Trade Republic receives 250 million euros

The neobroker is thus expanding its Series C financing round. The money comes from existing investor Ontario Teachers, among others.

In May of last year, Trade Republic completed a huge financing round of almost 740 million euros. The neobroker has now extended the Series C by 250 million euros. This increases the start-up's valuation from 4.4 to five billion euros.

The money comes from existing investors and Ontario Teachers, a pension fund for over 333,000 teachers from Ontario, Canada. The fund manages net invested assets of more than 240 billion Canadian dollars worldwide. "With Ontario Teachers, we have one of the world's leading pension funds at our side on our mission to enable people to participate in the long-term growth of the economy," says Trade Republic co-founder Christian Hecker. "We are in the midst of transforming pension systems in Europe. This funding will help us invest even more in technology and products that enable millions of Europeans to put their money to work for them."

Christian Hecker, Thomas Pischke and Marco Cancellieri founded Trade Republic in Berlin in 2015. The start-up offers a neobroker that allows users to invest in shares, ETFs and cryptocurrencies and create savings plans without commission. In addition to Germany, Trade Republic now also operates in Austria, France, Spain, Italy and the Netherlands and has over one million customers.