INSUBCONTINENT EXCLUSIVE:
challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding
The round includes a $7.5 million investment from Draper Esprit, the U.K
publicly listed venture capital firm, along with previously announced equity crowdfunding via Crowdcube.The funding will be used by
The firm, which claims more than 50,000 customers, is also planning to expand to Europe next year.In addition, Adam Dodds, CEO and founder
complicated.Amongst a number of new stock trading and investment apps in the U.K., London-based Freetrade was first out of the gate as a
This included obtaining a full broker license from the FCA, rather than simply partnering with an established broker.The Freetrade app lets
you invest in stocks and ETFs
invest a small amount or regularly refresh a modestly sized portfolio.Meanwhile, Dodds says that next on the product roadmap will be a new
investment platform that will give users the option to purchase U.K
ones, which he claims will be a first.With that said, competition has been steadily increasing since Freetrade set up shop
launch, having recently received regulatory approval
Bux has also recently launched commission-free trading and now bills itself as a challenger broker just like Freetrade
extra spice to that rivalry
As I wrote at the time, the circumstances that saw Mohamed depart Freetrade remain unclear
The company have shown exceptional growth in the short time since they first launched the platform last year
