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Berlin s Trade Republic nabs $900M led by Sequoia at a $5B valuation to take its neo-broker app across Europe – TechCrunch

Berlin’s Trade Republic nabs $900M led by Sequoia at a $5B+ valuation to take its neo-broker app across Europe Consumers are moving into investing to complement or in some cases, offset less good returns from things like traditional savings accounts with low interest rates or pensions, and today one of the bigger “neo-brokers” in Europe helping to open up that opportunity is announcing a monster round of funding to fuel its growth. Trade Republic, which lets people buy and sell shares, exchange-traded funds (ETFs), derivatives and (most recently) cryptocurrency by way of a mobile app that does not charge commissions (but does have a fee structure for various services), has raised $900 million in a Series C round of funding that values the Berlin startup at $5.3 billion, the startup confirmed.

Trade Republic Raises $900M in Series C Funding

Trade Republic, a Berlin, Germany based NeoBroker, raised $900m in Series C funding. The round, which valued the company at over $5 billion, was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and Project A. The company intends to use the funds to continue to expand operations and its business reach. Founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri, Trade Republic enables people across Europe to invest money into capital markets with a commission-free offering. At the core of the company’s offering is an ETF or fractional stock savings plan, which allows people to invest free of charge on a regular basis. Trade Republic also recently added crypto currencies.

Trade Republic snags $900 million in fundiing

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Trade Republic snags $900 million in fundiing 4 hours ago 1 German neobroker Trade Republic has scored the country s largest ever fintech funding round, a $900 million Series C that puts a $5 billion price tag on the six-year old firm. The investment was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and Project A. Founded in 2015 and licensed in Germany, Trade Republic is a European equivalent of US unicorn RobinHood, enabling users to invest in stocks, ETFs, and derivatives - mobile and commission-free.

Robinhood s European Rival Trade Republic Raises $900 Million at $5 3 Billion Valuation

Robinhood s European Rival Trade Republic Raises $900 Million at $5 3 Billion Valuation
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Ex-Merrill Banker s Trading App Valued at Over $5 Billion

Ex-Merrill Banker’s Trading App Valued at Over $5 Billion May 20 2021, 7:11 PM May 20 2021, 3:30 PM May 20 2021, 7:11 PM (Bloomberg) Broker app Trade Republic Bank GmbH, founded by former Merrill Lynch banker Christian Hecker, has become one of Germany’s biggest fintech firms by valuation. (Bloomberg) Broker app Trade Republic Bank GmbH, founded by former Merrill Lynch banker Christian Hecker, has become one of Germany’s biggest fintech firms by valuation. The Berlin-based company finished a $900 million financing round with investors including Sequoia, TCV, Thrive Capital, and Peter Thiel’s Founders Fund, it said in a statement on Thursday. The round valued Trade Republic at more than $5 billion.

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