Key Metrics
- No. of Employees178
- Founded Year 2020
- Company StagePrivate Limited Company
- Total Funding₹83.76 Cr
- Industry
- Headquarter
- Company StatusActive
About FREED
Founded by Ritesh Srivastava, FREED offers personalized budgeting, spend analytics, repayment simulations, debt payoff strategies and credit education.
Since its launch in August 2020, the startup claims to have enrolled over 6,500 consumers with over Rs 350 crore in retail debt and settled over a thousand accounts with creditors, offering debt reduction to consumers and resolution of bad debt for creditors.
Business Model
Consumer budgeting platform FREED focuses on outstanding unsecured personal loans and retail credit card repayments. It offers personalized budgeting, spend analytics, repayment simulations using artificial intelligence technology, debt payoff strategies, and credit education.
Top Competitors
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Freo (mwyn Tech)U72200KA2015PTC083534
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LendingkartU72900GJ2014PTC081539
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Pine LabsU67100DL1998PTC093878
CF
Capital FloatU65993KA1993PTC074590
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MobikwikU64201HR2008PLC053766
FREED Funding Details
Funding Highlights
Latest Funding RoundSeries A
Total Funding Raised₹83.76 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors2
Investors
- Sorin Investments, Sorin Investments
Funding Details
Funding History
Funding Per Year
FREED Financial Details
Financial Highlights
FY 2023-24 Revenue₹8.42 Cr
FY 2023-24 Expenses₹14.37 Cr
FY 2023-24 Profit/Loss-₹4.54 Cr
Net Cash Flow From Operations₹52.98 Lakh
Full Financial Details
Financial Comparison
Revenue Breakdown
Expense Breakdown
Shareholding Structure
Financial Ratio
FREED Key People
People Metrics
Current Core Team5
Board Members/Directors2
FREED Documents