Huge financing round for Trade Republic

Trade Republic's success story continues. The neobroker was able to close its Series C financing round - and raise 900 million US dollars.

In the end, there wasn't really much left to reach the billion-dollar round. In its Series C funding round, Berlin-based neobroker Trade Republic was able to raise $900 million, the startup announced today. Global investor Sequoia is leading the funding round. TCV and Thrive Capital are also participating. Existing investors Accel, Creandum, Founders Fund and Project A also added money. "The democratization of financial markets is one of the central themes of the next decade," said Doug Leone, partner at Sequoia. Trade Republic is at the forefront of this development in Europe, he said, and appeals to an entire generation of European savers who want financial independence.

Trade Republic has thus 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 percent of our customers, over 500,000 people, have never invested in the capital markets 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 its own information, the neobroker now manages assets of six billion euros.