Freetrade 2021 Crowdfunding Round

Freetrade Chat šŸ”„
87

The only thing getting me through September was the thought of a raise.

The only thing getting me through October-December was discussing and salivating over the new share price.

Now ā€¦

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88

Was the announcement one of those post 2mins before departing office on a Friday to let the weekend calm down the reactions :joy: In all seriousness though it is better to be done at the right time for FT than a wanted date from the forums.

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89

Fair play to @Freetrade_Team for letting us know. I can imagine the forum if there was continued speculation all of September and then no communication at the end of the month

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90

Ha :sweat_smile:

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91

Waiting a tad longer so they can tput the 1M user figure in the deck

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92

Why would you hope for that? It would just mean more dilution before it is actually necessary. I wouldnā€™t think they need the funds just yet. Iā€™m honestly happy for them to forego this yearā€™s fundraise if they have the runway to wait, but I think itā€™s a case of them wanting to involve the crowd every year, as they have done since inception.

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93

Great to hear, thatā€™s all we needed, thanks Sam!

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94

The biggest risk to your expected payout with your freetrade shares isnā€™t diminished returns from fractional dilution, it is speed to market & scale. Bring on the big chequesā€¦
Also worth noting how fractional the respective dilution starts to become with a Ā£1bn+ Val.

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95

Yep sometimes you need the big funding to keep pace and it could/may be needed as it is a competitive market and only going to get more so. :+1:

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97

If you google, you can immediately see that Bitpanda started before freetradeā€¦

99

Yep, which is why I donā€™t see why you incorrectly stated the opposite l. I assume you wanted to support your narrative that pitpanda is ahead of freetrade. But there is no need to state incorrect information for that. :sweat_smile:

101

Bit Panda is open to many many more markets and if FT launch in Europe within the year then they will get astronomical numbers sign up. Comparing them is actually a bit pointless in the meantime as a comparison. Looking at the site I prefer FTs model and pretty sure that when they are in the same markets the numbers will be higher than them.

I have only browsed TBH but they donā€™t seem to offer the big reliable earning like SIPP and ISA etc so simply having X sign ups doesnā€™t mean the business is great long term. Does look an interesting app though :+1:

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102

Thatā€™s odd @onehundredpercent has disappeared. :grimacing:

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103

Agreed, comparing sign ups is silly, active funded users could easily be an order of magnitude lower.

Thatā€™s also why I hope FT give us a more meaningful number (# ISAs, # SIPP, # FT+, Ā£AUA or revenues) for the next funding round, raw account numbers are pretty meaningless - especially if lots of people just use them as a scratch card for a free share.

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104

This is particularly huge on FT sign ups as many will have done only that. I do however think the overall offerings as you mentioned are very good for long term success. I do think some platforms that donā€™t offer SIPP, ISA etc will fail when people get back to spending anything they have rather than investing long term.

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105

Definitely. Would imagine that all the hype around another public raise is great for marketing/exposure too

106

Might be wrong but it looks like you arnt actually buying shares either with bit panda, only derivatives

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107

They also mentioned it would be a joint raise with half being crowdfunded in EU and half UK if I remember correctly, so I wonder if itā€™s more to do with EU rollout going slower than maybe hoped

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108

This was my reasoningā€¦

109

Crowd funding confirmed for October 28th? :yum:

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