Trading platforms

British online bank and investment platform Revolut now has more than 30 million retail customers worldwide. Since November last year, the platform has gained over five million new users. Additionally, the platform now processes more than 400 million transactions per month.

HeavyFinance, an agricultural investment platform from Lithuania, has surpassed 8.000 registered investors. This is in part thanks to growth in Germany, France and Spain. In addition, HeavyFinance’s users have invested nearly 1 million euros in green loans for carbon certificates.

In 2022 over 1 billion euros was raised via crowdfunding platforms in the Netherlands. That is a 48 percent increase compared to the year before. The amount was put towards more than 18,000 projects, mostly business loans.

Revolut is offering ETFs to its European users. For the new investment product, the online bank is partnering with German financial startup Upvest. In the next few months, Revolut wants to add European listed stocks and other trading products as well.

Online broker eToro has partnered with Twitter in an effort to further financial education. Twitter users can now see real-time prices for stocks, crypto and other assets. Users can also click through to eToro and start investing.

European investment platform HeavyFinance has raised 3 million euros in a seed funding round. The company will use the capital injection to drive an expansion within Europe. It will also add new sustainable finance options to the platform.

Financing platform Invesdor has received the European Crowdfunding Service Provider license. It is the first platform in the DACH region to do so. The company wants to become a leading provider of crowdfunding services in Europe with this new license.

German trading app Trade Republic is giving all of its customers a yearly 2 percent interest on their cash balance. It is calculated in real time and deposited each month, enabling users to accrue compound interest. The interest applies to cash balances up to 50,000 euros.

Property lending platform Assetz Capital is stopping peer-to-peer lending to be funded by institutional investors only. Existing retail loans will be run off in a few years. Assetz Capital points to rising interest rates and lowering demand as the reason.

Dutch online broker Bux has acquired the retail arm of its Spanish rival Ninety Nine. Bux launched its mobile app in Spain last year and the acquisition will boost its presence. Ninety Nine will continue operating, but no longer covers the retail investor market.