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Freetrade

Invest in stocks with zero commissions or fees

201-500 employees
  • Fintech
  • B2C
  • Investing
Spitalfields, London, UK

Company mission

At Freetrade, we believe investing should be accessible to everyone. It’s one of the best ways to grow your savings but, for many, it seems complicated, expensive, and out of reach. We’re here to change that. We're a technology company that brings simple investing to everyone. We’ve built a beautiful app to buy and sell shares and ETFs in a fluid, mobile-first experience.

Rocket List 2021
Top investors

29% female employees

71% employee growth in 12 months

Otta's take

Theo Margolius headshot

Theo Margolius

COO of Otta

Freetrade is aiming to democratise investing. Investing in stocks has traditionally been restricted to a more wealthy generation who can afford the commissions of £10-£12 per trade and have the money to pay for financial advice. Freetrade is trying to make investing accessible for all (according to them, there are 16 million millennials in the UK who have never invested in stocks before).

Freetrade has strong customer loyalty. This enabled them to raise nearly all of their early investment through record crowdfunding funds (they also recently raised £12m from VC Draper Esprit). Crowdfunding tends to work particularly well when the investors active in crowdfunding communities can relate to the product, which is certainly the case here!

They've also created an active community where potential investors can share advice and learn about company stocks, which has helped fuel engagement and growth. Freetrade is in a market with a lot of well-capitalised incumbents (such as the big banks and brokerages) and some big disrupters (like Robinhood and Revolut, who are both £bn+ companies already). The key to continued customer growth will be finding marketing strategies that don't rely on them outspending deep-pocketed rivals.

On the product side, Freetrade has built a brokerage platform from scratch using serverless technologies. This will help them scale their product in a cost-effective way, as they're not reliant on a 3rd party broker. 2023 investment from Crowdcube will be put towards increasing its UK customer growth and finding more markets in Europe, all whilst launching new products and features.

Benefits

  • Share options - Benchmarked to US tech companies. In other words, truly meaningful.
  • 33 days Holiday (inc. UK public holidays)
  • Enhanced pension - Plan for the future. We'll match your contribution up to 5%.
  • Insurance - Top-end life, travel and health insurance for you and your family.
  • Enhanced parental leave - Catch up on sleep with two extra weeks of additional paternity and maternity leave.
  • Learning and development - via Learnerbly
  • Cycle to Work scheme - We are a member of the Cycle to work scheme, to make sure you get discounts on the best bikes & gear, making your commute easy and stylish.
  • ...and other perks - A Plus account on the Freetrade app, plus regular team lunches, socials etc.

Company values

  • Candid
  • Curious
  • Focused
  • Humble
  • Gritty

Funding (last 2 of 11 rounds)

Jun 2023

$2.4m

LATE VC

Sep 2022

$2.4m

CONVERTIBLE

$128.9m

Total funding

This company has top investors

Founders

Started his career at Google where he worked for 7 years. Most recently Head of Growth for Notey, a blogging company based in Hong Kong.

Started his career in KPMG, where he worked for 6 years in Audit before starting Freetrade.

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