Invest and become a shareholder of Freetrade in our 2023 crowdfunding campaign, going live later in June
In 2019, we brought commission-free investing to the UK. This year, we brought our app to Sweden.
We’ve invented an innovative customer-centric subscriptions business, underpinned by our purpose-built technology stack.
Despite headwinds in 2022, our business model continues to prove its resilience. We’ve reacted to difficult economic conditions by cutting costs and focusing on our core market.
We delivered our best revenue quarter yet in Q1’23 (£4.7m revenue, -£3.32m EBITDA), a 25% increase in revenue on Q1’22 and a 57% reduction in losses (£3.7m revenue, -£8.9m EBITDA). (CY’22, £14.9m revenue -£28.7m EBITDA).
As we forge ahead on our path to building a profitable business, we’re pleased to offer more of our customers a chance to own a piece of Freetrade and share in our success.
Important: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Early access means you can invest from 9 am BST, before we open to everyone at 11 am BST
I suspect they have to keep a considerable amount of cash back on regulator request. So my educated guess is not everything has been spent but they need a bit more for regulatory purposes.
Great to hear there’s another opportunity to invest and exciting to see the losses come down.
Would be interested to know more about plans for the funds raised, if there is a plan for VC backers to be involved and what if any EIS allocation is available. Keen to hear the valuation as well.
Some good year on year numbers! It would be good to see the quarter by quarter picture showing the latest Q2 forecast as you’ll mostly know this and telling the story of how the gap is getting closed to reach profitability in Q1, if that’s the plan.
