Tag: Christian Hecker

Berlin-based fintech Trade Republic has achieved a significant milestone by obtaining a full banking license from the German financial supervisory authority, BaFin. This development places Trade Republic alongside prominent fintech banks like N26 and Solaris, expanding its capabilities beyond its current status as a securities trading bank. Previously, the broker partnered with licensed banking partners like Deutsche Bank.

Amid the global downturn of the FinTech segment, the Berlin-based online broker unicorn Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion, PayCom42 reported. The round was led by Ontario Teachers', one of the world's largest pension funds and institutional investors, along with the participation of existing investors. Just a year ago Trade Republic raised $900 million in a Sequoia-led round. The German FinTech was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri.