From CNBC: 2025-01-16 07:46:04

British stock trading app Freetrade has been acquired by IG Group for £160 million. The startup, popular among young traders in the UK, saw its valuation drop in recent years. The deal signals further consolidation in the wealth tech industry, following Hargreaves Lansdown’s acquisition. Freetrade expects the deal to close this year.

Read more: Freetrade acquired up by IG Group at 29% valuation discount