Online Trade Republic broker attracted $ 900 million when estimated at $ 5 billion
Online TRADE REPUBLIC has attracted $ 900 million when estimated at $ 5 billion
Friendly to cryptocurrencies, the online cross-cutter Trade Republic has attracted $ 900 million as part of the round of financing of the series C. Investors estimated the German company at more than $ 5 billion.
Trade Republic Announces $ 900m Investment, Led by @sequoia, To Drive Its Mission to Help Close EUROPE PENSION GAP. With a Valving of $ 5.3b Trade Republic is Amongst the Most Valuable Fintechs in Europe. Pic.Twitter.COM/5NYTJNAMIU
– Trade Republic (@Traderepublicde) May 20, 2021
Investraund headed the venture fund Sequoia Capital. The company was also supported by TCV, Thrive Capital, Accel, Founders Fund, Creandum and Project a.
Trade Republic offers customers the trade in fractional shares and shares of exchange funds. In April 2021, the application became possible to carry out transactions with bitcoin, Ethereum, Litecoin and Bitcoin Cash.
The company operates in Germany, France and Austria. According to the press release, Trade Republic Manages Assets worth more than € 6 billion. Over the past 24 months, its user base has grown to 1 million people, half of which have not previously invested in capital markets.
In a conversation with TechCrunch, the co -founder of Trade Republic Christian Heker said that fresh funding would be directed to international expansion. Over the next four months, the company expects to enter the markets of all countries of the European Union.
Recall that in March 2021, the Robinhood online Broker submitted to the US Securities and Exchange Commission an application for a primary offer of shares.
Earlier, the Uphold financial platform has received the approval of regulators for the purchase of an American JNK Securities broker.