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Osborne Clarke advises Trade Republic on investment by Creandum and Project A


Written on 25 July 2019

International legal practice Osborne Clarke has advised Trade Republic on an investment by Creandum and Project A. The investment amounts to EUR 10 million bringing the total financing to EUR 17 million. With the fresh capital, Trade Republic intends to expand into other European countries in order to include further investment products in its portfolio.

Trade Republic is a Berlin-based Fintech start-up: instead of commissions or custody fees, clients pay a flat fee of EUR 1 for third-party costs when they want to buy or sell shares, index funds or derivatives. The company completely focuses its products on mobile devices and has digitized its processes. Combined with a lean organisation, this has enabled founders Christian Hecker, Thomas Pischke and Marco Cancellieri to develop an efficient business. The model for the business comes from the USA. The start-up now has a five-figure customer base.

In addition to the first investor, the Düsseldorf financial services provider Sino, whose boss Ingo Hille is also currently Managing Director of Trade Republic, Swedish investor Creandum and Berlin investor Project A are also involved.

An Osborne Clarke team led by corporate and venture capital Partner Nicolas Gabrysch advised Trade Republic on the investment. The team included Rouven Siegemund, Lorenz Chwaszcza, Joachim Breithaupt, Konstantin Ewald and Felix Hilgert.