"50% of Trade Republic's customers, over 500,000 people, have never invested in a stock or ETF before. We give them the means to start investing for their future, something that the big banks have not allowed them to do for far too long with their high fees and overly complex financial products," explains Thomas Pischke, co-founder of Trade Republic. "With more than €6 billion in customer assets, we have become our customers' main partner for managing their savings."
In a statement, the Berlin-based fintech announced a €900m fundraising round led by Sequoia, alongside TCV and Thrive Capital and its historical investors Accel, Founders Fund, Creandum and Project A, valuing it at over €5bn.
At the heart of Trade Republic's offering are programmed investment plans that allow savers to invest on a regular basis, automatically and without fees. The fintech is already the leader in Germany for this type of long-term investment plan, and launched its activities in France at the beginning of the year.
In addition to a flat fee of one euro per order on equities and ETFs, Trade Republic has recently added crypto-currencies to its investment offer, further diversifying the solutions offered to its clients to adapt their savings to the new macroeconomic situation.