Freetrade posts £15.6M Revenue, £39.8M Net Loss in FY 2022
Freetrade is an app-based stockbroker, providing an execution-only trading platform to retail customers.
Freetrade is an app-based stockbroker, providing an execution-only trading platform to retail customers.
Freetrade said that this round is all about “doubling down” on its growth by upping its investment in UK customer acquisition.
Freetrade recently raised an additional £30 million in funding, in the form of a convertible loan.
Freetrade last raised funds in a November 2021 crowdfunding exercise, which valued the London based company at £650 million.
Competition has increased significantly over the past 12 months in the UK between CFD (or “Forex”) and shares brokers.