Trade Republic Milestone: 4M Customers, €35B Investment!

Trade Republic has proudly announced that it has reached a significant milestone of attracting 4 million customers across 17 countries, who collectively invested an impressive €35 billion through the platform. This announcement came as part of the company’s celebration of its fifth anniversary, showcasing the substantial growth it has experienced since its inception.

Trade Republic, originally established in 2019 as a German brokerage firm, traces its roots back to 2015 when it started as Neon Trading in a startup incubator. The company’s transformation into Trade Republic was facilitated by a substantial investment of €60 million from various venture capitalists. Notably, Trade Republic reported profitability in both its 2023 financial year (ending 30 September 2023) and the entire calendar year of 2023.

The company’s journey to success began in February 2019 when it opened its platform for commission-free trading to a select group of clients. Within just one year, Trade Republic expanded its user base to over 150,000. Its growth trajectory continued with substantial funding rounds, including a $900 million investment in 2021 and an additional $250 million in 2022, elevating its valuation to an impressive $5 billion.

Trade Republic: 4M Customers, €35B Investments, New Savings Visa

In addition to celebrating its customer base milestone, Trade Republic is introducing a new product to its offerings – a Visa debit card designed to mark the startup’s fourth birthday. The card provides innovative savings benefits, automatically investing a 1% “Saveback” on purchases into the cardholder’s Trade Republic savings plan. The card also features a round-up option, enabling users to invest their spare change from purchases into any asset available on the platform.

Trade Republic’s new Visa debit card comes with no monthly fees and provides perks such as free ATM withdrawals worldwide. Customers have the option to choose between a paid classic card, a mirrored design card, or a free virtual card. According to the company, the card’s launch aligns with its mission to empower individuals, regardless of income, to initiate their savings plan and start building wealth with every spending activity.

The company emphasizes that the introduction of the new card, along with its growing customer base, solidifies Trade Republic’s position as one of the leading financial platforms in Europe. Notably, three years ago, Trade Republic made headlines when it, similar to Robinhood, imposed restrictions on its users, prohibiting them from buying red-hot meme stocks of GameStop and AMC.

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