- Headquarters
- Bengaluru
- Employees
- 201–500
- Founded
- 2015
- Business Model
- B2C
- Website
- freo.money
- Total Funding
- $82.3M
- Last Round
- Series BFeb 2024
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Freo (formerly MoneyTap) is India's all-in-one digital money app offering UPI payments, credit lines, credit cards, insurance, investments, and digital gold to over 35 million users across 1,200+ cities. Founded in 2015 by Kunal Varma, Anuj Kacker, and Bala Parthasarathy, Freo is headquartered in Bangalore. The platform started as MoneyTap, India's first app-based credit line, before evolving into a comprehensive digital banking platform. Freo partners with banks and NBFCs to offer flexible consumer credit with zero collateral requirements, and provides UPI Lite for PIN-free small payments, micro-insurance products, and investment products including digital gold starting at Rs10. In May 2026, Freo acquired IndiaLends, a credit marketplace with 80+ bank tie-ups.
Summary
Freo is a Fintech company based in Bengaluru, India, founded in 2015. It has raised $82.3M in total across 3 rounds, most recently a Series B round in Feb 2024. Investors include SeaBright Capital, Aquiline Capital Partners and Sequoia Capital.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Feb 2024
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Funding: Series A through Series B. Amounts, valuations, and investors where available.
Investors
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