Trade Republic Bank GmbH: CREANDUM AND PROJECT A LEAD TRADE REPUBLIC BANK'S EUR10 MILLION SERIES A
Summary
- Germanys first mobile-only and commission-free broker receives fresh capital to invest in expansion of offering and dynamic growth - The financing round is led by leading European VC Creandum; Berlin VC Project A as Co-investor - Just a few months after launch, already a five digit number of customers invest with Trade Republic Trade Republic Bank, the mobile-only and commission-free broker, announces a EUR10 million Series A round to expand its pioneering role in Europe. "Following our successful launch, the fresh capital will enable us to accelerate our growth and drive our vision of providing mobile, easy and free stock market investing for everyone. "With a beautiful product, its innovative banking technology and strong customer growth, Trade Republic is well equipped to disrupt brokerage in Europe", explains Johann Brenner, General Partner at Creandum. We are very excited to work with the team and build a long-term partnership with Trade Republic" "Investments in equities - directly or indirectly via ETFs - are essential for private investors in order to have the chance of a considerable return in a low-interest rate environment. With its unique organizational structure featuring 100 operational experts, Project A offers its portfolio companies hands-on support in the areas of Software Engineering, Marketing, Design, Communications, Business Intelligence, Sales and Recruiting.