Freetrade launches securities lending service powered by Sharegain

Investment platform Freetrade has partnered with Sharegain to launch securities lending to its UK retail clients.

The new 鈥榮hare lending鈥� 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: 鈥溕ㄌ胠ending has been a source of passive income for the largest financial institutions for decades.

鈥淭oday, with the launch of their securities lending programme, Freetrade is breaking down those barriers and levelling the playing field 鈥� unlocking a new opportunity for private investors in the UK.鈥�

Viktor Nebehaj, CEO of Freetrade, adds: 鈥淪haregain was the perfect fit for Freetrade鈥檚 vision of making investing accessible.

鈥淭heir 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.鈥�

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