Economy & Politics

Exclusive Fintech Trading 212 comes to Germany

Trading 212 sets up its German office in DüsseldorfYusuf Evli / Unsplash

Trading 212 has not been avoided in the past few weeks. The Bulgarian fintech floods the web with its advertising, the ads were found on Twitter or in smartphone games. The company even advertised videos of conspiracy theorist Ken Jebsen.

The number of downloads exploded – from 400 downloads per week to around 15,000, as figures from the analysis tool Priori Data show. The trading app is currently number 11 on the German iOS charts in the “Finance” category, far ahead of many other German fintech competitors. The largely unknown app in Germany sensed its chance in the corona crisis: When the financial markets collapsed, many investors suddenly started betting on stocks or other financial products.

Trading 212 not only focuses on the German market in terms of marketing expenses. Co-founder Ivan Ashminov, who founded the company in Bulgaria 16 years ago, is keen to obtain a license from the German financial regulator Bafin and announces that he will open an office in Düsseldorf.

How serious the trading app is and who will be the new head of Germany can be read today on Finance Forward, the new finance portal from Personal-Financial.com and OMR. You can register for the daily newsletter here.

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