Trade Republic receives EUR 250 million

Wednesday 8 June 2022 13:01 CET | News

Germany-based online broker Trade Republic has secured EUR 250 million in an extended Series C financing round. 

They are supervised by the Federal Bank of Germany and BaFin (Federal Financial Supervisory Authority). Via their mobile app, shares, derivatives, and cryptocurrencies can be traded. The current investment was led by the Canada-based pension fund Ontario Teachers. The fund primarily finances growth companies that are on the way to an IPO. Existing investors have also increased their shares again.

The brokerage app completed a Series C financing round in May 2021, in which they received almost EUR 740 million, including investments from venture capitalists Sequoia and TCV. According to a Trade Republic representative, the post-money valuation will increase to EUR 5 billion after the second deal. Trade Republic launched its app in 2019 that allows users to participate in stock trading. Customers only pay EUR 1 for each booking made, such as the purchase of new shares.

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Keywords: investment, financing , banking, BaFin, IPO, Venture Capital
Categories: Banking & Fintech
Companies: Trade Republic
Countries: Germany
This article is part of category

Banking & Fintech

Trade Republic

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