“Being on the NASDAQ offers us entry to world capital markets, facilitating speedy enlargement in all areas and significantly in Europe, the place Freedom24 is experiencing robust development”
The itemizing on the NASDAQ inventory change has allowed us to realize and exceed our preliminary objectives, Freedom24's govt director, Evgenii Tiapkin, emphasizes to “P” in an interview on the event of the completion of 5 years for the reason that entry of Freedom Holding on the American inventory change .
“Particularly at Freedom24, we now have gone from being a start-up in Cyprus to now having a big European presence, just lately reaching 300,000 clients,” he provides.
Technological innovation, regulatory transparency and buyer assist are, in keeping with Mr. Tiapkin, the three foremost pillars that set Freedom aside from the competitors.
“Our proprietary platform gives seamless entry to a variety of economic merchandise, from shares to futures, all by way of a single, easy-to-use software. This presents our clients a easy and safe technique to entry the markets, whether or not they make investments €1,000 or €100,000,” he says.
So far as Cyprus is worried, he notes the existence of a robust regulatory framework, overseen by CySEC, which “matches completely with our method to compliance and transparency”.
Evgenii Tiapkin, Government Director of Freedom24.
5 years have handed since Freedom Holding was listed on the NASDAQ inventory change. To begin with, what elements led you to the choice to go public and particularly on a inventory change like NASDAQ?
The introduction of our father or mother firm Freedom Holding Corp. to NASDAQ in 2019 was a strategic determination that aligns with our pursuit of changing into a worldwide monetary firm that operates with transparency and excessive governance requirements. NASDAQ is the world's main inventory change for know-how firms and is house to giants comparable to Apple, Microsoft and Tesla, and can be identified for its strict itemizing standards. We needed to position Freedom Holding Corp. amongst these modern firms, strengthening our worldwide presence and credibility. Our IPO was greater than only a fundraising course of. It was a dedication to transparency, compliance and attracting worldwide traders. Moreover, being on the NASDAQ offers us entry to world capital markets, facilitating speedy enlargement in all areas and significantly in Europe, the place Freedom24 is experiencing robust development.
The itemizing course of took three years of preparation and restructuring to be able to align the corporate's governance and working practices with the inventory market's strict requirements. This course of was not simply administrative, however transformative because it led to the creation of a strong basis for our development and integration into world monetary markets. As well as, it required the institution of robust inside controls and transparency frameworks, which finally delivered further worth to our shareholders and clients.
Have the objectives you set with the introduction been met? What has modified within the final 5 years at Freedom Holding?
Sure, this introduction has allowed us to fulfill and exceed our preliminary objectives. Over the previous 5 years, Freedom Holding Corp. has seen important development in a variety of actions, from monetary companies to insurance coverage and telecommunications, increasing its geographic presence within the US, Europe and Central Asia. Our income and profitability have grown, whereas our share value has reached new highs, demonstrating investor confidence in our technique and imaginative and prescient.
As for Freedom24 particularly, we now have gone from being a start-up in Cyprus to now having a big European presence, just lately reaching 300,000 clients. With over 400 staff, we function a community of consultant places of work throughout Europe and being a part of a listed firm has actually helped obtain this development.
Our know-how has additionally performed a key function on this growth. We invested early in constructing a proprietary buying and selling platform that immediately presents entry to over 1 million monetary merchandise and versatile financial savings plans, all managed by way of a single software. The platform just isn’t solely user-friendly but in addition tailor-made to fulfill the advanced wants of each retail and institutional clients.
The following 5 years
What are your objectives for the subsequent 5 years? Are you interested by itemizing on European inventory exchanges as nicely?
Our strategic imaginative and prescient for the subsequent 5 years contains increasing our geographic presence by opening new consultant places of work in Denmark, the Czech Republic and Lithuania, in addition to strengthening our product vary. We intend to develop our companies past brokerage to start out offering some banking companies as nicely.
Now we have the technical capability, know-how and expertise to considerably develop our companies, providing extra digital options to our clients throughout Europe. By way of our further listings, whereas we proceed to develop, our focus stays on leveraging the worldwide attain of NASDAQ.
Market and competitors
You use in a extremely aggressive market the place there are numerous firms providing entry to funding merchandise. What makes you stand out out of your rivals?
The elements that make us stand out are based mostly on three foremost pillars: Technological innovation, regulatory transparency and buyer assist. First, our proprietary platform offers us seamless entry to a variety of economic merchandise, from shares to futures, all by way of a single, easy-to-use app. This presents our clients a easy and safe technique to entry the markets, whether or not they make investments €1,000 or €100,000.
Second, being a part of a NASDAQ-listed firm differentiates us when it comes to regulatory credibility and compliance. We adjust to each US and European rules, providing our shoppers a excessive degree of confidence and safety when making their investments.
Lastly, we’re buyer oriented. We prioritize person expertise, consistently bettering our platform and offering instructional assets to assist shoppers make knowledgeable funding selections. Our financial savings applications, which supply aggressive rates of interest, are only one instance of how we align our companies with buyer wants.
Compliance and transparency
This multitude of firms additionally creates compliance and transparency points. The non-public investor sees just one web site. How do you handle these points?
We handle these issues with a robust dedication to transparency and compliance. For us, compliance isn’t just a authorized obligation, however a cornerstone of our enterprise mannequin. We strictly adhere to Cyprus Securities and Trade Fee (CySEC) rules, guaranteeing that every one our monetary actions are recorded, reported and monitored. This method permits non-public traders to really feel assured that they’re working with a dependable and strictly regulated monetary establishment.
As well as, we make investments closely in educating our clients and speaking with them. By means of the Freedom24 Academy, we offer monetary programs, serving to our shoppers perceive market dangers and alternatives. This effort is complemented by the supply of real-time market information, analytical reviews and sensible examples inside our platform, which allows shoppers to make knowledgeable funding selections.
Cyprus
Your European headquarters is in Cyprus. How do you assess your presence within the nation to date?
Cyprus has turn into the headquarters of our European actions, providing each strategic and operational advantages. The nation's robust regulatory framework, significantly below the supervision of CySEC, completely matches our method to compliance and transparency.
Over time, we now have grown considerably in Cyprus, not solely when it comes to our workers and operations, but in addition in our involvement in the neighborhood. We actively assist cultural and sporting occasions such because the Pan-Cyprus Open Chess Championship and work with Olympic sailor Pavlos Kontidis, contributing to the local people past the monetary sector. Our assist of native cultural and sporting initiatives underlines our dedication to Cyprus as a key hub for our European enlargement.
