About Frec
Frec is a Technology company based in San Francisco (United States) founded in 2021 by Mo Al Adham. Margin lending services are provided by Frec to financial clients. Frec has raised $26.4 million across 1 funding round from investors including Social Leverage and Greylock Partners. The company has 16 employees. Its chief executive, as recorded, is Mo Al Adham. Its website frec.com draws about 63 thousand monthly visits. Frec offers products and services including Direct Indexing Platform and Tax Loss Harvesting Tool. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Portfolio Management. Its legal entity is FREC MARKETS, INC. Its competitors include Taxfyle, Tidal Financial Group and TurboAppeal; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$26.4M (USD)
in 1 rounds
- Latest Funding Round$26.4M (USD), Series A
Oct 2023
- InvestorsSocial Leverage
& 1 more
- Employee Count16
Products & Services of Frec
Frec offers a comprehensive portfolio of products and services, including Direct Indexing Platform and Tax Loss Harvesting Tool.
Platform for passive index investing with tax savings
Automated tool to capture tax losses in investments
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 $26.4M
- Total Rounds 1
- Last Round Series A — $26.4M
- First Round $26.4M
(Oct 2023)
- Investors Count 2
All 1 funding rounds of Frec 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 |
|---|---|---|---|---|---|
| Oct 2023 | $26.4M | Series A | – | Greylock |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors | 2009 | socialleverage.com | Scottsdale, United States |
Investor details for Frec
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People of Frec
8 people are tracked at Frec (3 in leadership, 5 in team); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
Mo Al Adham | Founder & CEO | Leadership |
Sandeep Sripada | Chief Technology Officer | Leadership |
Dimitri Rodrigo | Head Of Brokerage Operations | Leadership |
Hansen Wang | Software Engineer | Team |
Bhavdeep Sethi | Founding Engineer | Team |
Grace N. | Founding Designer | Team |
Kevin Lu | Software Engineer | Team |
Scott Kennedy | Software Engineer | Team |
Complete people profiles for Frec
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Frec
2 dated milestones of Frec across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Frec is founded.
- Funding First funding round of $26.4M.
Competitors of Frec
Frec has 3 listed competitors in our database, 3 of them funded. They include Taxfyle, Tidal Financial Group and TurboAppeal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| taxfyle.com | 2015 | Miami, United States | $34.2M | Online tax filing services are offered for individuals and businesses. | ||
| tidalfinancialgroup.com | 2012 | New York, United States | $32M | Tidal Financial Group is recognized for ETF platform services. | ||
| turboappeal.com | 2014 | Chicago, United States | $8.5M | 18 | Oline platform for preparing and filing residential property tax appeals. |
Detailed competitors of Frec
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Frec
The website of Frec (frec.com) receives about 62.8K visits a month.
- Monthly visits62.8K
▲ 3.1% vs previous month
Websites whose visitors overlap most with Frec. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
care.ideacellular.com | care.ideacellular.com | 100% | – | ||
| fidelity.com | 64% | 129.5M | #275 | View details | |
hustlermoneyblog.com | hustlermoneyblog.com | 53% | #805,573 | – | |
| russellinvestments.com | 53% | 92.2K | #397,882 | View details | |
chatgpt.com | chatgpt.com | 26% | #6 | – |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Frec (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Frec
Complete news archive for Frec
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Frequently Asked Questions about Frec
Frec was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Frec is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Mo Al Adham is the CEO of Frec, as recorded in our data. They have also founded this 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 2023.
Frec has 16 employees.
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.
Frec's top competitors include Taxfyle, Tidal Financial Group and TurboAppeal.
Frec offers Direct Indexing Platform and Tax Loss Harvesting Tool.
Frec has 2 investors. Key investors include Social Leverage, and Greylock Partners.
Frec operates through Frec Markets, Inc..