Trade Republic, a Berlin, Germany-based mobile investing company, raised €62m in Series B funding.
The round was led by Accel and Founders Fund.
The company intends to use the funds to expand operations, expand across Europe, and further the development of its platform for mobile saving, investing, and trading.
Founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri, Trade Republic allows everyone to invest in stocks, ETFs, and derivatives via mobile. Trade Republic is licenced in Germany, supervised by the Bundesbank and BaFin and counts HSBC, BlackRock, and solarisBank as partners. Since its launch in May 2019, more than 150,000 customers have opened an account and almost one billion euros are now managed through it.