Trade Republic, a German Robinhood, raises $67M led by Accel and Founders Fund

In the US, Robinhood has led the charge in upending the stock investing model through its mobile-first, minimal-step, commission free trading platform. Now, a startup out of Germany built on a similar premise is announcing a big round of funding from some top investors to continue its growth.
Trade Republic — which lets people buy and sell shares, exchange-traded funds (ETFs) and derivatives by way of a mobile app, paying just €1 ($1.09) in fees (no commission) — is today announcing the it has closed €62 million ($67 million at today’s rates) in funding to expand its business into more markets in Europe and to move into adjacent business lines in the near future.
The Series B is being co-led by Accel and Founders Fund, and is brings the total raised by the Berlin-based startup to just over €80 million. (Its Series A last year was led by Creandum.) It’s not disclosing valuation right now.
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