Trade Republic secured a secondary transaction of 1.2 billion euros that sets the company’s valuation at 12.5 billion, the digital broker announced this Wednesday, 17th.
The operation allowed the acquisition of initial shareholder stakes by existing investors and new institutional investors.
The round was led by funds already present in the capital — Founders Fund, Sequoia, Accel, TCV and Thrive — and attracted long-term investors such as Fidelity, Wellington and GIC, as well as family offices Europeans linked to the Arnault (Aglae) and Agnelli (Lingotto) families.
According to the company, the transaction reinforces the shareholder base, despite Trade Republic having been profitable for three years and not needing new capital.
The platform claims to have more than ten million customers who manage around 150 billion euros in assets, of which 70% are novice investors.
The operation serves, according to the company, to support the long-term growth plan aimed at making Trade Republic a leading digital banking and savings platform in Europe.
Christian Hecker, co-founder, recalls that Trade Republic was launched in 2019 “with the mission of helping to reduce the pension deficit in Europe. Today, this mission is more relevant than ever.” Hecker adds that the company has doubled its customer base in the last 18 months.
Pablo López, country manager for Portugal and Spain, states that the fact that Trade Republic has become “the second largest technological startup in Europe and the first in Germany reinforces the credibility of the model and confirms that savings and long-term investment are already a priority for millions of Portuguese and Europeans”. López also highlights the growing number of new investors in Portugal.