Trade Republic Attracts 4 Million Customers by Its 5th Anniversary

<img width="250" height="141" src="https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-250×141.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Trade Republic" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-250×141.jpg 250w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-700×394.jpg 700w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-768×432.jpg 768w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-120×68.jpg 120w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-245×138.jpg 245w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic-500×281.jpg 500w, https://www.leaprate.com/wp-content/uploads/2024/01/Trade-Republic.jpg 1024w" sizes="(max-width: 250px) 100vw, 250px" /><p>The growth trajectory is a testament to the company’s evolution since its inception in 2019 as a German brokerage firm. Its roots date back to 2015 when it operated under Neon Trading within a startup incubator.</p>
<p>Trade Republic’s journey began in earnest in 2019 when it opened its platform for commission-free trading to a select group of clients. Within a year, it garnered over 150,000 users, a remarkable feat that set the stage for its subsequent rapid expansion.</p>
<p>The company’s growth was propelled by strategic investments, including a substantial infusion of €60 million from various venture capitalists. Notably, funding rounds of $900 million in 2021 and an additional $250 million in 2022 elevated Trade Republic’s valuation to an impressive $5 billion.</p>
<p>Christian Hecker, the Founder of Trade Republic, highlighted the company’s mission over the past five years, stating, “Over the past 5 years, Trade Republic has made investing easier, more transparent and affordable than ever before for millions of Europeans.”</p>
<p>Having established itself as one of the largest retail brokers in Europe, Trade Republic recently obtained a full banking license from the European Central Bank, further solidifying its standing in the financial sector.</p>
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<p>To celebrate its anniversary and remarkable customer base, Trade Republic introduced a new product – a Visa debit card designed to integrate spending and savings.</p>
<p>The innovative card offers a unique “Saveback” feature, providing a 1% reward on purchases, which is then invested back into the cardholder’s Trade Republic savings plan. Additionally, a round-up feature allows users to invest their spare change from purchases into any available asset on Trade Republic’s platform.</p>
<p>The new Visa card has no monthly fees and offers attractive benefits such as free ATM withdrawals worldwide. Customers can choose between a paid classic or mirrored design card or a free virtual card.</p>
<p>Commenting on the new offering, Hecker emphasised, “Every act of spending is an act of savings. This empowers everyone, regardless of income, to start their savings plan and build wealth.”</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/financial-services/trade-republic-attracts-4-million-customers-by-its-5th-anniversary/">Trade Republic Attracts 4 Million Customers by Its 5th Anniversary</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>