London based stock trading app Freetrade has raised £1.1m through crowdfunding platform Crowdcube. Freetrade is a mobile app designed to let users invest in stock markets around the world, with zero commissions or fees.
There are currently over 6,000 people on the waiting list ahead of the full product launch later in 2017 and will be available on iOS, with an Android app to follow later in the year. This new crowdfunding campaign follows on from a Crowdcube Seed Enterprise Investment Scheme (SEIS) raise in July 2016, where Freetrade was 170% overfunded within 12 days. Since this first crowdfund, the company developed the app and currently has Financial Conduct Authority (FCA) regulatory permissions in place.