As much as I’m not a football person….
Get in!!!
I’ll have to free up a couple of hundred beans for that!!!
Revised update: Slightly less soon*
Welcome to the forum!
You missed off “again.”
That’s commitment. You went very far back in this thread for that haha.
New round will not happen until current offer ends (30 Nov). I think it might be planned for the 6th December
Hey! Which current offer are you referring to?
That’s a good point, I really hope these promotions (this ISA one + the SIPP transfer one at the start of the year) mean we will get an AUA figure included in the next pitch deck.
Would love to know the overall AUA figure and the average in an ISA/SIPP and even a GIA
The new free share campaign around increasing AUM in ISA accounts is pretty smart. This should boost the numbers up before they publicly disclose this through the upcoming round.
Why has Trade Republic had ~10x more funding and has about 10x higher valuation than Freetrade?
They both have about 1 million users and they’re similar companies. There must be a reason, maybe Trade Republic’s model is more profitable. They seem to have a lot of US investment, whereas Freetrade is mostly UK investors.
Because Freetrade is only set to serve the UK while TR is available in most of the big European countries. The potential market is so much bigger (as for now).
They also accept PFOF as it’s currently legal in Germany
Germany, France and Austria for now but they intend to expand to every Eurozone country. Banking licence, crypto and funds protection up to €100k. Nice proposition.
Trade Republic raise a huge round with Sequoia Capital leading the round. With the success of Robin Hood the US VC’s we’re clearly looking to recreate it by throwing money at a EU broker and push for scale.
Shame that broker wasn’t freetrade . If we were ready for Europe maybe it would have been a different conversation at the time.
There is still Tiger & SoftBank. They love chucking stupidly big valuations around!
100k is only for cash, right? Stocks are still 20k-protected