Bux acquires Spanish neobroker Ninety Nine

MADRID, 5 Dic.

Bux acquires Spanish neobroker Ninety Nine


The neobroker Bux has acquired one of its competitors in Spain, the broker Ninety Nine, a move that reinforces its position in the national market.

After this operation, of which the amount has not been known, Bux acquires the retail client base of Ninety Nine, which will stop covering the retail investor business in Spain and will focus on B2B and B2B2C, both at a national level as international.

"We have been working on our B2B strategy for more than a year and a half and, although it has been a very difficult decision, we have made the decision to focus exclusively on it. Despite the above, we wanted to thank our clients for their commitment by partnering with Bux , which we consider the perfect partner (...). I am sure that our retail customers will be very happy with this solution", said the CEO and founder of Ninety Nine, Javier Sanz.

For his part, the head of Bux in Spain, Álvaro Vidal, welcomed the new users and stressed that the company is "proud and delighted to help a new group of Spanish clients create an investment base stable and build a better financial future".