Berlin - Schnittker Möllmann Partners (SMP) has advised venture capital investors Project A and Creandum as well as Trade Republic on the fintech's Series B financing round. Project A received extensive legal advice, Trade Republic and Creandum were advised on specific regulatory issues. The financing round amounts to a total of 62 million Euros. The round is led by Accel and Founders Fund.
"Trade Republic has grown enormously since its launch in May 2019. The fintech opened trading for a wide user group with its mobile-first technology helping them to discover and experience the capital market. Project A once again demonstrated the right intuition with their initial investment in summer 2019. We are pleased that we were able to provide comprehensive advice to both the investor and the tech company in this round," said Frederik Gärtner, Associated Partner at SMP.
Trade Republic offers the first European broker app that enables stocks, ETFs and derivatives to be traded commission-free via smartphone. The fintech is licensed by BaFin as a trading bank. Trade Republic was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri. Project A has been involved in the start-up since July 2019.