1 billion dollers moooooo hahahahha, MOOOOOO HAHAHAHA, MOOOOOOOOOOOOOOOO HAHAHAHAHHA
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You want a 25% stake?
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Swag level! I won’t miss out on the Freetrade Stanley Smiths!
And I don’t even like Adidas!
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Half of the people on this thread genuinely want to invest, the other half sit on a decent pot of shares and just want to see the share price and feel rich. Me, I am just a tiny investor(is 1000 shares a lot ?), who will probably add a tiny bit just for fun.
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I’m excited but at the same time, having looked at Freetrade financials page on Crowdcube, a bit worried. Funnily enough, it’s not that easy to find a link to this page on Freetrade or Crowdcube. Here’s the link:
https://www.crowdcube.com/companies/freetrade/financials
Well, it looks like Freetrade is basically burning money and the rate of this burning is increasing every year. It had pretax profit of £-525k (i.e. loss) in 2017 and this has swelled to £-8.4m in 2020. I am not a seasoned investor but it really makes me wonder. Perhaps any of the more experienced users could comment on that?
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That’s a normal process for almost all scaling start-ups. Most companies don’t make profit far after they’ve IPOed.
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As @SebReitz says this is very normal, id be more concerned if they didn’t spend money otherwise the money from series B is just sitting in the bank for no good reason, freetrade is on a growth spurt right now and that’s a very good sign honestly.
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basically burning money
really it depends if you think FT is wasting all that money, or spending it to actually improve future profitability
expanding into new markets, marketing, developing proprietary technology, new staff/departments/worldwide offices don’t pay for themselves
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in my opinion In the short term the lack of profitability is not an issue
in 2/3 years time before the IPO Freetrade should show to the market that it can achieve profitability (in the quarter pre-IPO high growth companies need to show that they are breakeven or very close to breakeven)
in 5/6 years time Freetrade should generate strong EBITDA and cash flow
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None myself. I bought some I think in round 4, so should be about 10x this round. Pretty happy with that, but I don’t really like to add to individual company investments once I’ve invested.
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Thank u for the info
I keep wondering if the crowdfunding is happening as it’s the latest date they could fund this year due to the 30 day raise period and then the 7 day cooling off period, just so it doesn’t affect a raise next year. I do wonder if European rollout is happening within the next 7 days, fingers crossed maybe some clues tonight.
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The event is not available on eventbrite, can you please send me the joining details. Thanks
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Hi @thapaarldn
Welcome to the community. The eventbrite link is for in person tickets - there will be a link posted later for the stream. 
yep - FT is burning money but in the right way - You only have to see their recent marketng on London Taxis , Radio etc etc.
This will attract lots of investors to use the platform, hence, good for shareholders in the long run.i.e They are doing the right thing !
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How does Freetrade make money when no trading fees are charged? Please explain in detail
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FX fee for US stocks 0.45, sipps £9.99, Isa £3, plus membership £10 (includes Isa)
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I can’t believe that this is sustainable
Does it mean that all other bigger competitors make loads of money by charging trading fees and more on FX?
Is FT not being charged buying shares on stock exchanges? Don’t think buying shares as FT is free of charge
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That’s exactly what they do.
Hargreaves Lansdown operating profit is over 50%. And that’s on a large legacy based back end that won’t have the efficiencies of freetrade.
@duncan who used to work at HL mentioned on stage that just because they charge £11.95 a trade it’s not because that’s what it costs.
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