Sounds like it :), sounds like also work on the SIPP as well although it being harder
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No IPO is planned, growing the business is #1 at the moment. We need our revenue to be higher and have meaningful EBITDA first.
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No plans for IPO in the short or medium term. Freetrade want to increase their revenue to put them in the best position possible prior to IPO in the future
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God damn dancing around the share price.
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No plans for Crypto either
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We are in the strongest position we have ever been, and we have a positive outlook for the future - so invent your own share price.
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Frank and honest update call. Rather sobering for shareholders, but the share deck nonsense from the company seems to be out the window with a change in management
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My honest opinion for an exit, don’t make retirement/yacht/house plans for at least another 3 years.
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Shame I really wanted to hear about average share price vs FIFO but I’m sure we will hear soon enough.
I would love employer contributions to SIPP as this interests me and I could properly start a SIPP.
JISA I don’t care for much same as the Web platform but that’s juet because I don’t use it but I know many want and need it so that’s great news for them.
Getting rid of that stupid deposit on the main screen is a grip of mine especially when you’re withdrawing and putting money in and out using the flex ISA.
All in all though seems freetrade is heading the right way, maybe get one team on JISA. One team on LISA, and the smaller teams on better functionality of the app etc aka the things we vote for.
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Easily the best Freetrade investor update so far in terms of style and content. A good, mature presentation - it reminded me a lot of the two other investor updates that I’ve sat through on InvestorMeet today actually (for listed investment trusts).
Freetrade doesn’t need music, free pizza or free socks anymore. The company has definitely grown up!
A good spread of questions too. Good to hear that crypto has been killed off and that finally JISAs and LISAs are on the horizon! I only hope and pray that it includes LISA transfers though I’m not optimistic and so few providers offer this service.
I hope fellow crowdfunding investors are as confident as I am in this new direction 
#DiamondHooves
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Good update today. I posted a question too late at the end but maybe it can be picked up here. Given FT isn’t looking for anymore funding at the moment, could a secondary sale opportunity for crowdfunding investors be arranged? This could be done on e.g. Crowdcube Secondaries.
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Haha the ending of the meeting was basically “Bye” … unceremoniously dumped!
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A few points:
- £600bn in the ISA market alone, so loads of room for growth within the UK.
- All about continuing to compound revenues, need to lift revenues and profits higher and then an IPO will take care of itself. [At 90%+ margins (excluding share lending), revenue increases will lead to healthy profit].
- They’re on track with AUA and profit vs the forecast at the last crowdfunding, revenues will be lower due to delayed share lending [presume regulatory delays].
- Efficiencies in building, the speed of development has increased with a more stable team.
- Mutual Funds will come, however, they need to consider timing and approach. So after LISA/JISA which are aimed around H1 '25.
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@Kiava Employer contributions shoudn´t be a stopper for you to start with SIPP. I do bulk transfers every now and then and it works fine, it´s just that it´s time consuming doing those pension transfers from your provider to FT.
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Treasure bills will be charged for non-subscribers at some point. It will continue free for subscribers.
The Web platform seems to be where we will see faster development, and some backend changes(APIs) are happening in parallel in some services. The focus on the web UI to attract high net worth customers.
No further scope for crypto.
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Good to hear that main focus is on web.
Web needs total rethink.
Too bad that exit not in sight.
I can definitely see an acquisition before an IPO
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Yes but you can have a chance to get some of it only if you offer those with fat ISAs what they want. “What do they want?” I can hear you ask. They want what they already have with their incumbent broker: JISA and SIPP employer contributions.
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Will the recording be available? Sadly missed the meeting 
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I’m beginning to wish I’d not sold 50% of my FT shares in 2021 whilst also wishing I’d gone in much heavier in R4 
Everything looks really positive and I expect if these results continue on this trajectory, we’ll be snapped up long before an IPO 
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