About Ffrees
Ffrees is a company based in Sheffield (United Kingdom) founded in 2012 by Stephen William John Woodford and Keith Morris.. Ffrees has raised $24.92 million across 8 funding rounds from investors including Finance Yorkshire, Nesta Impact Investments and Justin Dowley. The company has 48 employees as of December 31, 2017. Ffrees offers products and services including Ffrees Card Programme. Ffrees operates in a competitive market with competitors including Stash, Kroo, Algbra, Fintech Farm and Dozens, among others.
- Headquarter Sheffield, United Kingdom
- Employees 48 as on 31 Dec, 2017
- Founders Stephen William John Woodford, Keith Morris
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ffrees Family Finance Limited
- Date of Incorporation 03 Feb, 2011
- Jurisdiction LONDON
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Annual Revenue
$21.84 M (USD)28as on Dec 31, 2021
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Net Profit
$3.7 M (USD)11as on Dec 31, 2021
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EBITDA
$3.14 M (USD)26as on Dec 31, 2021
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Total Equity Funding
$24.92 M (USD)
in 8 rounds
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Latest Funding Round
$4 M (USD), Series A
Jan 26, 2018
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Investors
Finance Yorkshire
& 3 more
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Employee Count
48
as on Dec 31, 2017
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Products & Services of Ffrees
Ffrees offers a comprehensive portfolio of products and services, including Ffrees Card Programme. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for card-based banking and account management.
Funding Insights of Ffrees
Ffrees has successfully raised a total of $24.92M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $4.0M
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First Round
First Round
(16 Jul 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Series A - Ffrees | Valuation |
investors |
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| Jan, 2017 | Amount | Series A - Ffrees | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - Ffrees | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ffrees
Ffrees has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Finance Yorkshire, Nesta Impact Investments and Justin Dowley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Funding is provided to support SME growth in Yorkshire.
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Founded Year | Domain | Location | |
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Impact investments are made in mission-led technology ventures.
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Founded Year | Domain | Location | |
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JD
Justin Dowley |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ffrees
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ffrees
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ffrees Comparisons
Competitors of Ffrees
Ffrees operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stash, Kroo, Algbra, Fintech Farm and Dozens, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Provider of digital banking services for individuals
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| domain | founded_year | HQ Location |
A digital banking platform is provided for individual users.
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered.
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| domain | founded_year | HQ Location |
Provider of retail banking services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ffrees
Frequently Asked Questions about Ffrees
When was Ffrees founded?
Ffrees was founded in 2012.
Where is Ffrees located?
Ffrees is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
Is Ffrees a funded company?
Ffrees is a funded company, having raised a total of $24.92M across 8 funding rounds to date. The company's 1st funding round was a Series A of $3.3M, raised on Jul 16, 2012.
How many employees does Ffrees have?
As of Dec 31, 2017, the latest employee count at Ffrees is 48.
What is the annual revenue of Ffrees?
Annual revenue of Ffrees is $21.84M as on Dec 31, 2021.
What does Ffrees do?
Ffrees was founded in 2012 in Sheffield, United Kingdom, as a digital bank targeting individuals. Current accounts are offered without requiring a traditional bank account, alongside an application for money management and an associated debit card. Operations are authorized and regulated by the Financial Conduct Authority as a credit broker, with accounts and cards issued by Contis Financial Services Ltd. Services focus on accessible banking in the fintech sector.
What products or services does Ffrees offer?
Ffrees offers Ffrees Card Programme.
Who are Ffrees's investors?
Ffrees has 4 investors. Key investors include Finance Yorkshire, Nesta Impact Investments, Justin Dowley, and Kevin Parry.
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