Freetrade

Freetrade is a developer of a mobile stock trading platform designed to help make commission-free trades in the stock markets.

Freetrade's mission is to get everyone investing by making it simpler and more affordable.

Freetrade was founded in 2016 by Adam Dodds and Davide Fioranelli. The company is headquartered in London, UK.

 

Freetrade offers a commission-free trading app on the Android and iOS platforms, which is open to users in the United Kingdom. Portfolios can be held in a tax-free ISA or SIPP (personal pension), in each case for a flat monthly fee.

 

Freetrade launched its premium product, Freetrade Plus, in October 2020, offering an expanded list of tradable securities and order types. The company also launched popular features like Autopilot, proxy voting, and annual subscriptions.

 

Freetrade has brought low-cost investing to over 1.4 million users, has over £1.3bn in Assets Under Administration, and is now one of the largest retail brokers in the UK by order volume.

 

Freetrade is backed by Draper Esprit, Left Lane Capital, L Catterton, Molten Ventures, The Phoenix, Capricorn Capital Group, and others. The company raised £1.76M ($2.3M) in a crowdfunding campaign on Jun 27, 2023. This brings Freetrade's total funding to $138M to date. Freetrade slashed its valuation to £225M in latest crowdfunding in Jun 2023. The company was last valued £650M in after a round in Nov 2021.

 

 

  • Year founded: 2016
  • Funding Info: $138M over 7 Rounds (Latest Funding Type: Equity Crowdfunding)
  • Yearly Revenue: £15.6M (FY- 2022)
  • Employee Size: 201-500
  • Business Valuation: Valued at £225M as of June 2023
  • City/Town: London
  • State: London
  • Country: United Kingdom
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