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192%
Raised
£1,927,630
Investors
1360
Target
£1,000,000
Equity
5.08%
Pre-money valuation
£36,000,000

Freetrade makes investing simple and free. An FCA-regulated stockbroker, their app is now available on iOS and Android in the UK with plans to launch in Europe. After overfunding to £3m in only a day last year, they are now raising again to supercharge their growth.

  • Fully live on iOS and Android
  • 24,000+ customers, growing at 12% weekly since reaching 1,000 clients
  • A team from Google, Amazon, Deliveroo, Snap Inc etc
  • Building the Freetrade platform and planning EU expansion
Information The company has £2,000,000 of EIS available for this raise. B (non-voting) shares will be issued to all investors, and the maximum investment amount is £50,000 per investor

Idea

Freetrade is a beautiful, zero-fee investment app.

In our opinion, the investing industry doesn’t work well for most current or future investors. Commissions are high and products are clunky. It can be complicated to start investing for the first time.

We open up stock market investing to everyone, with zero fees and modern, intuitive design.

We built a serverless, mobile-optimised tech stack which can scale to millions of customers. It means we can offer our basic service for free.

We have a freemium model, only charging for the extras our customers want.

Since our record-breaking Crowdcube raise last year (£3m in a single day, 600% overfunded), we’ve launched on Android and iOS, shipped features like ISAs and US stocks, and brought zero-free investing to over 21,000 customers.

We’re raising now to ramp up our customer acquisition. To date, it’s been driven by word of mouth. We want to supercharge that with new growth channels, in particular, incentivised referrals.

We’ll also grow engineering. We’re building a platform to implement fractional shares and a stock universe in the thousands. We’re building better functionality to search and filter stocks, and analytics to give our customers insights into their portfolios.

Finally, 30% of our waitlist signed up from outside of the UK. The raise will support our expansion into the EU.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Freetrade has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.