Trade Republic is now worth more than 600 million euros

At the beginning of the year, Trade Republic was still valued at 240 million euros. Now the valuation is said to have tripled.

In April, the Berlin start-up Trade Republic received 62 million euros in a Series B round from Peter Thiel and Accel Partners, among others. The long-standing investor Sino AG wanted to sell shares at this time. However, the process was delayed because the authorities had to give their approval first. At the time, Sino valued the FinTech at 240 million euros. Since then, however, the value of Trade Republic has risen sharply, as a recent valuation by the shareholder shows: According to this, Trade Republic is now said to be worth 634 million euros. This can be seen from the information on the value of Sino's 7.1 percent stake, which is stated by the shareholder himself at 45 million euros.

Overall, the company tripled its valuation. Trade Republic has been licensed as a securities trading bank since 2019 and is on the market as an app for small investors who can use it to invest in ETFs, derivatives and shares. The company claims to have 150,000 customers, although it has long been assumed in the industry that this figure could be as high as half a million. Ingo Hillen, Managing Director of Trade Republic, also left the company when Sino sold its shares.