Viktor Nebehaj announced on LinkedIn that he will step down as CEO of Freetrade this summer. He wrote, “After nearly ten years of building, it feels like the right time for me to step back and take a proper break. There’s never a perfect moment, and if I don’t choose one, I’d probably just keep doing this forever.”

Last year, IG Group agreed to acquire Freetrade for £160 million. The deal is funded from IG’s existing capital. Freetrade will continue to operate as a standalone business, with Nebehaj remaining as CEO. The acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term gives IG access to the UK direct investment market and broadens its existing trading and investment offerings.

Former Freetrade COO, CMO, Growth

Nebehaj has been with Freetrade since its early days, co-founding the company and holding multiple leadership roles. He served as COO for two years and four months, as CMO for three years and seven months, and as Head of Growth for one year and four months.

• iFOREX Confirms "Advanced Stage" for London IPO Following Last Year’s Postponement
• “Singapore Private Banks Dominate Fund Flows” as Retail Investors Go Mobile
• Robinhood UK Launches Stocks & Shares Product Amid eToro Launch and ISA Debate

Before joining Freetrade, Nebehaj worked at Notey as Head of Growth for one year and six months in Hong Kong, and at Cliqz as Head of Assessment for one year and three months in Munich, Germany. He also held roles at iProspect as Regional Digital Operations Manager / Head of SEO for nine months in Hong Kong.

Freetrade Raised $69 Million Capital

He spent seven years at Google in Dublin, Ireland, where he worked as an Online Operations Manager for EMEA for three years and two months, and as a Search Quality Analyst for nearly four years.

Freetrade is a London-based stock trading app that has raised capital, including a $69 million funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term.

Freetrade Faces Investor Backlash After Acquisition

Following the acquisition by IG, Freetrade has faced criticism from early investors, as the £160 million cash deal was more than a quarter below its previous fundraising valuation.

While the company reported that early investors received 15 times their investment on average, questions over valuation gaps have emerged. Freetrade became profitable in the first half of 2024, reporting a £12.3 million gross profit and a small operating profit.