Freetrade buys Stake UK clients and assets
Stake launched services for UK clients in 2020, but has decided to focus primarily on its Australia and New Zealand operations.
Stake launched services for UK clients in 2020, but has decided to focus primarily on its Australia and New Zealand operations.
The merger of NAGA and CAPEX.com has formed one of the world’s leading neo-brokers with around 1.5 million users in over 100 countries.
Webull is controlled by Chinese entrepreneur and former Alibaba executive Wang Anquan.
BUX is now a wholly owned subsidiary of ABN AMRO, and will continue operating as a separate entity.
FlowBank’s controlling shareholders have engaged the services of Thomas Borer, a former Ambassador of Switzerland to Germany.
Pluto is planning to formally launch in July 2024, as an app-based retail investment and savings app.
ABN AMRO’s venture arm, formerly known as ABN AMRO Ventures, was among the first companies to invest in BUX.
The partnership will involve visual displays both on and off the ice as well as various content-based productions.
Revenues of BUX UK dropped by 83% to £1.5 million in 2022 (from £9.2 million in 2021), leading to a 2022 net loss of £2.3 million.
Freetrade said that this round is all about “doubling down” on its growth by upping its investment in UK customer acquisition.