Bux raises additional $12.5M as it gears up to launch 'zero-commission' investing app

This, he believes, will enable Bux to service customers better going forward, and make it much easier to quickly launch new features.It’s a similar argument made by challenger banks that have built out their own banking stack, and echoes the thinking behind competitor Freetrade’s decision to acquire a broker license very early on.“We will additionally add 50% to our future revenues, as we will keep servicing other clients of AML,” adds Bortot.On track to launch this summer is STOCKS, Bux’s commission-free investing app that is quite different to the BUX app that offers a “gamified” trading experience and generates revenue per trade.“Our current trading app allows users to trade in CFDs on stocks, indices, forex and other financial products for the short term with limited leverage,” explains the Bux CEO.