Berlin based neobroker Trade Republic has secured $900 million in Series C funding led by Sequoia Capital, making it one of the largest fintch funding rounds in Germany. The funding round also witnessed participation from new investors Thrive Capital and TCV and as well as existing investors Project A Ventures, Creandum, Founders Fund and Accel. The funding was raised at an estimated valuation of $5 billion, bringing the total amount of funding to around $1 billion in the German startup.
Founded in 2015 by Christian Hecker, Marco Cancellieri and Thomas Pischke, Trade Republic is a mobile-only and commission-free broker similar to the US unicorn RobinHood, that provides investment opportunities to its users across stocks, ETFs, and derivatives.
