Yes they have
Won’t be any EIS allocation; that ran out awhile ago.
bad time for crowdfunding also for great company like Freetrade.
It would be interesting to know the reasoning for the timing of Freetrade crowdfunding.
Crowdfunding has occured every year! Last round was September 2022. Do you think there is a significance with June 2023?
Going to be an interesting to see the valuation and share price, specially that it has only been 6 months since Monzo was showing interest in FT.
GO GO GO GO GO…
QED recently raised a monster fintech fund! This was talked about on the Fintech insider podcast, it doesn’t mean the bottom is in, but it’s certainly a positive signal for fintech. They were thinking the confidence shown here might spur other funds to raise and others to deploy.
2023 share price and valuation just announced on the stream:
What price does the previous CLN convert at?
At the stated discount (20% from memory) to the latest round valuation. Just stated in the Q&A
This aged like milk left out in the sun today.
By luck or otherwise my model held up surprisingly well today.
It’s a very fair and realistic valuation. They shouldn’t have too much trouble raising a few million at this price IMO.
Anyone got a little summary of the meet for those of us who couldn’t watch? (Pretty please?)
Just a quick reminder on house rules around crowdfunding, but please don’t share any slides from the pitch deck (or deck that was presented tonight, they’re the same thing!).
Glad it’s sensible, sad that my FT shares bought between 2020 and 2022 lost value.
Makes you wonder about his other calls, eh? I say this with no specific call in mind
I am very disappointed,invested £10,000 between June 2019 & May 2020 and it’s been a long slow trudge of a journey? They had everything in their favour and this is where we are at?? What more can I say??
Interesting write up in the Telegraph tonight about the £425 million decrease in valuation.