Bux

-24%

est. 2Y upside i

FinTechSeries C

Stage: growth. Country: Netherlands

Rank

#3392

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity upside is negative expectantly (-24% probability-weighted).

Last updated: July 3, 2026

Bull (10%)+106%

Acquisition by ABN AMRO at 5x forward revenue (~$165M exit) drives 126% company upside. After 20% dilution, net upside ~106% for common stock.

Base (40%)+38%

Revenue growth to $33M by month 24 with multiple converging to 3.5x yields $115.5M exit, just above preference. After dilution, common upside ~38%.

Bear (50%)-100%

Multiple compresses to 2x with slow growth, exit value $66M well below $115M preference. Common stock recovers -100%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

15750%

Total funding ($115M) exceeds current valuation ($73M) by 58%, leaving common stock with zero value at current mark.

Dilution Risk

high

Likely need a down round or bridge financing within 24 months due to cash burn and no recent raise since 2021.

Secondary Liquidity

none

No secondary market activity detected; no implied value from secondary trades.

Other — 12 roles

Last updated: May 18, 2026

Questions to Ask at the Interview

Strategic questions based on Bux's data — designed to show you've done your homework.

1
“How does BUX plan to differentiate from Trade Republic and Scalable Capital in the Netherlands?”
2
“What is the revenue model breakdown and unit economics per user?”
3
“Given the preference overhang, what is the realistic path to common stock value?”

Our model estimates -24% upside. What do you think?

Anonymous. Do not share material non-public information.

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.