Australia/Asia Freetrade expansion

Anything related to upcoming expansion in Australia and Asia.

1 Like

Hope that the Australia expansion would lead quickly to New Zealand expansion. I would be moving my investments from Sharesies to Freetrade :wink:

3 Likes

Sharesies has also recently expanded to Australia. Keen to hear from FT about their competitors in Australia.

1 Like

Just remember not to fall victim to one of the classic blunders: The most famous of which is “never get involved in a land war in Asia,” but only slightly less well-known is this: “Never go against a Sicilian when death is on the line!”

Never look a gift horse in the mouth!!!
Especially an Asian horse :rofl::rofl::rofl:

I would take a wild guess and say it won’t be till the first half of 2022

I believe it’s sooner:

What I meant to say is that I don’t think the actual product will be available to the Australian customers until the first half of 2022 as it takes time to get everything up and running. Maybe @adam or @Viktor can clarify the timeframe.

1 Like

Taken from the Sydney Morning Herald this weekend:

“According to the ASX survey, 1.5 million Aussies invested for the first time over the past two years – leading to recent warnings from regulators about potentially risky or imprudent behaviour. Pleasingly, 45 per cent of these new investors were women, up from just 31 per cent of new investors a decade ago.

Looking forward, the ASX says about 900,000 Aussies can be labelled as “intending investors” who plan to start investing in the next 12 months.”

Good timing for the AU launch I say :australia::facepunch:t3::rocket:

5 Likes

Interesting article on the FinTech space down in Australia. The article primarily focuses on challenger banks and and buy now pay later services, but still some great insight in the trends and potential down under.

A lot of great quotes:

“Bankers describe a generation of tech-savvy customers who do their banking on smartphones, expect slick digital features and are not particularly loyal to established brands.”

“The early effects of younger people’s shifting financial behaviour are already visible.”

“Afterpay’s executive running the banking push, Lee Hatton, says the product will be aimed at female Generation Z customers in particular, and it will focus on “key spending and savings needs”. In the longer term, she says its vision is “to help solve financial empowerment for the entire next generation.””

“Zip co-founder Peter Gray says the company is also thinking about how to expand its “digital wallet” and offer more financial services to its 2.5 million mainly young clients. “For this younger cohort, what are the items they want on the menu for their future financial diet? What options would they be interested in? Is it things like buying and selling shares or even buying and selling crypto?””

Ripe for the picking. Come on Freetrade! :muscle:t4: :australia:

3 Likes