Trade Republic Raises €62 Million Series B Round Led by Accel and Peter Thiel's Founders Fund

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TRADE REPUBLIC RAISES €62 MILLION SERIES B ROUND LED BY ACCEL AND PETER THIEL'S FOUNDERS FUND

– One of the largest FinTech Series B rounds in Europe will fuel Trade Republic’s development of the European platform for saving, investing, and trading into capital markets

– In the eleven months since its launch, Trade Republic has attracted over 150,000 customers, who are managing almost one billion euros in assets through the app

– Global venture firms Accel and Founders Fund lead financing round; existing investors Creandum and Project A also participate

B ERLIN, 17 April 2020

Mobile investing pioneer Trade Republic today announces it has raised a €62 million Series B round led by Accel and Founders Fund, to further the development of a European platform for mobile saving, investing, and trading. One of the largest Series B rounds for a European FinTech, it comes only nine months after Trade Republic’s Series A round. In Accel and Founders Fund, Trade Republic gains two of the world's most renowned technology investors, as it opens up investing in the capital markets for more people across Europe.

Berlin-based Trade Republic was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri. It allows everyone to invest in stocks, ETFs, and derivatives – mobile and commission-free. Quality and service have been an important focus from start, and 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 a Trade Republic account, making it Europe's leading Neo Broker.

"We empower everyone to take their financial investments into their own hands," says Christian Hecker, Co-Founder of Trade Republic. "About 85% of assets of European households are in bank accounts with mostly zero or negative interest rates. Our app enables people to invest their money safely, quickly, and transparently. By doing so, we are democratizing access to capital markets. With the intuitive Trade Republic app, everyone can save, invest and trade easily and commission-free.”

Consumer trust in the app is reflected in the amount of capital customers have already invested through it: Almost one billion euros are now managed through Trade Republic. "Nearly one-third of our customers buy their very first stock with Trade Republic. This demonstrates how we are empowering people, whose needs haven’t been met by traditional banks, to put their money in the capital markets for the first time," Christian Hecker continues.

Global venture firm Accel has previously invested in tech giants such as Facebook, Slack, and Spotify, which have transformed their industries. “Trade Republic’s team impressed us with its vision, beautiful product, strong traction, and clear potential to become the European leader for mobile smart investing. We are particularly excited about the strong focus on long-term savings and better access to the capital markets, which Trade Republic makes easier and more affordable," says Luca Bocchio, Partner at Accel.

Founders Fund, which is backed by Peter Thiel and has already invested in companies such as Palantir, AirBnB, and SpaceX, is making its largest investment in recent years in Germany with its Series B investment in Trade Republic. “Trade Republic’s rapid growth in Germany testifies to the superiority of its technology platform over legacy offerings. The company is poised to become a major player in European finance,” says Peter Thiel, Partner at Founders Fund.

"This support from some of the world's leading technology investors brings with it the financial resources and networks to enable us to substantially change the European investing market over the coming years," explains Co-Founder Thomas Pischke. The investment will be used to further support the company's dynamic growth. Following the successful launch of its waiting list in Austria, the company plans to open up trading there in the next couple of months and then expand across Europe in the coming years. Based on its proprietary technology platform, Trade Republic also intends to launch new products to enable even more people to build up their assets easily and commission-free. These developments will be supported by the rapidly growing Trade Republic team, which will soon number 100 employees. "We want to grow as a technology company and continue to attract the brightest minds to our team," says Thomas Pischke.

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ABOUT TRADE REPUBLIC Trade Republic is a European platform for mobile investing. With its intuitive app, people can save, invest, and trade on the capital markets commission-free with just three taps. Trade Republic's vision is for everyone to have the opportunity to take managing their investments into their own hands.

Trade Republic is a bank licensed in Germany and supervised by the Bundesbank and BaFin. Their cooperation with well-known partners such as HSBC, BlackRock, and solarisBank underlines the high quality and security of their service. The company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri. Trade Republic's investors include Accel, Creandum, Founders Fund, and Project A, as well as sino AG.

ABOUT ACCEL Accel is a leading venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth. Atlassian, Algolia, Avito, Celonis, Cloudera, Crowdstrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Funding Circle, Kayak, Kry, QlikTech, Rovio, Slack, Spotify, Supercell, UIPath and WorldRemit are among the companies the firm has backed over the past 35+ years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn't have a stereotype. For more, visit www.accel.com, www.facebook.com/accel or www.twitter.com/accel

ABOUT FOUNDERS FUND Founders Fund invests in the world’s most important and valuable companies across all sectors and stages. The firm’s partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Airbnb, Stripe and Facebook. Founders Fund pursues a founder-friendly investment strategy, providing maximum support with minimum interference. More information is available at www.foundersfund.com.