lol, u are lightning fast!
Product
GME changed priorities. Growth has meant focusing on customer operations
Freetrade are focusing on improving payments. âYou should always know where your money isâ - @Duncan. Making it quicker!! Feedback if thereâs a hold up with deposits I.e wrong ref no. Notice improvements in the next couple of weeks.
Still working on EU trading but levelling up on key areas.
Auto invest / pilot feature. Teams most favourite feature that is currently not in app. Isnât being worked on currently. Itâs extremely high on the roadmap. They want to keep evolving this feature as time goes on. Ability to have mix of auto and self investing!!! No timelines on this.
Autopilot (automatic monthly investments into specific stocks etc), is on the horizon and on the high wish list exciting the future is bright
Itâs a normal thing. You always watch your competitors.
Product continued
UK fractional shares - Currently working on this. Complex product, the uk system wasnât built for it. They working with LSE to deliver it. They want to own this feature, so they can roll it out to other markets.
JISA - currently on the roadmap. They are not working on it today. Guardian management of JISA.
New stocks
Adding a lot of stocks. 100 stocks next week. USD Dom ETFs being added to the app!! (Hopefully FTEK ). Looking at adding Samsung!
âItâs going to be a large stock universe this yearâ - @Viktor
They are looking at National Dec stocks this year
Funding
THEYVE CLOSED SERIES B!!!
Crowdfunding
They have to wait 12 months, they are looking to raise 16million(?)
It was great seeing some of you guys and obviously hearing from the Freetrade team!
@Viktor I hope you donât mind me sharing some of the info with the community
Web interface
On this years roadmap. Watch this space. There isnât any concrete updates yet
Did they mention something about a SPAC or did I mishear that?
ex Monzo and 15 years with Hargreaves Lansdown, so loads of domain knowledge.
I did hear that but I think it was mentioned more in passing or as a joke. Happy to be proven wrong tho
The Sweden office move makes sense to me now, will be used as a EU legal base. Someone made the AstraZeneca analogy or even Unilever works.
I found it interesting that solving Fractionals is tricky, as surely they have done it once with America (even if others offered it beforehand) and so Iâd have imagined that doing it for a new market could utilise experience from doing it the first time.
Does anyone know how does EIS works ? What are the chances of the UK crowdfunding being EIS compliant ?
Any word on Series B?
US fractionals are supplied by drivewealth (via thirdparty). I believe if Freetrade crack UK franctionals theyâll have a real USP. It would also make them less dependent on drivewealth