6 years ago
Freetrade Secures €13.4 Million Series A Funding Led by Draper Esprit
Freetrade, a London-based commission-free stock investing app, has raised €13.4 million in Series A funding
The round included €6.7 million from Draper Esprit, a leading European venture capital firm
Freetrade also raised €1.16 million in 77 seconds on Crowdcube, setting a new record for the fastest raise on the platform
The funds will be used to accelerate growth, hire new talent, and expand into new markets
Freetrade aims to make investing accessible and affordable for everyone, particularly millennials, by offering commission-free trades and fractional shares
The company has seen significant growth since its launch last year, with an average user age of 30 and 8% week-on-week customer growth.
ProblemFinancial Services
"making investing accessible to everyone, especially millennials, by removing barriers like high trading fees and complex interfaces."
Solution
"offering a commission-free stock investing app that allows users to buy fractional shares of US, UK, and European companies, making investing more affordable and accessible."