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Retail FX

Freetrade Suffers Trading Volume Drop in 2023 despite Revenue Boost

  • The platform handled £3.4 billion in trading volume in the 15 months ending in December 2023.
  • However, the number of users on the platform increased by 9 percent, reaching over 1.45 million.
Monday, 14/10/2024 | 07:15 GMT by Arnab Shome
Retail FX

Freetrade Acquires Stake UK Arm, Challenging Robinhood's Expansion

  • The UK fintech aims to solidify its position in the competitive retail investing market.
  • Significantly, since Robinhood is strongly expanding its presence in the region.
Tuesday, 01/10/2024 | 08:52 GMT by Damian Chmiel
Retail FX

Freetrade Achieves Breakeven: £100,000 EBITDA amid £8.3 Million Loss Recovery

  • Despite previous losses, the firm reported £6.7 million in revenue.
  • In the first quarter of this year, Freetrade saw net inflows totalling £130 million.
Monday, 15/04/2024 | 12:00 GMT by Tareq Sikder
Retail FX

Freetrade’s 2022 Revenue Jumps, but Rising Costs Deepen Losses

  • The company posted a loss of £39.7 million in 2022.
  • The number of users of the platform jumped 51 percent.
Friday, 07/07/2023 | 10:38 GMT by Arnab Shome
Retail FX

Freetrade Stock Trading App Slashes Valuation by £425 Million

  • The startup reduced its valuation by 65% as FinTech companies face a severe sell-off.
  • The decision emerges in anticipation of a crowdfunding campaign planned this month.
Wednesday, 14/06/2023 | 11:31 GMT by Damian Chmiel
Retail FX

Trading Platform Freetrade Raises over £1M, Starts New Crowdfunding

  • Freetrade raised £1,314,400 from 1,976 investors.
  • The company recorded a 647% boost in its revenue for fiscal year 2021.
Thursday, 15/09/2022 | 16:47 GMT by Solomon Oladipupo
Brokers

Freetrade Failed to Secure Higher Valuation as Investors Back Out

  • The deal funding deal was scrapped earlier in January.
  • It ended up raising £30 million in a convertible loan from existing investors.
Wednesday, 07/09/2022 | 06:22 GMT by Arnab Shome
Brokers

Freetrade Ends FY21 with a 647% Revenue Jump, Clients Crossed 1 Million

  • Though the fiscal year ended with 886,743 clients, the 1 million mark was crossed by the 2021 end.
  • The company suffered a pre-tax loss of £18.2 million in the year.
Thursday, 26/05/2022 | 10:55 GMT by Arnab Shome
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