Pretty sure that’s monthly. They had a target for £1m in monthly recurring revenue a couple of years ago. See this blog post: Freetrade Invest Hub
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That would be amazing. A lot of stupid valuations these days for companies with almost no revenues. Looks like the introduction of the Plus tier paid off.
Like many on this forum, I am a keen FT supporter. I’ve invested in every round since my first in 2018 for which I am grateful for the opportunity. I think it’d be a fair play if those that have pre-emption right do actually get the opportunity to exercise that right especially given that the crowd has played such an important role in FT’s journey.
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I think that revenue figure must be monthly based on the wording but it’s much higher than I expected. At the time there were ~300k users of which I would assume the majority are inactive / very small and not contributing revenues.
£1m revenue is 57,000 plus users all spending £1.7k/month (entire ISA allowance) on US stocks for £17.50 per month total (£10 + £7.5 FX). I think if that really is £1m/month it must very strongly imply >£1bn AUA as that would be 120bps average cost which is very expensive (~double HL’s figures)
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Although I don’t have class A shares, it would makes sense for A class shareholders to be allowed to invest alongside the VCs on the same terms. There should have been an allocation for you to do so.
I doubt this will be the case, as you would have heard about it by now.
My guess is that the secondary market is for selling only to the company and it was set up to allow some employees and early investors to take some profit, which is a good ideea imo for people who need money.
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I reckon Adam & Viktor would maybe take a million or two. Fully deserved I might add 
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Agreed. But, on the flip side, do they really want to sell at this bargain basement price when they know the full potential of the business in 1-2 years ? But, taking some profit is sensible, I guess.
Not seen much discussion on dilution here.
If we take The Times figures at face value then I have it as I would need another 28.5% of shares to avoid dilution.
Is that right?
They did say there would be a crowdfund this year though, right? I’m pretty sure I read on Twitter that there is going to be another crowdfund later on in the year. Can someone confirm that please?
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Hi I have invested on Crowdcube on a number of companies, but must have missed Freetrades listing. Are you going to allow the ability for registered users of Freetrade to purchase shares?
Adam has stated they want to raise about 17m from the crowd from both UK and Europe this year.
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Assuming the £265 million from times is post series B valuation, £35 million of additional shares will be issued, so dilution is 35/230 = 15%
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If I were Freetrade I would release and make available £15 million shares to the countries they are expanding to this year. France/Netherlands and put say a £5000 ceiling per customer. It would be of great benefit to the Freetrade communities in those countries.
With the remaining £2 million release it in the UK at maybe a £3000 ceiling @adam @Viktor
I remember the Monzo raise Dec19 had a £2000 ceiling per customer on CC
Do you think I would qualify for a consultancy fee for the aforementioned suggestion 
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Completely agree. Crowdcube is a brilliant ideea for a start up to start a movement and product interest and loyalty.
In other news, Crowdcube just sent the “Sell email”. It looks like the people who invested on the first round get 50X return. Well done for them.
“As for me, I like the stock.” as a famous investor once said. I will bag hold it for the time being and try to add to it.
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When you take SEIS into account, it’s actually 95X but I’ll hold onto mine for now.
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Same. It’s basically free money.
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One comment only 
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The crowcube email says investors who bought in R6 and R7 could make a NET loss if they claimed EIS. that doesn’t make sense. The share price is higher even if they have to pay back EIS relief?
Doesn’t apply to me because I didn’t buy in those rounds and I’m not selling, but surely that’s wrong?
Maybe, if you also take the extreme case of having to pay CGT on the profit made. (assuming you have used your allowance, etc.)