BUX Welcomes Alvaro Vidal as Country Manager for Spain

One of the fastest-growing neobrokers in Europe, BUX announced today that it has appointed Alvaro Vidal, the former Head of Spain at DeGiro, as its new Country Manager for Spain. In his new role, Vidal will facilitate the rapid expansion of BUX in one of Europe’s biggest fintech markets.

With the experience of over 10 years in the financial technology sector, Vidal has extensive knowledge of markets and retail brokerages. Previously, he worked at ING and was responsible for managing the Broker NARANJA.

The recent announcement from BUX came nearly one month after the fintech company named Dan Zbijowski as its Chief Marketing Officer. To support its growth across different regions, BUX has expanded its team significantly in the past few months.

"We were looking to find the right Country Manager who believes in our vision, understands hypergrowth and knows the Spanish market inside-out. Vidal combines all these attributes, and I’m confident that with his extensive background, we will maintain our current growth momentum," said Yorick Naeff, the CEO of BUX.

In March 2022, BUX acquired the Cyprus license and hired Jean-Raphael Nahas as the new Managing Director of its Cyprus operations.

Growth

In April last year, BUX raised $80 million in a funding round led by Prosus Ventures and Tencent to accelerate its expansion in Europe. In 2022, the company is planning to enter new markets across Europe.

"I was immediately drawn to the vision of BUX Zero and its commitment to guide customers through their investment journey. BUX's intuitive app gives everyone the flexibility and freedom to invest, and I am proud to be playing a role in making it accessible to as many Spaniards as possible,” said Vidal.

BUX Zero is headquartered in Amsterdam and is currently available in the Netherlands, Germany, Austria, France, Belgium, Ireland and Spain.