“Italians are world savings champions, but more than one in two has never invested: our real challenge is to win this mentality and we want to do it with a simple, free and secure system”. It is with this objective that Trade Republic lands in Italy, a savings platform that allows anyone to invest in shares and ETFs, on which they can build monthly savings plans starting from 10 euros in order to compensate for the widening “pension gap” increasingly between current salary and future pension.
All via mobile app, with the simplicity of being able to invest in three taps on your smartphone, with a method that has convinced more than one million users in the markets of Germany, Austria and Switzerland with assets under management for over 6 billion euros.
The data, however, relate to last April: since then Trade Republic made its debut in France, Spain and now in Italy and has put in the farm resources for 900 million dollars in a round that has brought its valuation to five billion. one of the fastest growing private fintechs in Europe: “We are satisfied with the welcome we have had in France and Spain, where we have had a stronger initial growth than in Germany”, continues the CEO and cofounder Christian Hecker.
Expectations are also high for the Italian market, where the waiting list opened in the summer recorded double-digit subscriptions of thousands of people.
The Trade Republic target regardless of age and extends to that large portion of people who have never invested and have not done so due to high costs, complex and unsafe systems. Instead, the German fintech, backed by its banking license obtained in Germany with related guarantees, offers the possibility of investing in over 9 thousand Italian and international shares and ETFs, without commissions and with a fixed cost of one euro per transaction.