The battle for Europe's stock traders has stepped up a notch after Robinhood's UK challenger, Freetrade, secured $15 million in a fundraise.The Series A round sees investors Draper Esprit topping up the £3.8 million Freetrade raised through crowdfunding earlier this year with an additional $7.5 million.
"We took the view that this isn't a 'winner takes all' market, the opportunity to get millennials to save and invest more is huge," a Draper Esprit spokesperson told Business Insider. "Most importantly, we felt their mission was totally aligned with our own—as a listed VC we are also on a mission to open up investment into tech to the general public."
The company's latest innovation is to offer UK users access to "fractional" or parts of individual shares in European companies, something which is available for US companies, which Freetrade claims is a first.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Freetrade: British Robinhood challenger raised funding to take on US giant - Business InsiderCheck out the pitch deck Freetrade used to get a $15 million Series A to take on Robinhood and Revolut
Source: BusinessInsider - 🏆 729. / 51 Read more »
ThreeKit: 3D photography startup funding by former NFL star and Salesforce - Business InsiderFounded in 2005 by Hollywood special effects veteran Ben Houston, ThreeKit uses 3D software to provide realistic product renderings for online retailers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump hails 'cash' to farmers from US aid package in China trade war - Business InsiderThe Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to US farmers next week.
Source: BusinessInsider - 🏆 729. / 51 Read more »
One of these 16 finalists will become Business Insider's 2019 Car of the YearBrands represented this year are Audi, BMW, Cadillac, Ford, Honda, Lamborghini, Mazda, Mercedes-Benz, Nissan, Porsche, RAM, Subaru, and Toyota.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook is quietly setting the stage for an unprecedented new chapter in its business - Business InsiderFacebook is quietly setting the stage for an unprecedented new chapter in its business ...not being a platform for white supremicists and elitists? After The Great Hack which hack is to follow?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sentry changed to BSL because Amazon is a 'huge business liability' - Business InsiderSentry CEO David Cramer explains why his company changed its open source licenses to the Business Source License, which was created by Cockroach Labs.
Source: BusinessInsider - 🏆 729. / 51 Read more »