Trade Republic expands into eleven countries
Marius Ochs
| 18.10.2022
Within the Eurozone, the Berlin-based fintech is now available in 17 countries.
Trade Republic's European rollout continues, as the Berlin-based startup, founded in 2015, makes public in a press release. The fintech's service will soon be available in eleven new countries, including the Baltic States, Slovakia and Slovenia, as well as Portugal, Ireland, Finland, Greece, Belgium and Luxembourg. As a result, Trade Republic is now available in 17 European countries, home to 340 million people.
Through the Trade Republic app, customers can invest in individual stocks, ETFs, crypto, derivatives and, since early October, real fractional shares. There are third-party fees when an order is executed, but otherwise Trade Republic does not charge or commissions. As "heart" of their offer the founders see free ETF and share savings plans.
The founders say they have raised a total of 1.3 billion euros from Sequoia, Peter Thiel's Founders Fund and Ontario's Teacher's, among others. One of the co-founders believes now is the right time to invest. "Inflation in the eurozone has risen sharply," says Christian Hecker. "This should be a wake-up call for all Europeans."
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Startup
2017
Berlin
Trade Republic
Platform for commission-free trading of shares, ETFs and derivatives.
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