Brand Index Report at the end of this article) tracked an 80% increase in videos and other creative material targeted for the platform. With the Instagram community being a highly engaged group, brands rely on rich, visual content to connect to them. With the proliferation of new Instagram features, like video, Stories, multi-photo carousels, and IGTV, each subset requires its own content, further inflating the need for more brand creative. The growth in brand creative isn’t just due to audience demands, however...

Slack off. Send videos instead with $11M-funded Loom

February 19, 2019

February 19, 2019

If a picture is worth a thousand words, how many emails can you replace with a video? As offices fragment into remote teams, work becomes more visual, and social media makes us more comfortable on camera, it’s time for collaboration to go beyond text. That’s the idea behind Loom, a fast-rising startup that equips enterprises with instant video messaging tools. In a click, you can film yourself or narrate a screenshare to get an idea across in a more vivid, personal way. Instead of scheduling a video call, employees can asynchronously discuss projects or give ‘stand-up’ updates without massive disruptions to their workflow. In the 2.5 years since launch, Loom has signed up 1.1 million users from 18,000 companies. And that was just as a Chrome extension. Today Loom launches its PC and Mac apps that give it a dedicated presence in your digital workspace. Whether you’re communicating across the room or across the globe, “Loom is the next best thing to being there” co-founder Shahed Khan t..

Step targets teens and parents with a no-fees mobile bank account and Visa card

January 31, 2019

January 31, 2019

A new mobile banking startup called Step wants to help bring teenagers and other young adults into the cashless era. Today, cash is used less often, as more consumers shop online and send money to one another through payment apps like Venmo. But teenagers in particular are still heavily burdened with cash — even though they, too, want to spend their money on things that require a payment card, like Amazon.com purchases or mobile gaming, for example. That’s where Step comes in. The company aims to address the needs of what it believes is an underserved market in mobile banking — the 75 million children and young adults under the age of 21 in the U.S., who are still being forced to use cash. This market isn’t the “unbanked,” it’s the “pre-banked,” explains Step CEO CJ MacDonald, whose previous startup, mobile gift card platform Gyft, sold to First Data several years ago. Above: Step CEO, CJ MacDonald “We’re building an all-in-one banking solution that primarily focuses on teens and..

Startups Weekly: Part & Parcel plans plus-sized fashion empire

September 14, 2019

September 14, 2019

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Stripe’s grand plans. Before that, I noted Peloton’s secret weapons. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets. If you don’t subscribe to Startups Weekly yet, you can do that here. Startup spotlight The best companies are built by people who have personally experienced the problem they’re attempting to solve. Lauren Jonas, the founder and chief executive officer of Part & Parcel, is intimately familiar with the struggles faced by the women she’s building for. San Francisco-based Part & Parcel is a plus-sized clothing and shoe startup providing dimensional sizing to women across the U.S. The company operates a bit differently than your standard direct-to-consumer business by seeking to include t..

Funerals are tough. Ever Loved helps you pay for them

March 9, 2019

March 9, 2019

Alison Johnston didn’t plan to build a startup around death. An early employee at Q&A app Aardvark that was bought by Google, she’d founded tutoring app InstaEDU and sold it to Chegg. She made mass market consumer products. But then, “I had a family member who was diagnosed with terminal cancer and I thought about how she’d be remembered” she recalls. Inventing the next big social app suddenly felt less consequential. “I started looking into the funeral industry and discovered that there were very few resources to support and guide families who had recently experienced a death. It was difficult to understand and compare options and prices (which were also much higher than I ever imagined), and there weren’t good tools to share information and memories with others” Johnston tells me. Bombarded by options and steep costs that average $9,000 per funeral in the US, families in crisis become overwhelmed. Ever Loved co-founder and CEO Alison Johnston Johnston’s startup Ever Loved wants to..

GitLab hauls in $268M Series E on 2.768B valuation

September 17, 2019

September 17, 2019

GitLab is a company that doesn’t pull any punches or try to be coy. It actually has had a page on its website for sometime stating it intends to go public on November 18, 2020. You don’t see that level of transparency from late-stage startups all that often. Today, the company announced a huge $268 million Series E on a tidy $2.768 billion valuation. Investors included Adage Capital Management, L.P, Alkeon Capital, Altimeter Capital, Blackrock, Inc., Capital Group, Coatue Management, D1 Capital Partners, Franklin Templeton, Light Street Capital, Tiger Management Corp and Two Sigma Investments LP. The company seems to be primed and ready for that eventual IPO. Last year, GitLab co-founder and CEO Sid Sijbrandij says that his CFO Paul Machle told him he wanted to begin planning to go public, and he would need two years in advance to prepare the company. As Sijbrandij tells it, he told him to pick a date. “He said, I’ll pick the 16th of November because that’s the birthday of my twins...

Retail Zipline raises $9.6M from Emergence and Serena Williams

May 16, 2019

May 16, 2019

Retail Zipline, a startup aiming to improve communication between retail stores and corporate decision makers, announced today that it has raised $9.6 million in Series A funding. CEO Melissa Wong previously worked in corporate communications for Old Navy, where she said she saw “such a disconnect between what was decided in headquarters and what was decided in stores.” For example, management might decide on a big marketing push to sell any remaining Mother’s Day-related items after the holiday has passed, but then “the stores wouldn’t do it.” “The stores would say there were too many messages, they didn’t see the memo, they didn’t know it was a priority,” Wong said. So she founded Retail Zipline with CTO Jeremy Baker, with the goal of building better communication tools for retailers. Baker said that while they looked at existing chat and task management software for inspiration, those tools were “mostly built for people sitting at a desk all day,” rather than workers who are “on ..

How tech entrepreneurs think of Universal Basic Income

May 3, 2019

May 3, 2019

As tech has grown, policy debates have become an important pastime. Today’s tech industry aspires to replace human drivers with self-driving cars, secretaries with AI assistants, permanent jobs with gigs — and as a result, the human impact of tech has become an everyday conversation. No other idea is as emblematic of this as Universal Basic Income, a policy that would distribute a monthly sum to every adult regardless of their income or employment status. The conversation is widespread. Mark Zuckerberg and Elon Musk have said that UBI may be desirable or necessary. Y-Combinator Research and Facebook co-founder Chris Hughes are running basic income studies. Tech-friendly presidential hopefuls Bernie Sanders and Andrew Yang support the issue. But should the average tech entrepreneur or investor support UBI? The answer is not entirely clear. The good news is that the tech industry is deeply familiar with risk, which is an important component of arguments for UBI. The bad news: risk is..

Why you should naturalize — now, not later

July 4, 2019

July 4, 2019

It’s no secret that America thrives on tech-savvy immigrants who put down permanent roots: Three in five of the country’s biggest tech companies — Apple, Facebook, and Google among them — were founded by first- or second-generation immigrants. Those giants combined boast a market cap of over $4 trillion and employ nearly two million workers. Considering such clear economic benefits, you’d expect an efficient, straightforward process for turning America’s tech-savviest new arrivals into U.S. citizens. But that’s not the case. Naturalizing has only gotten harder and more expensive in recent years. And because of those barriers, even immigrants who manage to secure U.S. permanent residence often stop short of officially becoming U.S. citizens. In fact, a third of citizenship-eligible green card holders, or around 9.3 million people, have yet to apply. If you’re among that group, don’t wait to take the final step of your immigration journey. After all, U.S. citizenship brings a host of ..

Zenkit redesigns its project management app, adds public API and more

May 23, 2019

May 23, 2019

There’s no darth of Trello-style project management services, but while the core of Zenkit is exactly that, it’s also far more flexible than most and offers plenty of ways to adjust the service to your style of work (and beyond Kanban). Today, the company is launching version 3.0 of its service and with that, it’s not just putting a fresh coat of paint on the service but also launching a number of new features for end users and developers. With this new version, Zenkit moved to a unified user interface across mobile and desktop. The company is also placing a bet of progressive web apps. Indeed, As Zenkit CEO and co-founder Martin Welker told me, the company has now ceased developing native apps entirely. “Existing frameworks such as Ionic are all component based, which means they couldn’t accommodate the deep complexity we envisaged,” he said. “It became clear to us that we would need to write our own framework that accommodated the entire app, not just it’s components, in order to ..

Daily Crunch: A big funding round for Boll & Branch

August 26, 2019

August 26, 2019

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Bedding startup Boll & Branch raises $100M The company sells sustainably sourced sheets, pillows, mattresses and towels. Until now, it had only raised $12 million in outside capital. This new funding comes from L Catterton. CEO Scott Tannen compared Boll & Branch to the firm’s previous investments The Honest Company and Peloton — companies that “have become the winner in the startup competition” and are ready to “really become household names.” 2. Nvidia and VMware team up to make GPU virtualization easier Nvidia today announced that it has been working with VMware to bring its virtual GPU technology to VMware’s vSphere and VMware Cloud on AWS. 3. Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong Founded by three Tsinghua University gra..

YC-backed Oxygen raises seed to bring digital banking to freelancers

January 29, 2019

January 29, 2019

Few things are easy in our financial system if you don’t have regular employment. It’s hard to prove (regular) income, which makes applying for a credit card or personal loan much more difficult and time-consuming. That’s particularly tough, since freelancer income is variable, and these sort of income smoothing tools can be critical to make ends meet. Despite those challenges, freelancing is the new normal: if current trends hold true, a majority of the workforce in America could be freelancers within ten years. SF-based startup Oxygen hopes to give those freelancers some breathing room in their financial lives. Through a digital banking app and a membership program, the startup offers freelancers simple access to credit that can be pulled down or paid off instantly at any time. The company has raised $2.3 million in the first close of its seed round from investors including Digital Horizon Capital and Cynthia Chen. It participated in Y Combinator’s accelerator program last summer. ..

Atlassian acquires AgileCraft for $166M

March 18, 2019

March 18, 2019

Atlassian today announced that it has acquired AgileCraft, a service that aims to give enterprises plan their strategic projects and workstreams. The service provides business leaders with additional insights into the current status of technical projects and gives them insights into the bottlenecks, risks and dependencies of these projects. Indeed, the focus of AgileCraft is less on technical teams than on the business teams that support them and help them manage the digital transformation of their businesses. The price total of the acquisition is about $166 million, with $154 million in cash and the remainder in restricted shares. “Many leaders are still making mission-critical decisions using their instincts and best guesses instead of data,” said Scott Farquhar, Atlassian’s co-founder and co-CEO, in today’s announcement. “As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian,..

Glitch is bringing remix culture back to the web with a $30 million Series A round

July 9, 2019

July 9, 2019

Building apps and tools on the web shouldn’t just be for the technically inclined. In the early days of the web, it was easy to make your MySpace account, for example, unique to your personal aesthetic. Glitch is doing that for the modern era. Glitch, formerly known as Fog Greek Software, is an online community where people can upload projects and enable others to remix them. Dash likens coding on Glitch to working together inside Google Docs. “The biggest thing I see is the creative impulse for recreating the web never went away,” Glitch CEO Anil Dash told TechCrunch. “There was a latent desire, so we didn’t need to do much.” Glitch started inside Fog Greek Software as Gomix, which similarly aimed to democratize app building. In March 2017, Gomix became Glitch and has since ballooned into a community that has created more than 2.6 million remixed apps. These apps range from tools to tidying up your Twitter timeline to randomizing who is forced to take notes or do other tasks during..

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *