Trade Republic Raises €250M in Series C Extension at $5B Valuation
Source: Fanny
German neobroker Trade Republic has topped up its Series C funding round with an extra €250 million at a €5 billion valuation.
The Ontario Teachers' Pension Plan Board led the extension, adding to last year's $900 million round led by Sequoia.
Founded in 2015 and licensed in Germany, Trade Republic is a European equivalent of US unicorn Robinhood, enabling users to invest in stocks, ETFs, derivatives and crypto - mobile and commission-free.
The firm claims more than a million customers across six European markets.
Christian Hecker, co-founder, Trade Republic, says: "The financing will help us to invest strongly into product innovation to empower millions of Europeans to put their money to work."
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