The funding helps Trade Republic’s valuation hit the $5.3B mark. Here are the top-line bullets you need to know.
Trade Republic, a commission-free trading app, has raised $900M in a Series C with participation from Founders Fund, Sequoia Capital, Accel, and Technology Crossover Ventures, among others.
How’s the company performing?
- Berlin-based Trade Republic is an app-only trading platform that allows customers to trade stocks, ETFs, cryptocurrency, and other products, commission-free.
- Trade Republic recently launched commission-free trading of crypto assets like Ethereum, Litecoin, Bitcoin, and Bitcoin Cash. The company will charge a €1 fee for third-party execution.
- The company recently expanded its operations to Austria and France and has over 400 employees across its offices.
- Trade Republic has 1M+ customers and over €6B ($7.33B) in assets under management.
Source: Trade Republic
Why does the market matter?
- The fintech market is projected to grow at a CAGR of 22.2% to reach a value of $305B by 2025, according to Market Data Forecast.
- Global fintech adoption stands at 25% and provides an enormous opportunity for growth to service providers and first movers.
- Negative interest rates, inflation, and the increasing acceptance of fintech have contributed to the industry’s growth.
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