The entry into the eleven markets takes place simultaneously, with a considerable effort of organization by the Berlin headquarters. To finance the expansion, the mega-round of 250 million that Trade Republic closed in June, in a lean period for venture capital in the world. Today the valuation of the fintech is 5 billion euros and in the shareholders 'register there are leading names of the tech such as Sequoia, Peter Thiel's Founders Fund and, more recently, Ontario Teachers'.
Trade Republic is a startup that is part of the mega trend of neo brokers: young operators who facilitate access to the financial market, usually through smartphone applications that allow trading of shares, fractional shares and ETFs as well as organizing savings plans by eliminating the brokerage of banks. The new brokers turn directly to the investor to "democratize" access to the financial markets.
"Our growth trajectory shows no signs of slowing down for one simple reason: investing is still too complex, there is so much work to do and this motivates us to continuously expand our offer ", said Emanuele Agueci, Italian country manager of Trade Republic who with the expansion announced today will also take the lead in the market in the Baltic countries.
Inflation alarm bells for Europe
According to Trade Republic co-founder Christian Hecker, now is the right time for expansion, with war in Ukraine threatening peace of mind Europe and the energy crisis that puts the industrial system in crisis. "Inflation in the eurozone has soared: this should be a wake-up call," he said. "All Europeans must have access to capital markets to fuel their long-term investments, participate in economic growth. and, finally, being able to save for retirement. From today we have the doors open in seventeen markets, so that anyone can finally take their finances in hand ”, he commented.After the European campaign, the focus is all on other future projects. The startup, in its note, promises to continue "to invest heavily in further growth, to expand its offer and launch new products".