London-based, commission-free stock trading platform Freetrade received a £ 50 million investment in the Series B investment tour led by Left Lane Capital.
London-based, commission-free stock trading platform Freetrade received a £ 50 million investment in the Series B investment tour led by Left Lane Capital. L Catterton and current investor Draper Esprit also participated in the tour. The company’s valuation reached $ 366 million with the new investment it received. The investment received will accelerate Freetrade’s growth in international markets and help the team scale its product.
Freetrade has become one of the fintech companies that have benefited from the pandemic where a growing number of retail investors have invested their cash in stocks. Seeing an increase in interest in the market turmoil in March 2020, Freetrade has continued to lay the groundwork for international expansion since the start of the Covid-19 pandemic, as well as offering a paid service. The platform says its quarterly transaction volume is currently over £ 1 billion. Apart from London, the company also has offices in Sweden and Australia.
Using the application is no different from logging into an ordinary social media account, because after logging into Freetrade, you can buy and sell shares as you wish. If you want to buy from large companies’ shares, you can do this with partial shares. Freetrade aims to make it easy for everyone to invest. Freetrade’s technology provides retail investors with access to global stock markets. Freetrade makes investment more accessible to millions of people who cannot justify paying high commissions.
Launched in 2018, Freetrade has more than 600 thousand users. Freetrade founder and CEO Adam Dodds said it is painful to see millions of investors across Europe paying high fees and getting stuck in complex terms and conditions; He says they are committed to helping everyone achieve better financial results.