Freetrade, the commission-free investment app based out of London has announced that it will launch in Sweden with European headquarters in Stockholm. The company is planning to expand across Europe in the future.
As per the company claims, Freetrade has grown its UK customer based more than 5X in the last twelve months, and trade volume has exceeded SEK 12 billion (approx £10.5 billion) this year.
Building home for European talent
Right now, the UK company is hiring for various positions including local managing director, non-executive director to lead its Stockholm office. Besides, Freetrade is also recruiting a head of engineering and compliance manager to build a home for European talent following the UK’s departure from the EU.
The commission-free investment platform is on a mission to get everyone investing by building an easy-to-use app that consumers can trust. With this platform, users can invest in around 4000 the UK and US-listed shares, ETFs, and investment trusts.
How Freetrade was born?
Founder and CEO Adam Dodds relocated from Canada as a Manager at KPMG to the UK. However, he was shocked by the quality of investment platforms here, in terms of cost and usability. And thus Freetrade was born in 2016.
Raised £24 million to date
To date, the company has raised £24 million across crowdfunding rounds and Series A led by Draper Esprit.
Adam Dodds, CEO, and Founder of Freetrade commented: “We’re thrilled to announce our plans to open our European headquarters in Stockholm. This is a major step on our mission to bring commission-free investing to everyone in Europe. Sweden has given rise to some of the most impressive tech companies in Europe and there is a vibrant and deep talent pool that we are excited to tap.”
Freetrade is a member of the London Stock Exchange, regulated by the FCA and all customer accounts are covered by the Financial Services Compensation Scheme.