Trade Republic, a Berlin, Germany based NeoBroker, raised $900m in Series C funding.
The round, which valued the company at over $5 billion, was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and Project A.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri, Trade Republic enables people across Europe to invest money into capital markets with a commission-free offering. At the core of the company’s offering is an ETF or fractional stock savings plan, which allows people to invest free of charge on a regular basis. Trade Republic also recently added crypto currencies.
The team has over 400 employees.