Freetrade sails past £2m, but technical difficulties put crowdfunding on ice
A spokesperson told AltFi that the campaign likely won’t be “back up and running until tomorrow or early next week”.
The commission-free stock trading app hit problems just after reaching £1m of funding in its first 10 minutes, as Crowdcube’s website crashed.
On Twitter Crowdcube posted the following apology:
Once again, we’re really sorry for the issues with the site today. TheCrowdcube site is now back up and running.
— Crowdcube (@Crowdcube)
A Freetrade spokesperson told AltFi that the campaign likely won’t be “back up and running until tomorrow or early next week”, which was also
On its technical issues, Crowdcube co-founder Luke Lang told AltFi: “We’re really sorry for any inconvenience caused. We experienced technical issues with our website following high demand from people wanting to invest in Freetrade this morning. Our website was back to normal shortly afterwards but Freetrade’s pitch remains temporarily closed while we resolve outstanding issues.”
Read more -The Challenger: Freetrade’s Adam Dodds
The crowdfunding round—which was only initially targeting a £1m raise—is aimed at scaling the business, adding stock analytics, customer growth and European expansion.
UPDATE 2019-04-25 - It appears that some people's investments were duplicated on Crowdcube, Freetrade