Trade Republic accelerates its growth in Europe

Trade Republic continues its expansion, consolidating its position as a leading bank in private wealth creation across Europe. After the successful launch of local savings products in France, Trade Republic now launches its free checking account with a local IBAN in Italy, along with automatic tax filing to local authorities. With over 8 million customers and more than 100 billion euros (approximately 110 billion dollars) in assets under management, Europe's largest savings platform is redefining standards in the financial sector. The strong and continuous growth in other markets outside Germany highlights the urgent need for private retirement planning across borders in Europe.

"Millions of Europeans have realized that their governments lack solutions for one of the most critical challenges of our time. The pension gap is a predictable and measurable problem that continues to be ignored in political debates," says Christian Hecker, co-founder of Trade Republic. "With our full banking license, national branches, and proprietary infrastructure, we are committed to developing localized and cost-effective savings products so that people can take control of their financial future."

With over 8 million customers and more than 100 billion euros (approximately 110 billion dollars) in assets under management, Trade Republic has established itself as one of Europe's leading retail banks. With innovative products like a free checking account, 1 percent Saveback on card payments reinvested in investment plans, 3 percent annual interest on all balances up to 50,000 euros (approximately 55,000 dollars), and free investment plans, Trade Republic offers personalized banking services that perfectly fit everyday life, allowing people to build their own wealth.

"The pension gap is a European problem. However, solutions for our customers must be tailored to local needs. Our mission is to provide all Europeans with the best possible tools for long-term savings," says Julian Collin, managing director of international markets at Trade Republic. "After France, Italy is the second major European market this year where we have localized our product. This is another step forward to drive European growth and increase competition within the traditional banking sector."

Through constant expansion and innovative financial solutions, Trade Republic is setting new benchmarks in European banking. The company demonstrates how modern technology and user-friendly services can revolutionize the financial sector, enabling millions of Europeans to simplify their financial lives and start building their private wealth. By continuously expanding its localized offerings, Trade Republic ensures it provides the best solutions tailored to the needs of each international market.

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About Trade Republic
 Trade Republic's mission is to prepare millions of Europeans for wealth creation with secure and easy access to capital markets. With millions of customers in 17 European countries and more than 100 billion euros (approximately 110 billion dollars) in assets under management, Trade Republic is already the app Europeans use to manage their wealth. It offers investments through investment plans, fractional investing in multiple assets, ETFs, stocks, bonds, derivatives, and cryptocurrencies. Additionally, customers benefit from the Trade Republic debit card with 1 percent Saveback on card payments and an account that passes the European Central Bank (ECB) deposit interest rate to all customers. Trade Republic is a bank supervised by Bundesbank and BaFin. As the largest broker and one of Europe's leading savings platforms, Trade Republic counts among its shareholders Accel, Peter Thiel's Founders Fund, Ontario Teachers, Sequoia, and TCV. The Berlin-based company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.