Trade Republic is expanding into these countries
The fintech had recently been able to raise a lot of venture capital. Now the German start-up has decided in which regions it will additionally offer its service.
Berlin-based fintech Trade Republic is expanding into Europe. The startup, which boasts a valuation of €4.4 billion, is now launching its service in Spain, Italy and the Netherlands. The company made the announcement on Wednesday. Specifically, it will remove the existing waiting list in Spain and launch in the Netherlands and Italy.
So far, Trade Republic says it has "well over" one million customers in Germany, Austria and France. The expansion is intended to propel the start-up into new spheres and also further increase the client assets under management of around six billion euros. Further markets are to follow in the coming year.
Trade Republic itself writes that it intends to push ahead with the expansion with "vigour". Until N26's funding round, which has just gone public, it was the largest German fintech in the meantime, with a valuation of around €4.4 billion. The company made it big with a neobroker, which has been around since 2019. However, the company was already founded in 2015, at that time by Christian Hecker, Thomas Pischke and Marco Cancellieri. Initially only available as an app, the offer is now also available as a web app.
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.LinkedIn Connect
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?