![]() ![]() “We plan to introduce a sequence of savings features in the next couple of months. “We want to be the one-stop shop for trades, and we want to grow that as a safe space,” said Christian Hecker, co-founder and CEO of Trade Republic, in an interview this week. It’s currently available in Germany and Austria, with plans to add more countries soon. It has picked up more than 150,000 customers in that time, collectively managing more than €1 billion through the app. ![]() This is one of the largest Series B rounds for a fintech startup in the region and comes on the heels of the company’s commercial launch last year. (Its Series A last year was led by Creandum.) It’s not disclosing its valuation right now. The Series B is being co-led by Accel and Founders Fund, and it brings the total raised by the Berlin-based startup to just over €80 million. Trade Republic - which lets people buy and sell shares, exchange-traded funds (ETFs) and derivatives by way of a mobile app, paying just €1 ($1.09) in fees (no commission) - is today announcing the it has closed €62 million ($67 million at today’s rates) in funding to expand its business into more markets in Europe and to move into adjacent business lines in the near future. Now a startup out of Germany built on a similar premise is announcing a big round of funding from some top investors to continue its growth. ![]() In the U.S., Robinhood has led the charge in upending the stock investing model through its mobile-first, minimal-step, commission-free trading platform. ![]()
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