Freetrade: Adam Dodds hands CEO role to Viktor Nebehaj

Rick Steves

“I’m very happy to say Viktor will be stepping up to take over the helm as CEO. He’ll lead us to the next destination on our journey and beyond. I’ll be doing everything I can to support him and the company from the board.”

Adam Dodds, co-founder of Freetrade and the investment platform’s chief executive since its founding in September 2015 has decided to step down from the executive role.

Freetrade was founded in September 2015 by Adam Dodds and Davide Fioranelli. Three years later, the company welcomed venture capitalist Molten Ventures to complete a $15 million Series A financing. The company’s $69 million Series B round was announced in March 2021, led by Left Lane Capital, with participation from L Catterton and Molten Ventures.

However, the company struggled to find new backers at a higher valuation in 2022 and had to resort to a convertible loan note supplemented by a further crowdfunded round and a staff reduction of around 15%.

“Finally getting my pilot license”

“After eight years of leading Freetrade, I’m stepping down as CEO,” said Adam Dodds on LinkedIn. “When reflecting on the journey from idea to over a million users with billions in assets, it’s getting through the tough times you remember the most. We almost died so many times it’s hard to count.

“Now, after putting up our first profitable quarter and with the business on a strong sustainable footing, it’s time to hang up my skates. Freetrade is default alive and ready to take on the incumbent platforms in the UK with self-sustaining growth.

“Throughout the last eight years there have been two constants: our crowdfunding shareholders, and my cofounder Viktor Nebehaj. Without either, Freetrade would not exist today. I’m incredibly grateful to everyone who has supported the business over the years and got us to this point.

“I’m very happy to say Viktor will be stepping up to take over the helm as CEO. He’ll lead us to the next destination on our journey and beyond. I’ll be doing everything I can to support him and the company from the board.

“As for me, I’m looking forward to getting to know my kids better, annoying my wife on the farm, and finally getting my pilot license.”

Viktor Nebehaj steps in as CEO of Freetrade

Viktor Nebehaj, an early crowdfunding investor who joined the firm as chief marketing officer and became COO in 2022, was announced as the new CEO of Freetrade.

Before joining Freetrade in 2017, Viktor Nebehaj was Head of Growth at Notey, Head of Assessment at Clicz, and Head of SEO at Prospect.

He started his career at Google in 2005, based in Dublin, Ireland, where he was Search Quality Analyst for three years and Online Operations Manager, EMEA, for another three years.

Freetrade recently unveiled its latest offering: Cash Investments, a novel venture that introduces a series of GBP and USD exchange-traded funds (ETFs) designed to mirror or surpass overnight interbank interest rates. With this launch, Freetrade reaffirms its commitment to making high-value investing accessible to all. Rates go up to 5.33%.

Read this next

blockdag

Top 5 ICOs that are Likely to Explode in the Current Bull Run 2024

Explore top upcoming ICOs: BlockDAG, GBTC, TUK, SCOTTY, and SPONGE. Learn about their potential high returns and unique features.

blockdag

BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.

blockdag

30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.

blockdag

IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.

blockdag

May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.

blockdag

Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.

Chainwire

BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”

blockdag

AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

<