About Freemarket
Freemarket is a Financial Services company based in London (United Kingdom) founded in 2010. Foreign currency exchange services. Freemarket has raised $4.01 million across 3 funding rounds from investors including Baird Capital and BHL Holdings. The company has 45 employees. Its website wearefreemarket.com draws about 11 thousand monthly visits. Freemarket offers products and services including Multi-currency Accounts, FX Solutions, and Global Payments. Its focus areas include FinTech, Digital Remittance, Enablers and Software for Enterprises. Its legal entity is FREEMARKETFX LIMITED. Its competitors include Currencycloud, Bankable and Capi Money; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 45
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website wearefreemarket.com
- Legal Name Freemarketfx Limited
- Date of Incorporation 18 Jun, 2010
- Jurisdiction LONDON, UNITED KINGDOM
- Annual Revenue$18.29 M (USD)-20as on Dec 31, 2023
- Net Profit-$2.28 M (USD)-164as on Dec 31, 2023
- EBITDA-$2.28 M (USD)-164as on Dec 31, 2023
- Total Equity Funding$4.01M (USD)
in 3 rounds
- InvestorsBaird Capital
& 1 more
- Employee Count45
Products & Services of Freemarket
Freemarket offers a comprehensive portfolio of products and services, including Multi-currency Accounts, FX Solutions, and Global Payments.
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 $4.01M
- Total Rounds 3
- First Round $919,350
(Nov 2014)
- Investors Count 2
All 3 funding rounds of Freemarket 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 |
|---|---|---|---|---|---|
| May 2023 | Seed | – | – | ||
| Apr 2020 | $3.09M | Seed | – | BHL Holdings | – |
| Nov 2014 | $919,350 | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global private equity and venture capital investments in B2B Tech & Services companies. | bairdcapital.com | |||
Investor details for Freemarket
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.
Timeline of Freemarket
3 dated milestones of Freemarket across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Freemarket is founded.
- Funding First funding round of $919K.
- Funding Latest funding round, Seed,.
Competitors of Freemarket
Freemarket has 3 listed competitors in our database, 3 of them funded. They include Currencycloud, Bankable and Capi Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| currencycloud.com | 2007 | London, United Kingdom | $186.88M | 97 | Cloud-based payment solutions are provided for cross-border transactions. | |
| bnkbl.com | 2010 | London, United Kingdom | $11.98M | 6 | White-label payment solutions for e-wallets and transfers are offered. | |
| capimoney.com | 2023 | London, United Kingdom | $20.05M | Cross-border remittance and currency exchange solution for businesses |
Detailed competitors of Freemarket
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Freemarket
The website of Freemarket (wearefreemarket.com) receives about 10.9K visits a month.
- Monthly visits10.9K
▲ 2.5% vs previous month
Top companies in Forex Tech
3 companies that operate in the same segment as Freemarket (Forex Tech) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 396.83 M | USD 2.71 B | 11,760 | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | USD 809.63 M | 633 | ||
Multi-currency accounts and investment services are provided for global users. | 2022 | London, England, United Kingdom | USD 22.16 M | 4 |
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Related news about Freemarket
Complete news archive for Freemarket
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Frequently Asked Questions about Freemarket
Freemarket was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Freemarket is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
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 2014.
Freemarket has 45 employees.
Annual revenue of Freemarket is $18.29M as on Dec 31, 2023.
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.
Freemarket's top competitors include Currencycloud, Capi Money and Bankable.
Freemarket offers Multi-currency Accounts, FX Solutions, and Global Payments.
Freemarket has 2 investors. Key investors include Baird Capital, and BHL Holdings.
Freemarket operates through Freemarketfx Limited.