FNG Exclusive… FNG has learned from company sources that FCA regulated online brokerage firm Trading 212 UK Limited has raised an additional £6.0 million (USD $8.5 million) of capital. The investment was made by Trading 212 controlling shareholders Borislav Nedialkov and Ivan Ashminov.
We understand that the investment was made, bringing Trading 212’s base capital up from £4.8 million to £10.8 million, to help support the growth of the business both current and expected in the future. Like a number of its online brokerage counterparts, Trading 212 has seen a sharp uptick in all metrics over the past year covering everything from number of clients to client assets held to trading volumes. While that growth has (likely) come with an increase in profitability at Trading 212, it also requires more capital.
The company’s shareholders have also overseen an overhaul of company management to reflect the company’s increased prospects, including bringing on board former Tickmill executive Mukid Chowdhury as CEO, as was exclusively reported at FNG in early May.
Trading 212 group revenue came in at £29.7 million (USD $41 million) in 2019, but we understand that the figure was considerably higher in 2020. The company, which now divides its branding between Trading 212 CFDs and a commission-free stocks and ETF offering Trading 212 Invest, tweeted out in August 2020 that it had reached $1 billion in client assets after posting in July that more than 500,000 people have opened and funded Invest and ISA accounts.