Huge financing round for Trade Republic

Trade Republic's success story continues. The neobroker completed its Series C financing round - and raised 900 million US dollars.

In the end, not much was really missing until the billion-dollar round. The Berlin-based neobroker Trade Republic raised 900 million US dollars in its Series C financing round, as the start-up announced today. The globally renowned investor Sequoia is leading the financing round. TCV and Thrive Capital are also involved. The existing investors Accel, Creandum, Founders Fund and Project A also contributed money. "The democratization of the financial markets is one of the key issues of the next ten years," says Doug Leone, Partner at Sequoia. Trade Republic is at the forefront of this development in Europe and appeals to an entire generation of European savers who want financial independence.

Trade Republic has now reached a valuation of more than five billion US dollars. This makes the start-up one of the most valuable private fintechs in Europe. Around one million people currently use the neobroker. "50% of our customers, over 500,000 people, have never invested in the capital market before in their lives. We empower people to start building wealth who have been neglected by established banks for years due to high fees and opaque products," says Thomas Pischke, Trade Republic co-founder. According to the neobroker, it now manages assets worth six billion euros.