Yh the lack of communication is the major problem. Delays can happen but you need to manage peopleās expectations. Crowdcube clearly failed on that frontš¤¦š¾āāļø
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Yes not sure if this is too big for them. We understand delays, issues just keep everyone informed and donāt keep giving false promises. I would prefer being told it will be mid June, rather than each week say it will be the following week and then nothing happens.
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Yep precisely keep people informed, on a higher note this was clearly way to big for them.
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Good news, Crowdcube just messaged me to say I will have my full payment in my bank account tomorrow !
Looks like we are just about there.
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Payment received.
I believe everyone who sold shares has already received their payment too.
Great return for the R2 investment. My first ever return from investments through Crowdcube.
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Iāve noticed Freetrade has been in the news a lot less lately. Anybody know how many users are on the platform? What milestones are being worked towards etc.?
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Hi @sman
One of the most active thread on the forum tracks their user growth of FT. Growing circa 1200-1500 users per day.
https://community.freetrade.io/t/how-many-users-now/3314/2993
The FT team have published a road map of what theyāre working on. In short international expansion is on the cards with much of Europe, Australia and Canada coming up first.
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Gotta love the usefulness of our community members. Thanks Neil!
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Happy to help in the few cases I can. Welcome to the forum and hopefully youāll find it a useful resource
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Iāve been looking a round a bit. Iām surprised Freetrade doesnāt have Crypto on itās roadmap given the competition such as Bitpanda is already in Europe.
Someone here shared in another thread about it being a āwinner take mostā kind of game and Revolut has gotten so big because there is something there for everyone. I concede Freetrade doesnāt have to become a Revolut, but it seems like Crypto trading is both lucrative and here to stay. Perhaps itās not being implemented because there is no way for Freetrade to implement it without fees.
But would that not be āshooting yourself in the footā just because of your name?
https://community.freetrade.io/t/winner-takes-most-monzo-revolut-starling-tide-atom-tandem-n26/13013
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Crypto trading was mentioned at an AMA earlier this year, info here ā> Community Meetup - 8 PM Wed 12th May 2021, live on Zoom - #78 by jspen
It will require a bit of a shift for the business model which has been engineered to create a long term relationship with customer through recurring āmembershipā for the ISA & SIPP. Itāll probably be first with crypto ETFās but not sure if theyāll be considered ISA eligible so could be GIA only.
The winner takes most as far as FT are concerned would be competing with the likes of Trade Republic, BUX, T212 & e-toro (probably more but I canāt think of them right now).
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With Freetrade growing this fast, European, Australian and Canada rollout this year or early next, crypto around the corner, demand for fintechs exploding and competitors raising money at significantly higher valuations Iām really struggling to see how FT wonāt be a unicorn soon!
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If anyone is looking to sell their FT shares, please reach out via PM. Happy to pay above last VC price.
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Needless to sayā¦
How much above is the real question.
Everyone was offered to sell at the VC price, but only 5% took it up. Granted peoples circumstances may have changed since, but hopefully they know what they own!
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you can wait September and buy at the next Crowdcube campaignā¦
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Ā£12 would certainly test my desire to hold on a bit longer - over 30x return on investment at EIS R3 levels.
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For sure but keep in mind the market landscape. I think thereās still potential for 5-10x+ at Ā£12ā¦ (From another R3 investor)
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Totally agree, as freetrade wonāt do PFOF itāll be even more attractive to users as in theory they should be getting a better share prices.
I think thereāll be too many established commission free brokers by 2023-24 for Freetrade to have a good chance at making a dent in the US. I think itād be a mistake to spend the huge resource that will be required at the time to break in to US.
With neobanks like Revolut, there is huge upside to having a presence in many/all countries, since you can disintermediate the existing payment networks and capture much of that value. Expanding into more countries can improve the core offering for existing users in other countries. Indeed, I expect much of the future value in Revolut(if successful) will come from being in all countries and bypassing existing payment rails and not from feature set.
I donāt think there is a similar 1+1=3 result from opening new countries for a broker(though happy to be corrected), so itād be a mistake to follow the neobank playbook and chase competitive international markets. Less competitive international markets where the team identifies there to be a lack of an offering should be taken.
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Well it depends what the aim is. If the aim is to just open up shop and do 0 marketing then sure it wonāt be too expensive but then I wouldnāt expect many customers or much value add for the company.
But to become a big player will be impossible at that time without huge marketing spend. Same with Monzo US expansion, if they had done it in 2017 Iād expect they would have had much lower CAC than theyāll have now with Chime, Current and many others competing for the same users.
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