About Frec
Frec is a company based in San Francisco (United States) founded in 2021 by Mo Al Adham.. Frec has raised $26.4 million across 1 funding round from investors including Social Leverage and Greylock Partners. The company has 16 employees as of December 31, 2024. Frec offers products and services including Direct Indexing Platform and Tax Loss Harvesting Tool. Frec operates in a competitive market with competitors including Taxfyle, Tidal Financial Group, TurboAppeal, YieldX and SPAN Enterprises, among others.
- Headquarter San Francisco, United States
- Employees 16 as on 31 Dec, 2024
- Founders Mo Al Adham
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Frec Markets, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.4 M (USD)
in 1 rounds
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Latest Funding Round
$26.4 M (USD), Series A
Oct 03, 2023
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Investors
Social Leverage
& 1 more
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Employee Count
16
as on Dec 31, 2024
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Products & Services of Frec
Frec offers a comprehensive portfolio of products and services, including Direct Indexing Platform and Tax Loss Harvesting Tool. 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.
Platform for passive index investing with tax savings
Automated tool to capture tax losses in investments
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Funding Insights of Frec
Frec has successfully raised a total of $26.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $26.4 million completed in October 2023. 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 1
- Last Round Series A — $26.4M
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First Round
First Round
(03 Oct 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Frec | Valuation | Greylock |
| 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 Frec
Frec has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Social Leverage and Greylock Partners. 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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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors
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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 Frec
| 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 - Frec
| 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 |
Frec Comparisons
Competitors of Frec
Frec 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 Taxfyle, Tidal Financial Group, TurboAppeal, YieldX and SPAN Enterprises, 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 |
Online tax filing services are offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Tidal Financial Group is recognized for ETF platform services.
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| domain | founded_year | HQ Location |
Oline platform for preparing and filing residential property tax appeals.
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| domain | founded_year | HQ Location |
Portfolio management solutions are offered for fixed income wealth managers.
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| domain | founded_year | HQ Location |
Develops and supports IRS e-filing and business management software products.
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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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Frequently Asked Questions about Frec
When was Frec founded?
Frec was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Frec located?
Frec is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Frec?
Mo Al Adham is the current CEO of Frec. They have also founded this company.
Is Frec a funded company?
Frec is a funded company, having raised a total of $26.4M across 1 funding round to date. The company's 1st funding round was a Series A of $26.4M, raised on Oct 03, 2023.
How many employees does Frec have?
As of Dec 31, 2024, the latest employee count at Frec is 16.
What does Frec do?
Frec was established in 2021 in San Francisco, United States, by Mo Al Adham, who serves as founder and CEO. Margin lending services are offered within the fintech sector, focusing on credit extensions for investment purposes. Operations are centered in the U.S., supporting users with borrowing options tied to securities. The company maintains a base in the financial services landscape, emphasizing structured lending practices.
Who are the top competitors of Frec?
Frec's top competitors include Taxfyle, Tidal Financial Group and YieldX.
What products or services does Frec offer?
Frec offers Direct Indexing Platform and Tax Loss Harvesting Tool.
Who are Frec's investors?
Frec has 2 investors. Key investors include Social Leverage, and Greylock Partners.
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