I’ve been here since 2019 but not got it yet. My anniversary will be some time next month I think.
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“we’re planning to expand our Swedish beta offering over the next few months.” So any significant roll-out in Europe is going to be 2-3 years, I would guess. Slow, imo.
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With this new capital, we’re excited to accelerate our international plans and give access to markets in a responsible and trusted way.
Read of that what you will…
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Quite an insight from Molten Ventures how they treat investment in Freetrade. Today Molten published annual results, and Freetrade share price has decreased by appr. 20% compared with price one year ago.
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That means a share price of £3 per share (approximately)
That’s very positive if it’s only a 20% decrease. Fantastic as far as I’m concerned
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From £3.77. Not £9.25.
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Oh it would more than half since I bought in last year… Typical
So… freetrade is being valued at $270 million ish… meanwhile their main rival trade republic just raised another $268 million in cash at a valuation of $5 billion, with more or less the same number of customers… k…
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Additionally invested during financial year - 5m GBP, fair value change - (4.9)m GBP. 4.9/25=19.6%
However there is valid question at what Freetrade share price their investment was valued last year after series B.
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The comparison between valuations inside the US and outside the US is a very difficult one to make, the funding environment is very different. Additionally, Republic is much more comparable to, say, Crowdcube or Seedrs (which they now own) and so they’re treading new ground in the US – crowdfunding is relatively new to the US.
Robinhood is a much better comparison to Freetrade in terms of product, and you could read their precipitous valuation fall as the market realising that they were very overvalued and that the value of such a business is much closer to what Freetrade is valued at (on a per user basis).
Trade Republic not Republic!!
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It’s an interesting time to be thinking about what share price you’d be happy to exit at. My view has changed over the 3 years I’ve been involved. I’m pretty heavily invested so I’ve had deliriously optimistic thoughts some days, Del Boy and Rodney style. More realistically, I recognise they’ve been bubbly times recently but I’m still pretty hopeful.
It’s a hard one, because as much as I want to exit at the right point, I’ve had the cash tied up for really quite a while now and it would be great to be able to take a bite out of the mortgage…
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I’m guessing around the £20 mark a share in 2023/24 once Europe has been taken care of!
Is there an estimate of what the share price for the latest round was?
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The last round as in a few weeks ago? If so there wasn’t a price attached, the last funding was secured through a convertible loan.
This is a loan that subject to certain criteria, of the the next funding round, is turned into equity with a discount applied.
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Just wondering what Starling really means Starling Bank - Company Chat - #21 by bitflip. And what the cross-over implication for Freetrade is (if any) - and whether this has anything to do with the delay we are seeing in the EU rollout.
It is not merely a matter of a EU licence - there is more to this. If it was simply licence I suspect that Freetrade would have set up shop in Luxembourg long time ago as it would have been keen to get out in the EU asap.