Could Stock App Trade Republic Give Robinhood a Run for its Money in the Future?
Posted on 04/19/2020
Berlin-based Trade Republic is a no-commission fee stock trading app. Trade Republic raised €62 million in Series B funding co-led by Accel and Founders Fund. Peter Thiel is a Partner at Founders Fund. In the United States, despite some major hiccups during highly-volatile stock trading times, the Robinhood app has gained a large following of stock traders. Trade Republic lets users buy and sell shares, exchange-traded funds (ETFs), and derivatives via mobile app, paying just €1 in fees.
In 2017, German online brokerage company sino AG joined Trade Republic as a strategic investor and owns 30% of the share capital of Trade Republic. Sino AG owns its shares in Trade Republic through its unit sino Beteiligungen GmbH.
In July 2019, Creandum led a €10 million plus Series A round into Trade Republic. Project A invested in the Series A round.
Trade Republic is currently available in Germany and Austria. Trade Republic holds a German banking license and is supervised by the Bundesbank as well as the BaFin (Federal Financial Supervisory Authority). The German-based company was formed in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.
Keywords: Trade Republic Bank GmbH.
