Freetrade shooses Sharegain to offer securities lending services to retail clients
Freetrade, the commission free investment platform, has launched ‘share lending’ to its clients, a new service powered by Sharegain that enables its clients to generate passive income from lending their stocks and ETFs.
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With Sharegain, Freetrade was able to launch its securities lending program with no upfront costs and no additional headcount. Sharegain’s technology solution enables clients to launch programs that comply with the relevant regulatory requirements, including CASS and SFTR.
Anup Patel, Head of Customer Success at Sharegain, commented: “We are thrilled to partner with the fantastic team at Freetrade and generate a new source of income for them and their clients. Securities lending has been a source of passive income for the largest financial institutions for decades. Today, with the launch of their securities lending program, Freetrade are breaking down those barriers and levelling the playing field - unlocking a new opportunity for private investors in the UK!”
Viktor Nebehaj, CEO of Freetrade, added: “Sharegain was the perfect fit for Freetrade’s vision of making investing accessible. Their innovative solution coupled with their expertise and white glove approach, made this launch a success. We are delighted to offer our customers a new way to make money from their investments.”