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."

      Covered on