Frec Markets, Inc.
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Frec Markets, Inc. - overview
Established
2021
Location
Orinda, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2021 by CEO Mo Al Adham, Frec Market, Inc. , a. k. a.
Frec operates as a fintech company that intends to provide a financial service through its Frec Direct Indexing, which enables users to build their very own personalized wallets of individual stocks that follow the trends of S&P indices, including the S&P 500 or S&P Infotech. In October 2023, Frec Markets, Inc. raised USD 26. 4 million in a Series A funding led by Greylock with participation from Social Leverage.
The company provides a suite of automated self-service products that allows users to simplify their investment products traditionally only available via wealth managers, including direct indexing, portfolio lines of credit, and high-yield treasury. Frec Market, Inc. also offers Frec Direct Indexing, a direct-to-consumer product that allows users to track S&P indices. In addition, the firm also enables users to borrow against their portfolio with lines of credit.
The company generates revenue from charging 0. 10% as an annual fee.
Current Investors
Greylock Partners, Social Leverage Capital
Primary Industry
Software
Sub Industries
e-Financial, Analytics & Performance Software, Accounting/Finance Software
Website
www.frec.com
Verticals
Cloud Computing, FinTech
Company Stage
Series A
Total Amount Raised
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