Ex-Merrill Banker’s Trading App Valued at Over $5 Billion
- Trade Republic raised $900 million investment led by Sequoia
- Company likely to break even 2022, M.M. Warburg says in note
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Broker app Trade Republic Bank GmbH, founded by former Merrill Lynch banker Christian Hecker, has become one of Germany’s biggest fintech firms by valuation.
The Berlin-based company finished a $900 million financing round with investors including Sequoia, TCV, Thrive Capital, and Peter Thiel’s Founders Fund, it said in a statement on Thursday. The round valued Trade Republic at more than $5 billion.