Freetrade launches securities lending service powered by Sharegain
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Freetrade launches securities lending service powered by Sharegain 27 August 2024UK Reporter: Daniel Tison
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Investment platform Freetrade has partnered with Sharegain to launch securities lending to its UK retail clients.
The new ‘share lending’ service enables its retail clients to generate passive income from lending their stocks and ETFs.
Freetrade was able to launch its securities lending programme with no upfront costs and no additional headcount, says Sharegain.
Anup Patel, head of customer success at Sharegain, says: “Securities lending has been a source of passive income for the largest financial institutions for decades.
“Today, with the launch of their securities lending programme, Freetrade is breaking down those barriers and levelling the playing field — unlocking a new opportunity for private investors in the UK.”
Viktor Nebehaj, CEO of Freetrade, adds: “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.”
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