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Crowdfunding investors bag returns as UK startup Freetrade snapped up for £160M

Crowdfunding investors in UK startup Freetrade will see a financial return after the commission-free trading app was today acquired by the listed trading platform and spread betting group IG Group in a £160M deal. Freetrade, founded in 2016, is one of several mobile trading apps, along with Robinhood, which have become popular with millennials in recent times. The newer entrants, offering mobile-friendly technology and commission-free trading, have looked to wrest market share from traditional i...

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