US EditionThiel Boosts Trade Republic Stake Through €1.2 Billion Secondary
29 Articles
29 Articles
From mobile brokers to billions of companies: Trade Republic is growing faster than many expected, and success is changing competition in the banking sector.
Trade Republic is becoming Germany's most valuable start-up. It is remarkable that with the Neobroker a financial company is at the top of the ranking. It says a lot about cultural change in Germany. It is also exciting who is now counting on the Berliners.
The Online Broker Trade Republic has been rated as high as never before when it comes to the sale of company shares. The move does not bring additional money to the company, but takes the pressure to go to the stock market.
The growth is rapid: in 2019 Trade Republic starts as an online broker, since then the financial platform has been booming. Now it has overtaken another prominent German startup.
Trade Republic lays the foundations for consolidating its growth after becoming the second largest technology company in Europe behind Revolut. The German-born neobank has closed a secondary funding round of 1.2 billion that boosts the group’s valuation by 12.5 billion with which it supports its long-term growth plan to become one of the main digital banking and savings platforms. The round has seduced funds such as Wellington Management, the Si…
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