Home » The Trader Republic App gets monstrous ratings. Discovering the European answer to Robinhood

The Trader Republic App gets monstrous ratings. Discovering the European answer to Robinhood

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Trade Republic diventa la FinTech rips the highest valuation in Europe in the fintech universe. Emulating the success of the US company Robinhood in becoming thefavorite app for younger traders, the company announced a $ 900 million Series C investment.
The Series C funding round is led by US venture capital firm Sequoia Capital e valued at more than $ 5 billion. The investment makes Trade Republic one of the most valued fintech companies in Europe. “At Trade Republic we believe that everyone should have the right to participate in the growth of the economy. This requires savings platforms to be accessible, affordable and open to all, ”says co-founder Christian Hecker. “The democratization of the financial markets will be one of the most important consumer trends of the next decade,” points out Doug Leone, partner of Sequoia. The funds raised will go to finance innovative investment products and to attract talent globally. “We expect the transaction to accelerate our growth,” continues Hecker.

Like Robinhood, Trade Republic has benefited from the growing interest from retail investors in the stock market. Trade Republic says Europeans are also pouring some of their savings into the financial markets as they struggle for obtain satisfactory returns due to extremely low interest rates.

Trade Republic: what it is and what it does

Fintech is headquartered in Berlin and aims to help millions of people across Europe invest money in financial markets easily and without commissions, going to remove the barriers for all those people who in the past could not participate in the growth of the economy. “50% of our clients, over 500,000 people, had never invested in a financial market in their entire life. We also give access to new forms of investment to those people who have been neglected by the big banks for too long due to high fees and opaque products.“, He adds Thomas Pischke, co-founder. “With over € 6 billion in assets under management, we are the leading savings account for our clients“.
In 24 months, fintech has reached one million customers and today, “with over 6 billion euros of assets under management, we are the main savings account for our customers,” adds Pischke. At the heart of the Trade Republic offer stand the savings plans on ETFs and shares, which allow people to invest for free on a regular basis. In addition to allowing you to invest in stocks without commissions, Trade Republic recently added the trading of cryptocurrencies to its offering, so that its clients can further diversify their investments.

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