Trade Republic company profile: valuation, funding & revenue

This Trade Republic company profile covers the company's valuation, revenue, funding rounds, investors and history. Trade Republic works in fintech, with a focus on online broker, savings and banking. It was founded in 2015 and is headquartered in Berlin, Germany. Its latest valuation on record is €12.5 billion (December 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Trade Republic timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Trade Republic is founded in Berlin by Christian Hecker, Thomas Pischke and Marco Cancellieri.
• Dec 2025 — Secondary sale: €1.2B, valuing the company at €12.5B. Investors: Founders Fund (lead); Sequoia, Accel, TCV, Thrive Capital; new: Wellington, GIC, Fidelity, Khosla Ventures, Lingotto, Aglaé.
• December 2025 — Customers: More than 10 million, 70% of them first-time investors.
• December 2025 — Customer assets: More than €150 billion.
• December 2025 — Profitability: Profitable for three years.

Investors

Overview

Trade Republic is a Berlin-based broker and bank that lets people in Europe invest in shares, exchange-traded funds (ETFs), bonds, crypto and other assets from a mobile app, with very low fees. It made regular investing simple and cheap through savings plans, where customers invest a fixed amount automatically each month, and it pays interest on cash balances. It has added a debit card, current account features, child savings accounts and access to private markets, and holds a full banking licence.

Christian Hecker, Thomas Pischke and Marco Cancellieri founded Trade Republic in 2015, and it launched its app to the public in 2019. Hecker had worked in investment banking and saw how expensive and complicated investing was for ordinary Europeans. The company has grown to more than 10 million customers across Europe.

How Trade Republic makes money

Trade Republic charges a small flat fee per trade, while savings plans are typically free. It earns significant income from interest on customer cash, since it holds large deposits and earns more on them than it pays out, and from card interchange and other services. It also receives payments from trading venues, though EU rules are phasing out payment for order flow. With more than €150 billion in customer assets, small margins add up to substantial revenue, and the company says it has been profitable for three years.

Valuation and the 2025 secondary

On 17 December 2025, Trade Republic announced a €1.2 billion secondary transaction at a €12.5 billion valuation. In a secondary, investors buy shares from existing shareholders, so the company raised no new money. Founders Fund led, with Sequoia, Accel, TCV and Thrive Capital increasing their stakes. New shareholders included Wellington Management, GIC, Fidelity, Khosla Ventures, Lingotto and Aglaé, the Arnault family's technology investment arm. Our guide to secondaries explains how these transactions work.

Trade Republic has raised more than €1 billion in primary capital over its life, and said it doesn't need new capital.

Growth

Trade Republic says its customer base doubled in the 18 months to December 2025, and that 70% of customers are first-time investors. In 2025 it localised its offering in France, Italy, Spain, the Netherlands and Austria, and launched child savings accounts, private markets, fixed income and a crypto wallet. It received a full banking licence from the European Central Bank in 2023.

Revenue

Trade Republic files accounts in Germany, and some press and data sites have reported figures from them. We haven't confirmed a figure from a primary source, so we show revenue as not disclosed here and will update it when we can.

The pension opportunity

Hecker has framed Trade Republic's mission around Europe's pension gap. Public pension systems in many European countries face pressure from ageing populations, and governments, including Germany, have introduced reforms encouraging private retirement saving. Compared with Americans, Europeans keep a much larger share of their savings in bank deposits rather than investments. If that shifts, low-cost brokers stand to benefit. Trade Republic argues that the move to retail investing in Europe is just beginning.

Competitive landscape

Trade Republic competes with other European neo-brokers such as Scalable Capital, eToro and Bitpanda, with banks' brokerage services, and with fintech apps that added investing, including Revolut and N26. Its advantages are a banking licence, very low costs, interest on cash, and a reputation for simplicity.

What to watch next

Watch customer and asset growth outside Germany, the effect of interest rate cuts on income, EU rules on payment for order flow, new products, and any IPO plans.

Key facts at a glance

Trade Republic is a Berlin broker and bank founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri. It has more than 10 million customers and more than €150 billion in customer assets, has been profitable for three years, and was valued at €12.5 billion in a €1.2 billion secondary share sale led by Founders Fund in December 2025.

Why interest income matters for neo-brokers

When interest rates rose in 2022 and 2023, brokers and banks holding large amounts of customer cash suddenly earned much more on it. That transformed the economics of many fintechs, Trade Republic included, and helped several reach profitability. As rates fall, that income shrinks, so brokers need to grow assets and trading activity to compensate. When judging a broker's profitability, look at how much depends on interest versus trading fees and other services.

Questions to ask when choosing a broker

• Is it a licensed bank or broker, and how are customer assets protected?
• What are the total costs, including spreads and currency conversion?
• Which ETFs and savings plans are available, and are there fees?
• How is tax reporting handled in your country?

Savings plans and the habit of investing

One of Trade Republic's most important products is the savings plan, which automatically invests a fixed amount, sometimes as little as one euro, into an ETF or share every month, often with no fees. That turns investing into a habit rather than an occasional decision, and it brings in steady flows of money regardless of market conditions. For a broker, savings plans also build long-term customer relationships and growing assets, which matter more for revenue than occasional trades.

What this means if you're…

A European investor: compare brokers on total cost, product range, tax reporting and deposit protection.

A fintech founder: Trade Republic shows the value of a banking licence and a simple product for mass-market customers.

An investor: secondary prices are useful valuation markers; compare them with customer assets and profitability.

Latest developments (October 2026)

Trade Republic's December 2025 secondary sale of €1.2 billion, led by Founders Fund, valued it at €12.5 billion, according to FinTech Futures. The broker has more than 10 million customers and about €150 billion in assets, and says it is profitable. In September 2026 an investor in a listed fund that holds shares speculated about another secondary sale, according to stock3; nothing has been confirmed. See our largest German startups guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. EQS News (via TradingView)