Trading platforms

Investment platform Freedom24 has reached a new milestone. After starting its operations in Europe in 2020, it has now reached 300,000 European customers. Worldwide, the customer base increased with 25,000 users between 2023 and this year.

Online trading platform Trade Republic has reached a new milestone. It started offering interest on cash balances in January 2023 and since then, more than 1 billion euros has been paid out in interest to customers.

Retail investors are often expected to focus on tech stocks. However, stocks in financial services are more commonly owned by retail investors, by 61 percent. Technology is the second most owned sector, at 40 percent. Energy was third, at 35 percent.

Latvian lending platform Mintos is launching a crowdfunding campaign on Crowdcube today. By doing so, the platform hopes to raise additional growth capital. It has plans for further international expansion and to launch new investment products.

CoinMart, a Dutch cryptocurrency broker, has raised 2.8 million euros. The funding comes from IDG Capital, which is also announcing a partnership with the crypto broker. This brings the platform’s total funded amount to 14.3 million euros.

Lithuanian property investment platform InRento has reached the milestone of 20 million euros in investments raised. Currently, users profit from an average annual return on investment of 11 percent. “In just a few years of our history, we have managed to earn a high level of investor confidence with an increasingly strong investment performance”, says Deividas Urbanovičius, Head of Investor Relations at InRento.

Online broker Trade Republic has generated its first net profit in its financial year to September 30^th 2023. The milestone comes five years after the platform’s launch. According to the company’s founder, Christian Hecker, it now has 35 billion euros in assets under administration.

Latvian lending platform Mintos has launched a new product: Mintos Core ETF. The platform curates a collection of ETFs, personalized to user’s profiles. By doing so, it wants to simplify the process of investing in ETFs and ensure accessibility for all types of investors.

European online investment platform, Scalable Capital, has raised 60 million euros in equity financing. This round brings the company’s total funding to 326 million euros. The company wants to use the funding to achieve further growth.

A year ago, international peer-to-peer lending platform Monefit launched its automated investment solution called SmartSaver. The solution has helped the platform create a value of 900 thousand euros within a year. “We are really happy to see that thousands of people all around the world are using Monefit SmartSaver to meet their money goals”, says Monika Niebelska, VP of Product.