Freetrade: Hits £8 million on first day of crowdfund

Freetrade: Hits £8 million on first day of crowdfund

  • Freetrade is an app that makes investing simple, and the free award-winning app was voted Best Share Trading Platform
  • Commission-free stockbroking app raised £8 million on its first day of trading on Crowdcube
  • The company raised £5m in private mode from previous investors and those who had signed up for early access
  • And after less than four hours in public mode, the firm hit £8m with investors from 63 countries taking part in the round
  • Client assets now exceed £1bn, helped by the launch of new subscription accounts
  • The product roadmap for the Crowdcube pitch includes plans to rolls out a crypto investing service
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...