Latest news with #TradeRepublic
Business Wire
22-07-2025
- Business
- Business Wire
Trade Republic Launches Its Dutch Banking Offering, Challenging Local Banks With a Free Current Account With a Dutch IBAN and 2% Interest Uncapped on All Cash Deposits
AMSTERDAM--(BUSINESS WIRE)-- Three years after its launch in the Netherlands, Trade Republic has established itself as an important part in the financial lives of 200,000 Dutch customers. With the new current account, customers can send money to anyone, add or withdraw funds from other banks instantly, and earn 2 percent interest on their cash. Both new and existing customers benefit from the ECB rate of 2 percent on their entire cash balance. The current account completes Trade Republics card offering with the unique Saveback feature, earning a 1 percent Saveback reward for every card payment back into their savings plan. As Europe's largest savings platform – with more than 8 million customers and over 100 billion euro in assets under management – Trade Republic once again reinforces its commitment to making banking and long-term wealth building simpler and more affordable for all Europeans. Trade Republic now provides everything Dutch customers need to make the most of their money. '3 years after launching in the Netherlands, we're proud to serve 200,000 customers. With our Dutch branch, our attractive saving and investing products come with all local benefits, making it the best offering for your money on the market,' says Christian Hecker, Co-Founder of Trade Republic. 'With our free current accounts featuring Dutch IBANs, the ECB interest rate of 2 percent uncapped on all cash balances, free savings plans and automated taxes, we're empowering a new generation of Dutch savers to put their money in their own hands.' Dutch household savings reached a new record in December 2024, surpassing 600 billion euro. Ipsos I&O research commissioned by Trade Republic however shows that 59 percent of Dutch savers are unhappy with the interest offered by their banks. In April 2025 the average interest rate on current accounts was only 0,11 percent. Trade Republic is proud to offer Dutch customers the most transparent and fair interest rate on the market: the full ECB rate, currently 2 percent, on their entire current account balance for both new and existing customer. 'To build long term wealth, low cost investing is essential,' says Erik Mauritz, Senior Advisor Netherlands at Trade Republic. 'With a flat fee of 1 euro per trade and free savings plans for stocks and ETFs, we're already helping 200,000 Dutch customers save as efficiently as possible. Beyond investing, our interest offering has been a major success in the Netherlands. By passing the full ECB rate to our customers, we enable them to earn a return on their cash, even when it's not invested. We are now taking it a step further by removing the previous 50,000 euro limit and offering the full ECB rate on unlimited cash deposits.' The interest is calculated daily, paid monthly, and applies to both new and existing customers. Trade Republic does not charge subscription fees for holding an account. Funds can be withdrawn at any time and are held with partner banks such as Credit Agricole, Deutsche Bank, J.P. Morgan, and HSBC, and are protected by the European Deposit Guarantee Scheme up to 100,000 euro. The combination of Trade Republic's banking products, including a current account with 2 percent interest, Dutch IBANs and automated tax returns, provides users with a complete financial ecosystem to optimize their money. With the added benefit of 1 percent Saveback on card payments, automatically reinvested into their savings plans, users have an additional opportunity to grow their wealth. This approach allows users to manage their finances efficiently, from everyday banking to long-term wealth building, all through a secure and easy to use platform. For information: About Trade Republic Trade Republic is on a mission to empower everyone to create wealth with easy, safe and free access to the financial system. With millions of customers across 17 European countries and over 100 billion euro in assets under management, Trade Republic has become the home screen app for Europeans to manage their wealth. Trade Republic offers savings plans, fractional trading of shares, ETFs, bonds, as well as derivatives and crypto. On top of that, customers benefit from the Trade Republic card with 1 percent Saveback on card payments and interest offering that pays the European Central Bank (ECB) interest rate to all customers. Trade Republic is a full-service bank and is supervised by the Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank. Europe's largest broker and leading savings platform has received growth capital from leading global investors such as Accel, Peter Thiel's Founders Fund, Ontario Teachers' Pension Plan, Sequoia, Creandum and TCV. The Berlin-based company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.
Business Wire
24-06-2025
- Business
- Business Wire
Project A Launches €325 Million Fund to Fuel Europe's Earliest-stage Tech Right From Idea Stage
BERLIN & LONDON--(BUSINESS WIRE)--Project A, one of Europe's leading technology venture capital firms, today announces the successful close of its oversubscribed €325 million Fund V, increasing its total assets under management to €1.2 billion. This fund will further Project A's core mission: to be the trusted partner for Europe's most ambitious entrepreneurs during the critical pre-seed and seed stages, and even earlier at the idea stage through its Studio platform. 'Our conviction in the transformative power of European entrepreneurship is stronger than ever,' said Malin Posern, Partner at Project A. 'Europe is poised to cultivate the next generation of globally significant companies, and this new Fund underscores our deep commitment to being a pivotal partner for these ambitious founders, offering both the essential capital and the deep operational understanding required to navigate their foundational journey.' Building champions: A proven track record Since 2012, Project A's team of seasoned operators has established a leading track record in European early-stage investing success. Project A has consistently produced unicorns across all funds, with notable companies including Trade Republic, sennder, Zepz plus the most recently announced unicorn, Quantum Systems. This consistent ability to nurture high-growth potential from the earliest stages has positioned Project A among Europe's top-performing early-stage investors. Deep, specialist support at pre-seed and seed stages Recognising that Europe's innovation ecosystem demands more than just capital for early-stage founders, Project A's dedicated pre-seed and seed focus delivers tailored support and resources precisely when they're most impactful. This includes: Dedicated early-stage commitment: Project A's strengths lie in helping founders achieve their most pivotal early milestones, from crucial first hires to raising top-tier follow-on funding from leading global investors like Accel, Benchmark, Sequoia. Generalist attitude meets specialist depth: Project A's thesis uniquely combines breadth and depth – exploring the full scope of innovation while building expertise where it matters most. This keeps the fund focused, forward-looking and primed to spot and support generational companies with dynamic conviction. Deep sector expertise: This conviction and depth means Project A's partners are domain experts in the sectors shaping Europe's future: currently European Resilience, Fintech, Future of Autonomous Work, and Global Supply Chains. The Project A Studio: For innovators who are still working on their ideas, Project A's collaborative Studio offers support for the very earliest activities, from idea validation, to team development, and early market fit. Portfolio companies like 11x, ARX Robotics and ENAPI leveraged the Studio during idea validation and went on to raise pre-seed from Project A. "Our fundamental approach at Project A is to be an indispensable partner for founders from their earliest days," emphasised Anton Waitz, General Partner at Project A. "Through our focused pre-seed and seed strategy, plus our unique Studio model, we provide not just crucial initial investment but the practical operational resources and deep expertise necessary to navigate the initial complexities and build scalable, impactful businesses. We're excited to partner with the next generation of exceptional European tech leaders through this new fund." Momentum from long-term believers As a testament to the strength of Project A's reputation, track record and dynamic thesis, Fund V was significantly oversubscribed and raised at speed, in just four months. The fund was also backed by a diverse mix of new and existing LPs including long-standing institutional investors, major family offices, and strategic partners from across Europe and the US – many of whom have participated in multiple Project A funds. With this continued support, established teams in Berlin and London, the new €325 million (£278m) Fund V, and a portfolio of 130 ambitious companies, Project A is well-primed to unlock the next generation of European entrepreneurial talent. The firm is also strengthening its London office with the promotion of Jack Wang to Partner who joins existing Partner Malin Posern in Project A's growing UK team. ENDS About Project A Project A is a leading European early-stage investor, with €1.2 billion in assets under management and a track record of committing to ambitious founders from idea to scale — and beyond. The firm focuses on pre-seed and seed, bringing clarity, conviction, and founder-aligned capital to the earliest and most critical stages of company-building. Project A supports teams building across themes shaping Europe's future, including Fintech, European Resilience, Global Supply Chains, and the Future of Autonomous Work. Its portfolio includes category leaders such as Trade Republic, Sennder, Zepz, and Quantum Systems. Alongside its core early-stage strategy, Project A also operates the Studio, a founder-led space for early-stage exploration, where the firm collaborates from day zero to help exceptional entrepreneurs shape and validate bold ideas, partnering with ventures like 11x, ARX Robotics, and Enapi. Learn more:
Reuters
07-04-2025
- Business
- Reuters
German online broker Trade Republic suffers outage as stocks tank, media report
FRANKFURT, April 7 (Reuters) - The German online broker Trade Republic suffered an outage on Monday as stocks fell in a global rout, German media reported. The scale of the outage, reported by Bild and other news organizations, was not immediately clear. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Trade Republic wasn't immediately able to comment. The online broker is among Germany's most popular. The company has 8 million customers in 17 countries with assets of 100 billion euros ($109.76 billion), according to its website. Trade Republic's trading was disrupted on its platform in 2021 when there was a surge in trading due to dealings in Gamestop, Blackberry and other stocks at the centre of a tussle between retail investors and big hedge funds. ($1 = 0.9111 euros)
