Why should they? If they have confidence in their product then they should let the conversation flow.
Censorship would be a sign of weakness and, as you say, conversation would just go elsewhere.
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Just seen this on Trading 212 - itās boootiful. Wonder if Freetrade has this on its agenda?
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I think Iām right in saying Freetrade has a similar feature called Autopilot in the works but thereās no telling when it might be shipped. Iād love to be able to set and forget my regular investments.
I spoke to a Lightyear employee on the phone who said theyāre working on adding UK stocks to their platform.
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Lightyear has made no secret of that. After all it says Our goal is to give all of Europe access to the worldās markets without hidden ā¦. I expect it to be a formidable player in this space and not only because of the lower Forex rate. Once it has an ISA its interest to UK customers will increase multifold.
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GoTrade, licenced in Malaysia, just raised $15M:
Gotrade, the app that lets international users buy fractions of US stocks, raises $15.5M Series A ā TechCrunch?
IMO this would be a great acquisition candidate for Freetrade @adam - Just take the licence and customer DB, and rebrand to FT.
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There is a crowded market of small players in this space, with local licences, initial brand and consumer traction, and big dreams for achieving scale. There is a clear business case for consolidation, and FT could probably fundraise for that on a stand-alone basis, or just pay with FT equity. Given the ramp time for their organic expansion and growth, this may get them much further much faster.
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Itās definitely something that Freetrade should go for and āabout timeā. Fortune favours the Brave
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Whatās the valuation though? It says they just raised $15M but doesnāt say at what valuation. If they are worth a couple of hundred Million thereās no way Freetrade could afford it.
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Also as far as I know Freetrade isnāt profitable yet and neither are they. If you are still burning through capital using it to buy another unprofitable company to burn through it faster is possibly not the wisest moveā¦
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We donāt know the metrics, but itās probably worth the DD time investment from whomever FT has working on CorpDev. There are many small companies like this all over the world trying to replicate or ideate on the Robinhood model. Thereās a clear consolidation opportunity.
While they havenāt commented publicly on the delay of their Swedish licence, it was certainly disappointing and incredibly frustrating for them to stand on the sidelines for so long. Acquisition opportunities like this can de-risk market access and vastly accelerate launch timing (though some regulatory approval for change of control would likely still be necessary). It would also allow them to acquire an existing customer database, compliance team, some engineers and product managers, and probably generate some efficiencies along the way.
The deals could be all-stock or a mix of cash and stock, or they could even fundraise solely for these deals.
Thatās why we need series C
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good suggestion, this could be a synergy
New player, ETF and crypto only
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Interesting they offer individual client segregated accounts like most other CREST based traditional brokers.
looks like they primarily make money off their managed portfolios, 0.25%, but this canāt be enough to sustain them so im guessing theyāre burning through investor cash as well.
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From their roadmap, revenue from
B2B revenue from licencing the solution to large corporates
Lending securities
Interest on loans against the
value of an investorās portfolio
Premium accounts
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Ah thatās what I was looking for. Looks like they have a good set of ideas on the page. Have the said what kind of timeline theyāre looking to be profitable by?
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Not sure, but you can ask them on Crowdcube
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2026
JISA is a massive one for me.
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