16 January 2025
A messy spreadsheet: Metrics for UK retail investment/saving/digital wealth fintechs. I’ve been collecting revenue, user, profit, asset etc numbers for companies like Chip, Freetrade, InvestEngine, Moneybox, Plum in the UK retail investment/saving/digital wealth fintech space. Some of them are brokers, some savings apps, but they’re increasingly overlapping.
It’s a bit of a mess, there are certainly gaps and errors, I’ll update it every now and then. The big picture is that post-ZIRP, valuations corrected and capital markets tightened, shifting every platform from growth into profit mode, so expect platform closures or further consolidation. Moneybox is big, but is growth slowing?
I’m posting this because Freetrade announced a trade sale to IG today (RNS here). Shareholders might be pleased, disappointed (disclosure: hiya) or fizzing, depending on when they invested and whether they got preference shares.
In other investment platform news today, eToro plans to go public.