Adam Dodds, the CEO and co-founder of the popular stock trading app Freetrade, has announced his departure from the company after eight years at the helm. Dodds will be succeeded by Viktor Nebehaj, Freetrade’s current COO and co-founder.
In a LinkedIn post announcing his resignation, Dodds cited Freetrade’s recent milestone of achieving its first profitable quarter as the catalyst for his decision to step down. He expressed confidence in Freetrade’s future prospects, describing the platform as “default alive” and well-positioned to compete with incumbent platforms in the UK market.
Freetrade, founded in 2017, has garnered regulatory approval from both the UK’s Financial Conduct Authority (FCA) and the Swedish Financial Supervisory Authority (FSA). The platform boasts a user base of 1.5 million retail investors with access to over 6,000 stocks and exchange-traded funds (ETFs).
Reflecting on his tenure, Dodds acknowledged the challenges Freetrade has faced, admitting that the company “almost died so many times.” However, he credited the unwavering support of Freetrade’s crowdfunding shareholders and the partnership with Nebehaj for sustaining the business through difficult times.
In his new role as CEO, Nebehaj is poised to lead Freetrade through its next phase of growth and innovation. Dodds affirmed his commitment to supporting Nebehaj and the company as a board member, while also expressing excitement for his upcoming personal pursuits, including spending more time with his family and pursuing hobbies like flying.
The transition marks a significant milestone for Freetrade as it continues to disrupt the traditional brokerage industry and democratise access to financial markets for retail investors.
