Iām not sure if I should post a question here, nor is my question directly related to the crowdfunding, but I was wondering if there are plans to create a web version of the application? Is this crowdfunding likely to contribute towards something like this?
I know quite a few people who enjoy trading stocks, but do not have the ability to use a mobile phone in their 9-5 jobs.
I used to see VC firms as pure evil but I listen to the 20 minute VC a lot and see the value they can add in many situations. At the moment Freetrade has first mover advantage in the U.K. and there is an argument that large amounts of capital deployed at this stage could allow the team to take full advantage.
I get the attraction of bootstrapping a unicorn without VC involvement but, given the crowdfund ask is only 1 million ( and I appreciate theyāll get way more), is the hiring and scaling going to be fast enough to avoid Robinhood or Revolut stealing your breakfast? There is an alternate path here where a large amount of capital is brought to bear and things scale faster. Iām really interested to see how this round develops
Thereās a lot of people of the opinion that Freetrade should offer a roboadviser type service so people can just add money every month to a preselected bundle of etf, stocks etc. Are there any plans to offer something like this for those who just arenāt interested in researching and picking the investments themselves?
I know the 1.5% fee for exercising pre-emption rights isnāt levied by Freetradeā¦ But is there any way to circumnavigate this?
Having said that I am not opposed to the fee itself, just the clumsy way it has been applied to existing investors exercising their pre-emption rights. The current choices are pay the fee, or accept dilution, neither is appealing. As such I would like your thoughts on how Freetrade can protect their existing investors from these after the fact charges.
Which is 100% VWRL (or some mix with bonds if required - freetrade knows best). Iām not convinced people know how to judge their lifetime risk in one moment, or that uk bonds are significantly safer anyway. Better to keep it simple - the whole point is the customer doesnāt want choices.
It could be a separate product aimed at people who have no idea what to invest in, donāt want to pick stocks etc. Just pick simple ISA, set up a monthly payment and watch your money grow. Itād be a perfect offering for a freetrade-monzo integration too for the circa 2 million monzo savers not familiar with freetrade.
Since weāre asking questions, I guess mine is - what would you do to target savers who currently feel more comfortable with a robo-advisor? Would you consider offering some simple product like this?
Is there a cap on this round?
Why do you only offer B shares, and not A shares?
Do you plan on bringing in a VC? What is your general position on VC investment?
Why country will you open next?
How is Brexit affecting your business? When do you plan on opening a subsidiary in mainland Europe in order to avoid risks.
Can you share key metrics like CAC, #tx per user, #customers, #app installs, revenue, LTV?
How much revenue do you make per user and what is the forecast for this over the coming years?
I have several thousand Ā£ās invested through the app, but looking at the pricing schedule, I donāt think youāve even made 1 penny off me. I only have a basic account and execute basic trades (Compare our plans | Freetrade). There are probably other users that are the same.
Are there other ways that Freetrade generates income, i.e. investing cash in accounts, selling user trading data? I belive Robinhood does both of these.
Could you explain more the European expansion?
How long it will take?
I am from Italy, will it be one of the first?
We have a huge market here unsatisfied by huge commission of banks.
What % of customers do you model to be using ISAs and Alpha? While ~50% Alpha usage would be great subscription revenue, do you see this as being realistic over time?