Tag: Prosus

It was a challenger to Trade Republic, Scalable Capital and the like for a while, but now the Dutch neobroker BUX belongs to a bank. ABN AMRO announced today that it has acquired BUX and its approximately 500,000 customers. This comes as no surprise to observers, as ABN AMRO Ventures, the bank's investment arm in start-ups, was one of the fintech broker's early backers. BUX is available in several EU member states.

The Dutch-South African Prosus has scrapped the $4.7 billion acquisition of BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated," saying conditions of the deal had not been met. Indian antitrust regulator had approved the acquisition on Sept. 5, more than a year after it was announced, despite concerns that BillDesk and Prosus-owned PayU would lead to concentration on India's payments market.