TRADE REPUBLIC ROLLS OUT IN ELEVEN NEW MARKETS, NOW REACHING 340 MILLION EUROPEANS
Issuer: Trade Republic Bank GmbH / Key word(s): Expansion/Market Launch
18.10.2022 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
*TRADE REPUBLIC ROLLS OUT IN ELEVEN NEW MARKETS, NOW REACHING 340 MILLION EUROPEANS*
· Trade Republic is launching Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, Portugal, Slovakia and Slovenia
· The company is now reaching 340 million Europeans in 17 countries, including existing markets Germany, France, Italy, Spain, the Netherlands and Austria
· Saving with Trade Republic stays simple, secure and inexpensive: The account can be opened in just a few minutes; there is no order commission for executing an order
· With fractional shares, all customers can now easily invest into any stock or ETF at any Euro amount
*Berlin,** October 18th 2022.** Trade Republic, Europe’s largest savings platform, continues its European expansion. As of today, people in eleven additional markets can use Trade Republic to create wealth by investing their money. Available now in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, Portugal, Slovakia and Slovenia, Trade Republic is now present in almost all of the Eurozone, empowering **340** million Europeans to jump-start their wealth creation journeys with secure and easy access to capital markets.** *
“Inflation in the eurozone has risen sharply - this should be a wake-up call for all Europeans," says Christian Hecker, co-founder of Trade Republic. “All Europeans need to have access to capital markets to start fueling long-term investing, participate in economic growth and ultimately save-up for retirement. We built Trade Republic to enable them to do exactly that, and have now opened our doors to a total of seventeen markets, so Europeans everywhere can finally take their personal finances into their own hands.”
With its simple and intuitive offering, Trade Republic is now democratizing investing in the eurozone. The core of the product are free ETF and stock savings plans. The Trade Republic account can be opened in the app as well as on the desktop in just a few minutes. There is no order commission for executing an order, customers only pay one Euro fixed fee per trade to cover external costs. People can invest into single stocks, ETFs, Crypto or derivatives.
In early October, Trade Republic also added fractional investing to its platform. People can now invest any Euro amount into any stock at any budget. This has been lifting another huge entry barrier to the capital market because now, investors can afford any stock.
To change the financial system, Trade Republic has built a financial offering from scratch since 2015 with an easy-to-use product everybody can afford. With more than €1.3bn in venture capital investments by Sequoia, Peter Thiel’s Founders Fund or most recently Ontario Teachers’, Trade Republic will continue to strongly invest into further growth, expand its offering and launch new products to empower all Europeans to create wealth.
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Bettina Fries, Svenja Hoya
presse@traderepublic.com
*ABOUT TRADE REPUBLIC*
Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and commission-free access to capital markets. With over one million customers, Trade Republic is already the home screen app for many Europeans to manage their wealth. It offers investing in equities, derivatives, crypto as well as fractional savings plans. Trade Republic is a technology company supervised by Bundesbank and BaFin. As Europe’s largest savings platform, Trade Republic has received investments by Accel, Creandum, Founders Fund, Ontario Teachers‘, Project A, Sequoia, TCV and Thrive Capital. The company based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.
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