Freetrade announces the launch of investment app in Sweden

By Megha Bhattacharya

Commission-free investment platform Freetrade today announced that it will launch in Sweden with plans of opening its European headquarters in Stockholm.

Adam Dodds, CEO and Founder of Freetrade, commented, “We’re thrilled to announce our plans to open our European headquarters in Stockholm. This is a major step on our mission to bring commission-free investing to everyone in Europe. Sweden has given rise to some of the most impressive tech companies in Europe and there is a vibrant and deep talent pool that we are excited to tap.”

Recently, TrueLayer announced a collaboration with Freetrade in a bid to deliver enhanced investing experience using Open Banking to around 200,000 of its customers. Freetrade, the commission-free investing app, has already implemented TrueLayer’s Open Banking Data and Payment APIs. The platform allows Freetrade’s customers to connect their primary bank account to the its app, thus providing securing funding via Payments Initiation.

Freetrade is a challenger stockbroker that offers mobile-first, commission-free investing to the UK and Europe. It is FCA-regulated, FSCS-secured and one of the newest members of the London Stock Exchange (LSE). Freetrade has grown its UK customer base more than 5x in the last twelve months (to over 250,000) and trade volumes have exceeded SEK 12 billion this year.