About Frich
Frich is a company based in New York (United States) founded in 2020. It operates as a Freemium. Frich has raised $2.8 million across 2 funding rounds from investors including Restive, K20 Fund and TruStage. Frich offers products and services including Frich App. Frich operates in a competitive market with competitors including Clara, Expensify, Clarity Money, Sift wallet and Quicken, among others.
- Headquarter New York, United States
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.8 M (USD)
in 2 rounds
-
Latest Funding Round
$2.8 M (USD), Seed
May 30, 2024
-
Investors
Restive
& 4 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Frich
Frich offers a comprehensive portfolio of products and services, including Frich App. 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.
Financial insights are provided through community-driven money data.
Unlock access to complete
Unlock access to complete
Funding Insights of Frich
Frich has successfully raised a total of $2.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.8 million completed in May 2024. 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 2
- Last Round Seed — $2.8M
-
First Round
First Round
(19 Jul 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - Frich | Valuation | Restive | |
| Jul, 2021 | Amount | Grant - Frich | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Frich
Frich has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Restive, K20 Fund and TruStage. 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 |
|---|---|---|---|---|
|
Venture capital is provided by Restive to early-stage fintech startups.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in multiple sectors
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Frich
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Frich
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Frich Comparisons
Competitors of Frich
Frich 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 Clara, Expensify, Clarity Money, Sift wallet and Quicken, 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 |
Meetings are scheduled using AI by adding Clara to emails.
|
|
| domain | founded_year | HQ Location |
Cloud-based expense management solutions are offered for business travelers.
|
|
| domain | founded_year | HQ Location |
Insights into personal finances are delivered via a mobile platform.
|
|
| domain | founded_year | HQ Location |
Credit card benefits tracker
|
|
| domain | founded_year | HQ Location |
Online finance and expense management is facilitated by software.
|
|
| domain | founded_year | HQ Location |
Investment management and financial services are provided by Copilot.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Frich
Frequently Asked Questions about Frich
When was Frich founded?
Frich was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Frich located?
Frich is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Frich a funded company?
Frich is a funded company, having raised a total of $2.8M across 2 funding rounds to date. The company's 1st funding round was a Grant of $10K, raised on Jul 19, 2021.
What does Frich do?
Financial knowledge is shared by Frich through a mobile application that connects over 1 million users. Money-related topics are explored from various angles including relationships, debt, salary negotiation, education, and investing. Real answers and recommendations are provided to help users achieve their financial goals. The platform focuses on personal finance sectors, ensuring that no money topic is considered off-limits.
Who are the top competitors of Frich?
Frich's top competitors include Expensify, Quicken and Sift wallet.
What products or services does Frich offer?
Frich offers Frich App.
Who are Frich's investors?
Frich has 5 investors. Key investors include Restive, K20 Fund, TruStage, Spartan Innovations, and NYU Entrepreneurial Institute.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.