Trade Republic dethrones Helsing as Germany’s top startup with €12.5B valuation

A fintech giant emerges: How Trade Republic’s explosive growth outpaced rivals. With €150B in assets, Europe’s banks are scrambling to keep up.

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2025 December 18 . 5:05 AM

1 min read

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Trade Republic dethrones Helsing as Germany’s top startup with €12.5B valuation

Trade Republic has overtaken Helsing to become Germany's most valuable startup. The online broker now holds a valuation of €12.5 billion, surpassing the defense tech firm's €12 billion. This milestone follows a rapid expansion in customers and services across Europe.

The company's valuation has more than doubled since its last funding round in 2022, when it stood at €5 billion. Over the past 18 months, Trade Republic has grown its customer base to over 10 million users, who together manage €150 billion in assets. Its reach now extends beyond Germany into markets like France, Italy, and Spain.

Trade Republic's rise reflects its broad appeal and financial strength. With a growing user base and no immediate need for outside investment, the company maintains a dominant position in Europe's fintech sector. Competitors, including established banks, are now adjusting their strategies in response.