'Freetrade' word trademark
Freetrade was unsuccessful in its 'Freetrade' word application in the EU.[1] Does this mean that Freetrade has to pay the trademark holder a fee to use the 'Freetrade' word in the EU?
Series B funding amount
The company said that it raised £50 million in an oversubscribed Series B. The round closed in March 2021.
The company statement shows that in the year ended 30th September 2021, the total amount raised in the period is £35 million, a difference of £15 million from the £50 million. Is the main reason for the difference becasue the raised amount is based on certain milestones being achieved? If so, what's the milestones? If not, what's the reason?
Groupship Consulting Limited
In 2017, the company wrote, "[t]he Company...has a consultancy agreement with Groupship in relation to book keeping, accounting and general administration. Adam Dodds, a director of the Company, is also a director of Groupship. The fee under the current agreement is for £6,000 per quarter."[2]
£6k per quarter seems materially above the market rate. How was the rate determined, and why was the agreement subsequently terminated?
Freetrade's proprietary brokerage system
The Crowdcube Freetrade campaign page details that Tim is the original architect of the company's proprietary brokerage system, the Freetrade Cloud Platform.
It's reasonable to assume that the CTO of the company when the brokerage system was first released is the original architect of the system.
Is there any evidence to confirm the actual architect?
London Stock Exchange member
Freetrade details that it's a member of the London Stock Exchange. What's the main benefit of being a member?