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Freetrade
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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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