The Berlin Fintech Trade Republic wants to go higher. In the future, in addition to the securities business, deposits will also be accepted and loans issued. However, the company needs a full banking license for this. According to information from the financial scene, this has already been applied for at the Bafin, but there are no official statements from Trade Republic or the Bafin. The Berliners have made it to the German unicorn as a smartphone broker with favorable offer conditions and are now expanding their business model.
More information about Trade Republic can be found here!
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