Freo Pay

Bengaluru, India Founded: 2021 • Age: 5 yrs
Offers UPI payments, credit, insurance, and investment services via mobile app.
Annual revenue $12.0M Latest available
Total funding - Funding intelligence
Employees 162 Tracked headcount
Investors - Known backers
Products 4 Services tracked
Competitors 11 Brand Intelligence

About Freo Pay

Freo Pay is a company based in Bengaluru (India) founded in 2021. It operates as a B2C and D2C. The company has 162 employees as of March 31, 2023. Freo Pay offers products and services including UPI Service, Insurance Services, Digital Gold, and Credit Services. Freo Pay operates in a competitive market with competitors including Tabby, Affirm, Afterpay, Zip and Klarna, among others.

  • Headquarter Bengaluru, India
  • Employees 162 as on 31 Mar, 2023
  • Sectors
    Financial Services
  • Phone
    Locked
  • Website
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  • Social
    Locked
  • Legal Name Mwyn Tech Private Limited
  • Date of Incorporation 20 Oct, 2015
  • Jurisdiction Bangalore, Karnataka, India
Operational Areas
Financial Services → Banking & Financial Institutions Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $12 M (USD)
    5.91
    as on Mar 31, 2023
  • Net Profit
    -$4.8 M (USD)
    23.6
    as on Mar 31, 2023
  • EBITDA
    -$5.11 M (USD)
    15.91
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
    Not available
  • Employee Count
    162

    as on Mar 31, 2023

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Products & Services of Freo Pay

Freo Pay offers a comprehensive portfolio of products and services, including UPI Service, Insurance Services, Digital Gold, and Credit Services.

Product name locked
Category locked
Primary

App for instant and secure UPI transactions and transfers.

Product name locked
Category locked
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Provides various insurance options for users through the app.

Product name locked
Category locked
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Platform for buying and managing digital gold investments.

Product name locked
Category locked
Locked

Enables credit on UPI for deferred payment options.

Funding Insights of Freo Pay

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Detailed funding history for Freo Pay

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  • Funding amounts
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  • Valuation history

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Investments & Acquisitions by Freo Pay

Investments
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Investment portfolio details for Freo Pay

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  • Transaction dates
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Financial Statements - Freo Pay

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Detailed financials for Freo Pay

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  • Profit trends
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Freo Pay Comparisons

Freo Pay Primary company
Description
Offers UPI payments, credit, insurance, and investment servi...
Location
Bengaluru, India
Founded Year
2021
Annual Revenue
$12 M (USD)
Net Profit
-$4.8 M (USD)
EBITDA
-$5.11 M (USD)
Employees
162
As of 2023
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Peer comparison for Freo Pay

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Competitors of Freo Pay

Freo Pay 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 Tabby, Affirm, Afterpay, Zip and Klarna, among others.

Company Name Domain Founded year HQ Location Description
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Purchase financing solutions are offered to businesses via installment payments.
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Point-of-sale financing is facilitated via an online installment payment platform.
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A buy now pay later service is offered by Afterpay.
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Payment solutions are provided for deferred purchasing by Zip.
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Point-of-sale financing is facilitated through an online platform for purchases.
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Point-of-sale financing is provided for various consumer products via installments.
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Detailed competitors of Freo Pay

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Latest news on Freo Pay

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Complete news archive for Freo Pay

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Frequently Asked Questions about Freo Pay

Freo Pay was founded in 2021.

Freo Pay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

As of Mar 31, 2023, the latest employee count at Freo Pay is 162.

Annual revenue of Freo Pay is $12M as on Mar 31, 2023.

Freo UPI is a digital platform that enables instant and secure UPI transactions, including scan-and-pay features, 247 transfers, and credit options for payments. It also provides services like insurance, digital gold investments, and vehicle insurance through an easy-to-use app. Based in Bangalore, India, it serves individual users for everyday financial needs, emphasizing security and accessibility. The platform rewards frequent users with credit lines and benefits.

Freo Pay's top competitors include Tabby, Sunbit and Klarna.

Freo Pay offers UPI Service, Insurance Services, Digital Gold, and Credit Services.

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