BUX CEO on brokerage market disruption

most recent UKTN Podcast out now. This week’s guest is Yorick Naeff, CEO and co – founder of BUX, Europe’s fastest growing non – broker.

Founded in 2014, BUX provides retail investment services that allow consumers to invest in stocks, exchange traded funds (ETFs) and cryptocurrency.

The European opponent has raised just over $ 115m for Robinhood, of which $ 80m came in April last year.

During the show, Naeff tells UKTN Podcast host Mark McDonagh how BUX secured those funds, and how the company grew to over 700,000 users across the continent.

Naeff began his career in investment banking before becoming one of the first employees at BUX, where he was responsible for the operations of the mobile broker.

Last year he took on the role of CEO at BUX and tells the UKTN Podcast about the “powerful” benefit of having the in – house take on the retelling.

“You have someone [come in as CEO] externally, before that person can be as productive as a person internally, that only takes so long, ”said Naeff. “And that’s the time you don’t often have, especially in a fast-paced environment.”

Naeff also discusses the challenges of expanding across Europe and how the investment app model cannot be copied and pasted across different markets.

The Amsterdam-based company is registered with the UK Financial Conduct Authority. Naeff explains why it’s important to have local people on the ground to understand the consumer.

“It simply came to our notice then. It goes much further than that, ”says Naeff.

Elsewhere on the show, Naeff talks about the importance of building a great support team, explains why competition is good for the brokerage market and shares insights on BUX’s acquisition of Blockport to develop its cryptocurrency offering – as well. good at engaging in NFTs.

All of this can be heard and more in the latest episode of UKTN Podcast, and capture all previous episodes here.

Don’t forget to subscribe to the UKTN Podcast on Spotify, Apple Podcasts, or wherever you find your favorite podcasts.

UKTN Podcast is sponsored by Infiniteproviding equity investments of £ 10,000 to £ 5m to founders and companies that are changing the world.

BUX CEO on brokerage market disruption

Source link BUX CEO on brokerage market disruption

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