The Berlin-based digital trading platform Trade Republic today (Thursday) announced the launch of localized banking services in Italy, marking its second major market expansion this year. The company aims to strengthen its position
across the continent with over €100 billion in assets under management (AUM).

Trade Republic Expands
European Footprint with Italian Banking Launch

The German
fintech is rolling out free current accounts with Italian IBANs and introducing
automated tax submissions through the Regime Amministrato system,
becoming the first international digital bank to offer this service.

“Millions
of Europeans have realized that their governments lack solutions for one of the
most critical challenges of our time. The pension gap is a predictable and
measurable problem that continues to be overlooked in political discussions,” said
Christian Hecker, Co-Founder of Trade Republic.

“With our
full banking license, national branches, and proprietary infrastructure, we are
committed to develop localized and cost-effective savings products to empower
people to take control of their financial future.”

With 8
million customers across its markets. a
number that was two times lower just a year ago, Trade Republic has emerged
as a challenger to traditional banking institutions. The platform’s offering
includes 3% annual interest on deposits, 1% “saveback” on card payments
automatically reinvested into savings plans, and commission-free investment
options.

The
company’s international customer base now represents more than one-third of its
total users, reflecting growing demand for accessible financial services across
Europe.

“The
pension gap is a European problem, but the solutions for our customers must be
tailored to local needs,” said Julian Collin, General Manager of International Markets at Trade Republic. “Following France, Italy is the
second major European market this year where we’ve localized our product. This
is another step forward in driving European growth and increasing competition
within the traditional banking sector.”

First France, Now Italy

This
expansion comes just three weeks after
a similar successful launch in France, highlighting the company’s
aggressive growth strategy in key European markets.

The digital
bank reported sustained profitability throughout 2024, while maintaining its
competitive interest rate offering of 3% for deposit accounts, matching the
ECB’s key rate.

The company
recently enhanced its French market offerings with zero-commission investment
plans compatible with PEA accounts, alongside the introduction of domestic
banking services featuring local IBANs.

The pension gap is a European problem, but solutions need to be tailored to local needs.

That’s why, starting today, our Italian customers will benefit from a fully localised product offering, including:

– Italian IBANs, to easily get your salary on Trade Republic.
– A current… pic.twitter.com/Y75WV9o1JB

— Trade Republic (@traderepublic) January 30, 2025

In early
2021, during the retail trading volatility events, the platform implemented
temporary trading restrictions on certain high-volatility stocks, a decision
that generated considerable user criticism at the time.

Currently,
Trade Republic operates under the regulatory oversight of BaFin and Deutsche
Bundesbank, serving clients across 17 European markets. Its product suite
encompasses a range of investment vehicles, including equities, ETFs,
fixed-income instruments, derivatives, and digital assets, with features such
as fractional share ownership and automated investment plans.