Trade Republic raises €10m Series A financing led by Creandum to fuel its European expansion

– GERMANY, Berlin –  Trade Republic Bank, the mobile-only and commission-free broker, today announced a €10 million Series A round to expand its pioneering role in Europe. The financing is led by Creandum, which has invested in some of Europe’s leading technology companies including Spotify, iZettle and Klarna. Berlin-based Project A joins as Co-investor in Trade Republic.

“Following our successful launch, the fresh capital will enable us to accelerate our growth and drive our vision of providing mobile, easy and free stock market investing for everyone. We will expand our offering with new asset classes and app features. In the midterm, we will bring Trade Republic to further European markets,” says Christian Hecker, Co-Founder of Trade Republic. “We are very excited to be backed by Creandum and Project A. These two strong and experienced investors are joining us on our mission to build Europe’s first Neo Broker.”

Launched in January 2019, Trade Republic Bank introduced mobile and commission-free brokerage to Europe. The app combines an intuitive user experience to invest in capital markets with three taps on your mobile device, with the quality and security of a German bank. In addition, Trade Republic frees its customers from expensive and complex order commissions. For all asset classes and order sizes, investors only pay a fixed fee of one Euro per trade to cover the external costs of the transaction. Trade Republic’s offering is striking a chord with potential customers: Just a few months after launch, already a five-digit number of customers invest with Trade Republic.

“With a beautiful product, its innovative banking technology, and strong customer growth, Trade Republic is well equipped to disrupt brokerage in Europe”, explains Johann Brenner, General Partner at Creandum. “The Trade Republic app re-invents the way people can invest their money with a fair and transparent price advantage. We are very excited to work with the team and build a long-term partnership with Trade Republic”

“Investments in equities – directly or indirectly via ETFs – are essential for private investors in order to have the chance of a considerable return in a low-interest-rate environment. In Germany in particular, there is great potential for a significant increase in the number of shareholders. Trade Republic Bank is focusing on two key areas in order to make stock trading significantly more attractive for existing and new target groups: On the one hand by an unmatched low price for trading, on the other hand by the very fast accessibility of the investment opportunity via the intuitive mobile app. We are very pleased to provide support on this journey,” says Florian Heinemann, General Partner at Project A.

“We are proud that Trade Republic has reached another major milestone with the investments made by successful venture capital investors Creandum and Project A. With the fresh capital, the founders and their excellent team have the opportunity to further build their vision to make Trade Republic a synonym for mobile brokerage in Europe. We will actively support this together with the new investors,” explains sino’s CEO Ingo Hillen. Sino AG has been an investor in Trade Republic since 2017 and has made a significant contribution to the company’s success since then. 2018 Ingo Hillen became also a managing director of Trade Republic Bank.

In addition to renown partners such as HSBC and solarisBank, Trade Republic is now backed by international technology investors. The Fintech company will use the investment by Creandum and Project A to further improve and expand its offering. Customers can already invest in over 6,500 German and international stocks as well as more than 500 ETFs, without paying any order-commission. Starting today, investors can also trade a broad range of derivatives commission-free within the app. Therefore, Trade Republic provides the easiest, convenient and cost-effective solution for any investment strategy – from diversified ETFs over single stocks up to long and short derivatives. The Berlin-based Fintech company’s offering will be further improved by the elimination of fees for foreign dividends and the new stop loss order function.

Partnerships with HSBC and solarisBank guarantee a high level of quality and security. Trade Republic Bank holds a German banking license and is supervised by Germany’s Bundesbank and Bafin, the Federal Financial Supervisory Authority. The company has raised over €17 million in total so far.

About Trade Republic

The Trade Republic Bank is Germany’s first mobile-only and commission-free broker. The Trade Republic app provides a fast, mobile account opening, intuitive search and filter functions, a personal timeline as well as extended trading hours.

Trade Republic customers can trade more than 6,500 German and international stocks as well as over 500 ETFs on indexes, commodities, and currencies – commission-free.

Stock price-quality is supervised by the Hamburg Stock Exchange. Spreads are bound to the reference market XETRA (Deutsche Börse) if applicable.

With is cutting-edge technology, Trade Republic realizes cost advantages and passes them on to its customers: no commission fee, no account fee, no negative interest rates.

Trade Republic cooperates with renowned partners, such as HSBC and solarisBank, and holds a German banking license and is supervised by the Bundesbank as well as the BaFin (Federal Financial Supervisory Authority).

As the first German broker, Trade Republic started introducing mobile-only and permanently commission-free stock trading in January 2019.

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