Tencent Holdings and Netherlands-based Prosus led a funding round of US$80 million that European online broker BUX will use to expand its zero-commission investment platform. Photo: AP
Tencent Holdings and Netherlands-based Prosus led a funding round of US$80 million that European online broker BUX will use to expand its zero-commission investment platform. Photo: AP
Tencent
Tech /  Big Tech

Tencent makes new overseas fintech foray, joining biggest shareholder Prosus in US$80 million funding round of European online broker BUX

  • The latest investment by Tencent and Prosus gives the two internet giants a greater foothold in Europe’s fast-growing web-based trading sector
  • Web-based trading platforms have been on the rise in Europe as more of the financial industry moves online and interest rates remain depressed

Bloomberg
Bloomberg

Updated: 7:47pm, 22 Apr, 2021

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Tencent Holdings and Netherlands-based Prosus led a funding round of US$80 million that European online broker BUX will use to expand its zero-commission investment platform. Photo: AP
Tencent Holdings and Netherlands-based Prosus led a funding round of US$80 million that European online broker BUX will use to expand its zero-commission investment platform. Photo: AP
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