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> Though TradeRepublic moved away from them, makes you wonder. TR got its own full-bank license a few months ago [1], it makes sense for them to consolidate st
by mschuster91 3y ago
> Though TradeRepublic moved away from them, makes you wonder.
TR got its own full-bank license a few months ago [1], it makes sense for them to consolidate stuff in-house instead of paying third parties for their services. That is useful as a startup with a few thousand customers, as the requirements of actually building a bank tech stack are quite massive, but TR has >4M customers now and makes a profit [2].
[1] https://www.capital.de/geld-versicherungen/trade-republic-erhaelt-banklizenz---was-das-fuer-kunden-bedeutet-34262702.html https://www.capital.de/geld-versicherungen/trade-republic-er...
[2] https://www.businessinsider.de/gruenderszene/fintech/neobroker-trade-republic-ist-erstmals-profitabel-und-nennt-kundenzahlen/ https://www.businessinsider.de/gruenderszene/fintech/neobrok...