Is Trade Republic a neo broker or a neo bank? The latter, according to the founders. They want their app to be a new kind of savings account, not just a tool to quickly buy stocks. Investors also believe in it: After a mega-investment by Sequoia Capital and other well-known VCs, the valuation of the Austrian scale-up rose to 4.3 billion euros – more than N26, Monzo or Starling Bank together.
In a lengthy interview with Trending Topics, Christian Hecker, who founded the startup in 2015 with Marco Cancellieri and Thomas Pischke, talks about low interest rates, inflation, zero-fee trading and why Trade Republic is actually a bank.