Tag: Trade Republic

Marking five years since its inception, the German FinTech Trade Republic has grown to become Europe's largest broker and a leading savings platform. Boasting a customer base of 4 million across 17 countries, the company now manages assets totaling around €35 billion. The fintech concluded its 2023 financial year with a net profit while concurrently offering its customers the European Central Bank's (ECB) interest rate of 4% per annum.

It was a challenger to Trade Republic, Scalable Capital and the like for a while, but now the Dutch neobroker BUX belongs to a bank. ABN AMRO announced today that it has acquired BUX and its approximately 500,000 customers. This comes as no surprise to observers, as ABN AMRO Ventures, the bank's investment arm in start-ups, was one of the fintech broker's early backers. BUX is available in several EU member states.

The recent sharp rise in crypto prices points to the next crypto bull run. This means that regulated retail brokers such as Robinhood, Trade Republic, Coinbase, and Bitpanda will be courting customers and their funds, and scammers will be looking for potential victims with fake campaigns. If you plan to try your luck as a retail trader, you should first spend a lot of time selecting your broker. Avoid unregulated providers at all costs.

Amidst the challenges posed by the crypto winter since early 2022, fintech brokers like the German-based Trade Republic and its American counterpart Robinhood are gearing up for a shift in the tide. Trade Republic recently made headlines with its new banking license awarded by Germany's BaFin, marking a significant milestone. Meanwhile, Robinhood is expanding to Europe, introducing its crypto app to the European market, aiming to allure users with attractive rewards and competitive fees.

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.