Freetrade lands in Europe

Freetrade has launched in Sweden, its second move outside of the UK and first into the European market as part of its plans to brings its stock trading to Europe. 

It will now offer Swedish investors thousands of local and international stocks and ETFs after receiving authorisation from the Swedish regulator Finansinspektionen.

Sweden’s general public will have to wait for several months, however, before the end of a closed beta period.

In early 2021, Freetrade announced its first overseas expansion with the opening of an office in Australia. It plans also include wider launches across in the Netherlands and Germany.

 Founded in 2016, the company, which has over 1.2 million users, and a valuation at its last fundraise of c.£650m.  

“This news marks a significant milestone in our mission to get everyone investing. We’ve always considered Freetrade to be a European company at heart, and I am thrilled for us to be able to,” said Adam Dodds, CEO and Founder of Freetrade.

There is a massive opportunity for our business to offer European retail investors a low-cost and simple way to invest for the long-term. We’ve always put our customers’ first in everything we do, and we’re thrilled to now be able to bring this to the rest of Europe,” he said.

 Dodds has previously said that 2022 would see “battleground Europe” among investment apps.