James Paul 
Trade Republic sees big, and she hopes to take advantage of the ” ascending slope On which Paris is located to strengthen. The German fintech thus plans to set up “ A technological hub In the capital.
Fourth European technology hub
Christian Hecker, his co -founder and CEO, met with our colleagues from Maddyness during a passage in the city of Light. He revealed that the company planned to set up a fourth European innovation center after London, Berlin and Stockholm.
“” We already have an office in Paris. But the idea is to enlarge it. We want to recruit the best engineers here in Paris. We want them to work on our platform, not only for France, but for all innovative banking products that we are currently developing and everywhere in Europe “, He detailed.
Founded in Munich in 2015, the neo-Banque offers a friendly application allowing its users to invest in shares, ETFs (negotiated funds on the stock market) and cryptocurrencies with minimal costs. The platform also offers conventional banking features, like a current account with competitive interest rates on undeled money.
“” We want to become one of the main banks in the life of the French, within five years. We would like to have ten million customers. We want to penetrate the market even more. This is the meaning of our latest announcements Assures the manager. Because France is now established as the second trade market republical behind Germany, with more than a million customers.
Ideal conditions in Paris?
And it’s not for nothing if the fintech is interested in Paris. Not only the French market attracts it, The city is also ” On an ascending slope, in financial matters, unlike Berlin which is a fantastic technological hub but which experiences difficulties »»believes Christian Hecker. He also quotes the effects of Brexit, which prompted some entrepreneurs to leave the United Kingdom for the benefit of France.
“” French customers want to take over their savings more and more. They are increasingly doubting the current pension system. And thus wish to protect it as much as possible by investing in the financial markets He continues.
As a reminder, Trade Republic obtained a banking license a year ago in France. A few weeks ago, the unicorn valued at 5.4 billion euros announced the possibility of opening a current account with a French IBAN, at no cost and remunerated at the rates of the European Central Bank (ECB), without conditions or amount of amount.
- Trade Republic intends to set up an innovation center in Paris.
- His CEO considers that the capital is “ On a ascending slope ».
- France represents the second fintech market, and it still hopes to grow there in the coming years.
