Freetrade in the news 🗞️

Funding round is normally May time.

Will we have another one? No one knows. The doubt is due to a statement Adam made about moving on from crowdfunding due to our size/growth. However no one knows at this time, so we will see next year.

@adam hinted at a series B during Dec on the forum a few weeks ago. But if that’s crowdfunding or VC who knows?

No a Series B is VC. No such thing as crowdfunding series

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See here:

Some further news on European expansion Freetrade sets sights on European domination as it gears up to launch in Sweden - AltFi

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Would be great to hear the reasoning from the team. Quite unexpected

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On picking Sweden, this recent (probably pay-walled) article is interesting:

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I don’t have a clue what’s going on with Freetrades European expansion. I thought it was Ireland and the Netherlands that were first on the roadmap.

Do i get some socks or something? :smile:

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Copied extract for those who can’t get past the paywall:

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I hope this was Daniel Ek’s doing

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I was thinking this. Could the move into Sweden be as a result of Series B influence?

I remember Adam on an interview saying he had conducted an interview with someone from Luxembourg- this idea seems to have changed/ gone quiet.

Very interesting.

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Loads of exposure in the times today. Also some dirt on a certain competitor

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Was reading that earlier. Nice free advert.

Reads like a Press Release. Good work from whoever set it up.

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Interestingly I don’t think it’s the best article in the world. It’s not completely accurate and even misses out other information in regards to competitors etc.

I get a 503 error, seems the 11 people who have clicked on your link have overwhelmed it :rofl:

More like the rush from Trading 212 to reply in the comments section.

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Key part below. This will certainly make T212 users consider whether they have made the right choice with their savings…

“Other low-cost trading services include Trading 212 and Degiro. The latter is not covered by the Financial Services Compensation Scheme (FSCS), which guarantees deposits of up to £85,000 if the firm holding your money fails. Trading 212 also warns that some customer funds may be held in non-UK bank accounts so the FSCS may not apply. Freetrade is fully covered by the FSCS.”

Also the following T212 gem;

“The company, based in Bulgaria, is also not easy to get hold of. It failed to respond to requests for information despite repeated attempts.”

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