Freemarket

London, United Kingdom Founded: 2010 • Age: 16 yrs
Foreign currency exchange services
Annual revenue $18.3M Latest available
Total funding $4.0M 3 rounds
Employees 45 Tracked headcount
Investors 2 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
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  • Website
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  • Legal Name Freemarketfx Limited
  • Date of Incorporation 18 Jun, 2010
  • Jurisdiction LONDON, UNITED KINGDOM
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $18.29 M (USD)
    -20
    as on Dec 31, 2023
  • Net Profit
    -$2.28 M (USD)
    -164
    as on Dec 31, 2023
  • EBITDA
    -$2.28 M (USD)
    -164
    as on Dec 31, 2023
  • Total Equity Funding
    $4.01 M (USD)

    in 3 rounds

  • Latest Funding Round
    Not available
  • Investors
  • 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.

Product name locked
Category locked
Primary

Accounts for receiving and paying in multiple currencies globally.

Product name locked
Category locked
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Tools for managing and monetizing foreign exchange transactions.

Product name locked
Category locked
Locked

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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Global private equity and venture capital investments in B2B Tech & Services companies.
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-
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Investor details for Freemarket

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Investments & Acquisitions by Freemarket

Investments
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Investment portfolio details for Freemarket

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Financial Statements - Freemarket

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Detailed financials for Freemarket

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Freemarket Comparisons

Freemarket Primary company
Description
Foreign currency exchange services
Location
London, United Kingdom
Founded Year
2010
Annual Revenue
$18.29 M (USD)
Net Profit
-$2.28 M (USD)
EBITDA
-$2.28 M (USD)
Employees
45
As of 2021
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Peer comparison for Freemarket

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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.

Company Name Domain Founded year HQ Location Description
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Cross-border money transfer solutions are provided for businesses globally.
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POS hardware and software solutions are provided to businesses.
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Cloud-based payment solutions are provided for cross-border transactions.
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White-label payment solutions for e-wallets and transfers are offered.
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Cross-border remittance and currency exchange solution for businesses
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Detailed competitors of Freemarket

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Latest news on Freemarket

Freemarket partners with tell.money
Thepaypers1 year ago
Freemarket Approved by Cent
Crowdfundinsider2 years ago
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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.

As of Dec 31, 2021, the latest employee count at Freemarket is 45.

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 NIUM, Ingenico and Currencycloud.

Freemarket offers Multi-currency Accounts, FX Solutions, and Global Payments.

Freemarket has 2 investors. Key investors include Baird Capital, and BHL Holdings.

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