Fintech firm Freetrade reveals that they have received their license from Sweden’s financial regulator, Finansinspektionen.
Freetrade confirms that their mission “to get everyone investing got a big boost this week, as we secured our licence from the Swedish financial regulator.”
The company wrote in a blog post that this is “a big step forward in our European expansion.” It also means that they’re “closer to offering [their] app to millions of investors across Europe.”
Freetrade’s management also mentioned that they are “going to bring EU residents access to thousands of US, British and European stocks and ETFs.”
And they are working on “many more features and products that will help support investors on their life-long journey, like local tax-efficient accounts and much more,” the Fintech firm revealed.
Recently, the firm onboarded their first beta testers for their Swedish app and they are “planning to continue to roll out a beta version in the coming months.
So if you are in Sweden, “be sure to sign up to the waitlist to be among the first to get access,” the firm noted in a blog post.
They also revealed that they’ve “transformed the way that people across the UK are saving and investing and we’ve grown the market.”
The company further noted that they are “going to transform the way that Europeans invest too.” Freetrade also noted that when you invest, “your capital is at risk.” And the value of your portfolio “can go down as well as up and you may get back less than you invest.”
Freetrade is “a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorized and regulated by the Financial Conduct Authority.”
The business is registered in England and Wales.
As reported in December 2021, Freetrade‘s Head of People, Amy Gilman, had reflected on a “big” 2021 and an “even bigger” 2022.
Gilman wrote in a blog post that 2021 has been “an incredible year of growth for Freetrade.”
She added that whether that’s growth to “over 1 million registered users in the UK, growth in [their] assets under administration to more than £1 billion or [their] record-breaking recent crowdfunding round.”
She also noted that another growth story, and as Head of People “one very close to my heart, is our employee expansion.” Gilman revealed that they have “grown 200% this year from a company of 89 people in the UK only to 260 people across the UK, Sweden, Australia and Canada.”
