From CNBC: 2024-05-13 11:15:25

Adam Dodd, co-founder of wealth technology app Freetrade, steps down as CEO. Nebehaj, Freetrade’s COO, to succeed him pending regulatory approval. Dodds’ departure comes after a profitable quarter for Freetrade, aiming to expand products and growth in the U.K.

Dodds reflects on Freetrade journey, hands over CEO role to Nebehaj for next phase of growth. Freetrade saw success after GameStop stock-trading saga, but also faced layoffs in 2022. Recent success includes profitable quarter, but annual losses still present in the financial statements.

Nebehaj praises Dodds’ leadership and plans to continue building the right product for customers. Freetrade raised £2.3 million in a crowdfunding round last year at a discounted valuation. Despite recent challenges, Freetrade’s profitability marks a positive turn in its financial performance.

Read more: British trading app Freetrade says CEO Adam Dodds to step down