AMA: Ask our CEO Adam your questions about our upcoming crowdfunding round 🗣

[sadfsadasd (asdfsadfasfd)]

Hey adam, you doing great.

[Sherlouk]

@caribo

any plans to integrate with Monzo?

Looks like they’re already working on it References to Monzo in the Android version of the app Personally can’t wait to see exactly what sort of integration they bang up!

[Peter]

@Sherlouk

References to Monzo in the Android version of the app

Oh really? Tell us more! :freetrade:

[neovo]

@neovo

Can you shed any light on the alpha pricing and update on features (ISA pricing, trades, withdrawals)

Did I miss you respond to this?

[AchillesFirstStand]

I don’t think my question was answered either.

@AchillesFirstStand

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.

Is this article exhaustive in terms of how you make money? It states the “main revenue streams” http://help.freetrade.io/about-freetrade/how-does-freetrade-make-money

[Viktor]

@AchillesFirstStand

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.

See Adam’s answer above:

@adam

No payment-for-order-flow or other BS

Thanks a lot for the shout on that help article, we’ve made the language specific there (removed “main”).

[AchillesFirstStand]

Thanks for the response. That article doesn’t reference other income streams that Adam mentioned above. Maybe these are obvious and don’t need to be stated:

@adam

We would still earn some revenue from these customers if they decide to invest in foreign securities (FX) or hold cash with us (interest).

I am looking at investing in the crowdfunding, so I want to understand all of the revenue streams before I do so. This article says that Freetrade doesn’t make money from FX, so that seems to be different from what Adam said above: Freetrade Invest Hub From the article: “Currently, the rate we get is the spot price + 0.45% . We display that in the order confirmation screen on the app and our pricing schedule, and we pass that rate directly to you.”

[Rat_au_van (Emma)]

They make no money from the FX rate currently but hope to in the future. If you search ‘FX rate’ on the forum you’ll find a few discussions

[AchillesFirstStand]

Ok, so there is no exhaustive list of Freetrade’s revenue streams. I have got some idea from reading the T&Cs and other documentation. I’m just trying to get a complete understanding of where income comes from.

[gt94sss2]

@adam

We’re calling it Autopilot internally, what do you think of the name?

Different industry but isn’t that Tesla call their driver-assistance system feature…

[Dave (Dave Smith)]

and that thing that flies planes…

[ravamin]

Hi Adam - are you able to share some numbers on users split by:

1. total users (app downloads and registrations)
2. active users (I.e those who have actually bought/sold)
3. inactive users (I.e those who have added money to the app but yet to buy/sell)

Thanks a lot.

[ravamin]

@adam kind reminder (Please ignore if this will be covered in the investor pack tomorrow!)

[AchillesFirstStand]

@Freetrade_Team1 I got an email from you on Monday saying “We’ll update our help guide to share the complete list of revenue sources tomorrow.”

Are you able to share the complete list of revenue sources? This is useful to know before making an investment decision in the crowdfund.

[Viktor]

You’ll have all info (including future / planned sources that I assume will be interesting for you!) in the pitch deck on the Crowdcube page.