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. 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
- Founders Stephen William John Woodford, Keith Morris
- SectorsFinancial Services
- Website ffrees.co.uk
- Social LinkedIn X
- Legal Name Ffrees Family Finance Limited
- Date of Incorporation 03 Feb, 2011
- Jurisdiction LONDON
- Annual Revenue$21.84 M (USD)28as on Dec 31, 2021
- Net Profit$3.7 M (USD)11as on Dec 31, 2021
- EBITDA$3.14 M (USD)26as on Dec 31, 2021
- Total Equity Funding$24.92M (USD)
in 8 rounds
- Latest Funding Round$4M (USD), Series A
Jan 2018
- InvestorsFinance Yorkshire
& 3 more
- Employee Count48
Products & Services of Ffrees
Ffrees offers a comprehensive portfolio of products and services, including Ffrees Card Programme.
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 $24.92M
- Total Rounds 8
- Last Round Series A — $4M
- First Round $552,900
(Jul 2012)
- Investors Count 4
All 8 funding rounds of Ffrees with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2018 | $4M | Series A | – | – | – |
| Jan 2017 | $3M | Series A | – | – | – |
| Jan 2016 | $3.3M | Series A | – | – | – |
| Aug 2015 | $5.6M | Series A | – | – | – |
| Sep 2014 | $3.2M | Series A | – | Finance Yorkshire | |
| Dec 2013 | $3.27M | Series A | – | – | |
| Mar 2013 | $2M | Seed | – | – | – |
| Jul 2012 | $552,900 | Seed | – | – | – |
4 investors in total: 2 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding is provided to support SME growth in Yorkshire. | – | finance-yorkshire.com | Barnsley, United Kingdom | |
Impact investments are made in mission-led technology ventures. | – | nestainvestments.org.uk | London, United Kingdom | |
JD Justin Dowley | - | – | unknown_30cc0fb7c53f492d8 | - |
KP Kevin Parry | - | – | unknown_9d5e2bc375cf45e18 | - |
Investor details for Ffrees
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Ffrees
3 people are tracked at Ffrees (3 in leadership); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
Stephen William John Woodford | Co-Founder | Leadership |
Keith Morris | Co-Founder | Leadership |
Alex Letts | CEO | Leadership |
Complete people profiles for Ffrees
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Ffrees
3 dated milestones of Ffrees across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Ffrees is founded.
- Funding First funding round of $553K.
- Funding Latest funding round, Series A, of $4.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stash.com | 2015 | New York, United States | $920.99M | – | Automated investment and robo-advisory services are offered to individuals. | |
| kroo.com | 2016 | London, United Kingdom | $88.9M | 30 | Provider of digital banking services for individuals | |
| algbra.com | 2017 | Manchester, United Kingdom | $5.29M | 4 | A digital banking platform is provided for individual users. | |
| fintech-farm.com | 2020 | London, United Kingdom | $61.4M | 3 | Digital banking services for individuals are offered. | |
| dozens.com | 2018 | London, United Kingdom | $33.88M | 37 | Provider of retail banking services | |
| getbabb.com | 2016 | London, United Kingdom | $1.78M | – | Online banking solutions for cryptocurrency transactions are provided. | |
| thinkmoney.co.uk | 2005 | Manchester, United Kingdom | – | 303 | Personal current accounts with prepaid debit cards are provided. |
Detailed competitors of Ffrees
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Ffrees
Websites that share an audience with Ffrees (ffrees.co.uk).
Websites whose visitors overlap most with Ffrees. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bankofamerica.com | 100% | 113.9M | #258 | View details | |
| investopedia.com | 96% | 15.5M | #4,310 | View details | |
bank.marksandspencer.com | bank.marksandspencer.com | 69% | – | – | – |
Latest news on Ffrees
Complete news archive for Ffrees
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ffrees
10 companies that operate in the same segment as Ffrees (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Ffrees
Ffrees was founded in 2012.
Ffrees is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
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 Seed of $552.9K, raised on Jul 2012.
Ffrees has 48 employees.
Annual revenue of Ffrees is $21.84M as on Dec 31, 2021.
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.
Ffrees offers Ffrees Card Programme.
Ffrees has 4 investors. Key investors include Finance Yorkshire, Nesta Impact Investments, Justin Dowley, and Kevin Parry.
Ffrees operates through Ffrees Family Finance Limited.