Berlin, 21.05.2021. Germany’s first commission free and mobile broker Trade Republic secures a $900M Series C funding round to enable millions of Europeans to have easy, fast and free access to capital markets. Trade Republic’s valuation rises to $5bn and the company now ranks among the most valuable European Fintech companies.
The investment round is led by Sequoia followed by TCV and Thrive. Existing investors Project A, Creandum, Founders Fund and Accel also invested in this round. Project A is one of Trade Republic’s early investors (Series A in 2019) and supported the company with its operational teams in various areas such as data infrastructure, IT development, recruiting, marketing and customer service.
Florian Heinemann, General Partner at Project A, says: “Trade Republic has the perfect product-market fit, opening a formerly exclusive asset class like ETFs to the broader public via mobile based commission-free approach. In the last two years, Trade Republic has become a model company in the German Fintech industry having gained an impressive foothold in further markets across Europe as well.”
Trade Republic has gained more than one million customers in Germany, France and Austria within 24 months. The online broker aims at helping millions of people across Europe close their pension gap by providing them the opportunity to invest money into capital markets with a mobile-first, secure and commission-free offering. The $900M Series C financing round is one of the largest venture funding rounds in financial services in Europe.