By Oliver Smith on Tuesday 19 May 2020
The share trading app reached the European regulatory limit on how much can be raised through crowdfunding.
The round closed after just five days given Freetrade reached the European regulatory limit on how much can be crowdfunded without a prospectus.
Across the six campaigns that Freetrade has now held, the business has over 10,000 shareholders who have invested.
Speaking at the AltFi Digital Summit on Thursday, Dodds teased the business’s upcoming products including a pension fund and a possible IPO in the not-too-distant future.
The fintech says the funds raised from this most recent round will be used to accelerate growth and continue its expansion—Freetrade has added over 70,000 customers since the start of 2020 alone.