23 March 2021

UK’s Robinhood rival Freetrade raises $69mn 

Written By FinTech Alliance in Investor Solutions

UK’s Robinhood rival Freetrade raises $69mn 

Freetrade, a stockbroking platform, has raised $69mn Series B funding. 

In Brief: 

Freetrade enables consumers to trade and invest without paying commission. 

It currently has 600,000 customers and has expanded into a Sweden office.  

The found was led by Left Lane Capital, including L Catterton and Draper Esprit. 

What does this mean? 

As stock trading among consumers grows in popularity thanks to a rise in digital finance management and a fall in interest rates, Freetrade has seen its quarterly trade volumes reach over $1bn. 

Freetrade has already raised funds through a crowdfunding campaign. 

Read more here. 

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Investor Solutions

London Stock Exchange invests in private markets business Floww

16 March 2022

The London Stock Exchange has made a strategic investment in ...

Public raises $65mn from Tony Hawk, others  

16 December 2020

Social investing app Public has raised $65mn Series C funding.   In Brief:  ...

Posted By The Community

Finding The One: How important it is to find the right investor for your start-up

10 August 2020

Covid-19 has the start-up community in a frenzy. Funding rounds plummeted by 22% in March, valuation...

Written By: Globacap

Shaping FinTech: Consumer investing webinar – what we learned

05 July 2020

Last week, our Shaping FinTech series delved into the world of consumer investing. We spoke to Welat...

There are no Knowledge Bank in this category

There are no Events in this category