We shared that we’re making good progress towards offering fractional shares when we announced our new crowdfunding round earlier in the week
(we’ll be offering fractional shares for US stocks too )
The next step is to finish building our Investment Platform which will enable us to offer fractional shares in the app. We’re hoping to move everyone over to that platform by the end of the year.
I’m really excited about fractional shares for a few reasons:
-
They let you buy a portion of high priced stocks like Amazon or Berkshire Hathaway, rather than having to invest £1,000+ in one go
-
They let us give you a much better user experience when you place an order because you can set the amount that you want to invest & spend exactly that amount when you invest in a company
-
They make reinvesting dividend payments, which are often quite small, possible. Saving you from having to keep cash in your account until you’ve saved up enough to buy a whole share
-
They’d make providing automated investing much easier
Although please bear in mind that we might not have all of this functionality ready as soon as fractional shares launch
As they’re so great, fractional shares are a top priority, we just have some work to do to enable us to offer them first. We’ll keep you updated on our progress here & via the roadmap.