23 March 2021

UK’s Robinhood rival Freetrade raises $69mn 

Written By FinTech Alliance

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. 

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