Growing competition in the European retail brokerage space 📲; A FinTech that doubles your VC raises 💸; Square’s long-term dance with Bitcoin 💃

Good Morning FinTech, 8 November

Good day Everyone,

And happy Monday! Hope you enjoyed your time off and managed to relax a bit. In order to get you going, here’s a mix of 3 wonderful FinTech stories for today:

Growing competition in the European retail brokerage space 📲

The news 🗞 The UK-based digital trading platform Freetrade recently announced it has reached the milestone of £1 billion ($1.28B) AUA after passing the 1M user mark last month.

Growing momentum 🚀 Freetrade has established itself as one of the dominant UK retail brokerages. It’s the second-largest retail brokerage on the London Stock Exchange as measured by a number of trades, following financial services giant Hargreaves Lansdown.

More importantly, the company has quadrupled its users to 1 million in October year over year.

Revenue-driving initiatives 👉 Freetrade sought to consolidate its stellar growth through a series of new initiatives over the past year. It rolled out its premium offering, moved into pensions, and struck up a partnership with Monzo.