Hordes of competing apps are betting on the ‘Americanisation’ of European share trading after the memestock frenzy during the pandemic.
“It’s a land grab right now. The battle hasn’t even started,” said Adam Dodds, chief executive of Freetrade, the UK-based neo broker. Germany’s Trade Republic this month started signing up clients in Spain, hot on the heels of its launch in France, having raised $900m earlier this year in a round led by US venture capitalists Sequoia, who also backed Robinhood. Freetrade expects to “imminently” receive the blessing of Swedish regulators to establish a beachhead for its continental ambitions, with a full rollout across Europe planned in the next year.