Amid the global downturn of the FinTech segment, the Berlin-based online broker unicorn Trade Republic secured another €250 million in a Series C extension at a valuation of €5 billion, PayCom42 reported. The round was led by Ontario Teachers’, one of the world’s largest pension funds and institutional investors, along with the participation of existing investors. Just a year ago Trade Republic raised $900 million in a Sequoia-led round. The German FinTech was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri.
Trade Republic Bank GmbH d/b/a Trade Republic is a BaFin-licensed securities trading bank with more than users milestone, as well as over $6bn in assets under management. It is one of the largest brokers in Germany. However, the company does not publicly disclose its financials, and its revenues are unknown. However, the Duesseldorf-based exchange operator Lang & Schwarz, through which the Trade Republic executes its trading, has presented business figures for 2021 (Finance Forward reported in February). From this, it can be concluded that traction seems to be intact at the online broker.
