Overview
- Existing backers led by Peter Thiel’s Founders Fund bought shares from early investors, providing liquidity without adding new capital to the company.
- The transaction sets a valuation roughly double the ~€5 billion mark reported in 2022.
- Trade Republic serves more than 10 million customers with about €150 billion in client assets across its European footprint.
- The company reports three consecutive years of profitability, with €340 million in revenue to September 2024 and €34.8 million in recent profit.
- A full ECB banking license secured in 2023 enabled current accounts with local IBANs and interest pass-throughs, with €2.5 billion paid to customers and new offerings in private markets, fixed income and a crypto wallet.