Preferred shares issues in this round will be held in a nominee account. It’s the first time we’ve used this structure. We opted for it this time because of the added complexity with the convertible structure.
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I think that picking a low target for this raise is not a very good idea as the 1st thing people will see is that the target has been reached/possible Doubled and may think ‘Oh I don’t need to bother then, as the target has already been reached’. (Although you can still invest). At the Community Meetup Adam mentioned that it would be great if we hit 7 or even 9 Million. Can’t see that happening,
unfortunately.
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If you’re going to have a go, have the decency to use correct spelling/grammar, and be specific about your accusations. Ta.
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As long as it conveys my message
It’s fine
English is not my first language
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I think lies is unfair.
As I said last week ahead of the raise, they really needed to accompany this crowdfunding with full EU launch / Crypto to prove they can execute.
Having said that, I did think they would raise more as the terms offered in this round seem generous IMO.
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Perhaps I was being unkind about the language. That said, if you have genuine complaints/accusations about “lies” then you should be prepared to give more info than that, otherwise you come across as someone just trolling.
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Hey @BlueOcean
How does this fit with the narrative for this round of European expansion, onwards and upwards for revenue and user numbers and so on?
One of the characteristics of a tech company is that we are able to grow the numbers that really matter, such as the number of subscribers and AUA, without needing to grow inputs, such as headcount. That is what scaling truly means.
Are redundancies currently badly needed (suggesting worse financial situation than in the pitch), is it opportunistic cost-cutting (other tech cos are laying off so why not blame it on the climate and take the opportunity now) or … ?
I can’t imagine anyone randomly choosing to do redundancies. It’s a serious, large-scale decision that, even if executed as well as physically possible, is an awful experience for everyone involved, from every employee to management.
Despite the economic climate, we put this decision off as long as we could. As Adam talked about it in the meetup, we hired ahead of our growth, and we had to lengthen the runway and we had to be realistic about what every scaleup is experiencing in the fundraising arena right now.
We are very thankful to every Freetrader that helped us grow this amazing business.
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All makes sense. Thanks for taking the time to reply @Viktor 
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I have noticed an increase from 8 days to “20 days left” in the Crowdcube… It might mean that they are not reaching the numbers they expected or at least at the speed they were expecting.
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I just refreshed as it was now 6 days so an extra 2 weeks it seems. I have had the page open for a few days to monitor so must have been recently extended.
Wonder how many increase as it may cover another pay packet 
Crowdcube campaigns typically run for 30 days, and there were times when we ran the campaign for a longer amount of time - i.e. longer than one or a couple of days. That’s what I’d expect now.
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The team are looking to add these on the next week or two if possible. Thanks.
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I just wanted to say thank you (from me) for jumping on and addressing some of the real concerns and frustrations that people are mentioning on this thread.
It’s a Friday night and a co-founder is hanging around the boards and proactively replying… that’s pretty cool.
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Thanks Viktor, that’s much appreciated
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I wanna be a billionaire so fucking bad, buy all of the things I never had Uuuuhh…
Yeah it’s impressive that Viktor and others high up in Freetrade come onto the Forum and answer some of the questions/concerns. Don’t think you would get that Anywhere Else.
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Freetrade had 10m in staff costs in 2021 compared to Trading 212 with 2.8m, similar amount of users and features
Bring on Hungary asap
In second thoughts,maybe not?
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Would that be T212 who have 17 staff according to the same accounts you got that figure from?
You’ve had more community accounts than they have staff Brian.
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Hi Jonathan, no worries.
As a heads-up, there is a Reg S issue with HYUD, but the others look okay to add for me.
Someone from the team might jump in to confirm the additions next week.
Please do let us know when an instrument should be on Freetrade and it’s not!
We revved the universe up to contain ~6,200 instruments, but if we learnt anything during the long years of building Freetrade is that the world of investing is very large, and we absolutely want you to have as much access to it as possible.
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Hi Mohammed 
We’re actively hiring engineering in Hungary, as well as in our HQ in London of course and in Brisbane.
Some of the new hires will help us change and improve our backend software architecture, that will ultimately result in further improved delivery, so it’s not just about the attractive costs, but the engineering talent market we can access in that part of the world - starting with our director hire that joined us from Alpaca, the backend based on some of the neobroker apps provide a user interface on.
Call me biased, but I wouldn’t read a huge amount into what the media says about Hungary. There is a level of political risk everywhere, see Brexit, and the government is business-friendly as far as we can judge.
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