Public raised $220m at a valuation of $1,200 per userā¦
Yes from what I have came across with valuations ie:Robinhood-Public it seems to be they value them roughly $1200 per customer so I would guess when Freetrade hits 1 million customers in August they will be valued at approximately 0.9 - 1 billion Great British Pounds and then in 2022 after they have opened in Aus & NZ and Sweden & Netherlands and a few more countries they will easily be hitting 2-3 billion valuation in 2023-24
I guess once they hit North America between 2023-25 we will be looking at a 5 billion valuation. That was easy @Viktor @adam
Werenāt there musings of SE Asia market being the next target just recently? I personally know a lot of people in the region who want to get into trading but have no means to do so. May be a bigger opportunity than the red ocean of North America.
Yes, see this article which announces the Australia plans. It means it could be a base for further SE Asia expansion, which is v. interesting.
Maybe I am simplifying it but in the Middle East, there are alot of cash rich expats who invest in international markets mainly using interactive brokers. It would be a great market to hit in the medium term as no low cost brokers operate there.
Canada is a big opportunity too - no Robinhood but they do have something called Wealthsimple which is zero commissions
Any new user numbers??
So in summary, weāre basically saying that the entire world is ripe for Freetrade expansionā¦
Wealthsimple is not the same thing. Itās similar to Vanguard here and operates more as a fund. Use it for long term investing for my daughters.
Am currently a bit wary about further expansion having witnessed the slow customer support first hand. If my experience is anything to go by, I think they need time to automate more things, speed up transactions and money movements and give customers more self-serve tools before chasing new markets. Iāve been trying to manually ābed and isaā some shares ahead of the tax year end and the whole process has taken 9 days so far with money currently stuck in the GIA account.
Can we maybe redirect some of this chat to Freetrade in the news šļø and Freetrade Competitors? The new post notifications are probably getting peopleās hopes up for new numbers
Maybe next week. Anyone got a new number?
Plug it in!!!
It was more of a joke given that each of the several new posts preceding mine were suggesting a different global region.
Totally agree about getting customer services levels back to where they were though.
Sorry for another off-topic post @zaccharles!
They might be using a different calculation method because that same page (Courtier en ligne gratuit et sans commissions | Freetrade) was advertising 600 000 clients on monday or sunday and we have a user number input of 568 000 from saturday on the google sheet
Friend signed up earlier:
577,8**k
Thanks for sharing! Look at the amount of likes youāve got with that post. People have a pent up demand for user numbers. Letās keep this thread to this main topic now
There are far too many of us wanting user numbers
With 10 days left of the month itās a near certainty 600k will be reached this monthā¦
What happens when you add in more countries, improved app and improved customer service? Behemoth.
French waiting list opens tomorrow (maybe today) , excited for that to impact users numbers soon