Freetrade, the “commission free” investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs.
With Sharegain, Freetrade was able “to launch its securities lending program with no upfront costs and no additional headcount.”
Sharegain’s technology solution enables clients “to launch programs that comply with the relevant regulatory requirements, including CASS and SFTR.”
Anup Patel, Head of Customer Success at Sharegain, commented:
“We are thrilled to partner with the fantastic team at Freetrade and generate a new source of income for them and their clients. Securities lending has been a source of passive income for the largest financial institutions for decades. Today, with the launch of their securities lending program, Freetrade are breaking down those barriers and levelling the playing field – unlocking a new opportunity for private investors in the UK.”
Viktor Nebehaj, CEO of Freetrade, added:
“Sharegain was the perfect fit for Freetrade’s vision of making investing accessible. Their innovative solution coupled with their expertise and white glove approach, made this launch a success. We are delighted to offer our customers a new way to make money from their investments.”
As noted in the update, Freetrade is a commission-free investment platform “for self-directed investors.”
Freetrade offers customers the ability “to manage their GIA, ISA, or SIPP and select from over 6,000 UK, US, and European listed shares, ETFs and investment trusts.”
Launched in 2018, Freetrade now manages over £2bn in assets and serves more than 700,000 UK retail customers. Freetrade is regulated by the FCA and is a member of the London Stock Exchange.
As mentioned in the announcement, Sharegain is “a B2B global securities lending fintech.”
Sharegain has democratized the securities lending market “through its unique solution, unlocking potential revenue-generating opportunities that were previously the preserve of big financial institutions.”
Sharegain’s end-to-end digital solution combines “full control and transparency with minimal overhead or up-front costs, enabling private banks, online brokers, wealth managers, asset managers and custodians to lend their stocks, bonds and ETFs, and generate additional revenue for their own business and their clients.”
