ABN Amro complete purchase of investment app BUX

ABN Amro has completed the purchase of the investment app BUX. The takeover was announced in December last year and was subject to regulatory approval. That approval has now come, meaning that BUX is now a subsidiary of the bank. It was not announced how much money was involved in the deal.

BUX will continue to operate under its own name under the care of ABN Amro. The Dutch fintech company was founded in 2013. It has 500,000 clients and is active in eight countries. The purchase does not relate to BUX's crypto activities.

ABN Amro was one of the first companies to invest in BUX. They have worked together since 2019, and the bank's systems were linked to the BUX app.

BUX CEO York Naeff is proud that the purchase has been completed. He said the aim is to make investing more accessible and affordable for everyone.

"Together with BUX, we can help clients get a grip on their own financial future at an early stage," ABN Amro added. The bank thinks that the takeover suits its growth ambition.