Trade Republic launches in Italy and the Netherlands

Trade Republic says it already has more than one million customers. Now the fintech is expanding into two more countries.

Trade Republic continues to expand in Europe: The online broker is now also launching in Italy and the Netherlands. The start-up had already announced the move in October(we reported).

Trade Republic is now represented in six European countries. After the launch of the trading app in Germany at the beginning of 2019, the market entry in Austria came at the end of 2020. Earlier this year, Trade Republic launched in France, followed most recently by Spain in October. According to the company, the European expansion is progressing faster than planned. In total, Trade Republic has gained over one million customers in the last three years, it says.

Christian Hecker, Thomas Pischke and Marco Cancellieri founded Trade Republic in 2015. The startup offers a neobroker that allows users to invest commission-free in stocks, ETFs and cryptocurrencies and create savings plans. In May this year, Trade Republic raised $900 million from investors including Sequoia, TCV, Thrive Capital, Accel, Creandum, Founders Fund and Project A(we reported).