About Freemarket
Freemarket is a company based in London (United Kingdom) founded in 2010.. Freemarket has raised $4.01 million across 3 funding rounds from investors including Baird Capital and BHL Holdings. The company has 45 employees as of December 31, 2021. Freemarket offers products and services including Multi-currency Accounts, FX Solutions, and Global Payments. Freemarket operates in a competitive market with competitors including NIUM, Ingenico, Currencycloud, Bankable and Capi Money, among others.
- Headquarter London, United Kingdom
- Employees 45 as on 31 Dec, 2021
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Freemarketfx Limited
- Date of Incorporation 18 Jun, 2010
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$18.29 M (USD)-20as on Dec 31, 2023
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Net Profit
$-2.28 M (USD)-164as on Dec 31, 2023
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EBITDA
$-2.28 M (USD)-164as on Dec 31, 2023
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Total Equity Funding
$4.01 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Baird Capital
& 1 more
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Employee Count
45
as on Dec 31, 2021
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Products & Services of Freemarket
Freemarket offers a comprehensive portfolio of products and services, including Multi-currency Accounts, FX Solutions, and Global Payments. 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.
Accounts for receiving and paying in multiple currencies globally.
Tools for managing and monetizing foreign exchange transactions.
Platform for quick cross-border transfers in over 30 currencies.
Funding Insights of Freemarket
Freemarket has successfully raised a total of $4.01M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(01 Nov 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Freemarket | Valuation |
investors |
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| Apr, 2020 | Amount | Seed - Freemarket | Valuation | BHL Holdings |
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| Nov, 2014 | Amount | Seed - Freemarket | 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 Freemarket
Freemarket has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Baird Capital and BHL Holdings. 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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Global private equity and venture capital investments in B2B Tech & Services companies.
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Founded Year | Domain | Location | |
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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
|
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 Freemarket
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Freemarket
| 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 |
Freemarket Comparisons
Competitors of Freemarket
Freemarket 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 NIUM, Ingenico, Currencycloud, Bankable and Capi Money, 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 |
Cross-border money transfer solutions are provided for businesses globally.
|
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| domain | founded_year | HQ Location |
POS hardware and software solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| domain | founded_year | HQ Location |
White-label payment solutions for e-wallets and transfers are offered.
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| domain | founded_year | HQ Location |
Cross-border remittance and currency exchange solution for businesses
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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 Freemarket
Frequently Asked Questions about Freemarket
When was Freemarket founded?
Freemarket was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Freemarket located?
Freemarket is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Freemarket a funded company?
Freemarket is a funded company, having raised a total of $4.01M across 3 funding rounds to date. The company's 1st funding round was a Seed of $919.35K, raised on Nov 01, 2014.
How many employees does Freemarket have?
As of Dec 31, 2021, the latest employee count at Freemarket is 45.
What is the annual revenue of Freemarket?
Annual revenue of Freemarket is $18.29M as on Dec 31, 2023.
What does Freemarket do?
Freemarket was founded in 2010 and is headquartered in London, United Kingdom. An online platform is operated by the company for foreign currency exchange and remittance services within the fintech sector. API-based solutions are provided for cross-border payments, payment reconciliation, and currency exchange. Operations focus on facilitating international transactions for users globally.
Who are the top competitors of Freemarket?
Freemarket's top competitors include NIUM, Ingenico and Currencycloud.
What products or services does Freemarket offer?
Freemarket offers Multi-currency Accounts, FX Solutions, and Global Payments.
Who are Freemarket's investors?
Freemarket has 2 investors. Key investors include Baird Capital, and BHL Holdings.
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