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, Berlin-based startup Trade Republic received €62 million in a Series B round, including from Peter Thiel and Accel Partners. Long-time investor Sino AG wanted to sell shares at that time. However, the process was delayed because the authorities had to approve it first. At the time, Sino valued the FinTech at 240 million euros. But since then, Trade Republic's value has risen sharply, as a recent valuation by the shareholder shows: According to it, Trade Republic is now said to be worth €634 million. This can be seen from the information on the value of Sino's share, which is stated at 7.1 percent with 45 million euros by the shareholder itself.
Overall, the company tripled its valuation. Trade Republic has been licensed as a securities trading bank since 2019 and is marketed as an app for retail investors who can invest in ETFs, derivatives and equities through it. The company lists its customer base at 150,000, though it has long been speculated on the scene that it could be as many as half a million customers. With Sino's share sale, Trade Republic's managing director, Ingo Hillen, also exited.
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