FREED
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FREED - overview
Established
2020
Location
Gurugram, -, India
Primary Industry
Financial Services
About
Based in Gurugram, India, and founded in 2020 by CEO Ritesh Srivastava, Freed India Private Limited, d. b. a. FREED operates as a debt relief platform that brings borrowers seeking debt resolution and lenders on a neutral platform to make individuals debt-free through a debt settlement program.
In February 2026, FREED raised INR 600 million in series A from Aavishkaar Capital, Sorin Investments, Piper Serica, and Sattva Ventures. The company provides Freed, a consumer debt relief platform that enables a debt settlement program for people with high levels of unsecured debt, who are struggling with financial hardship due to a job loss, pay cuts, medical emergencies, and more. The platform also provides personalized budgeting, spend analytics, debt payoff strategies, credit education, and repayment simulations using artificial intelligence technology. The company will use the February 2026 funding to scale operations, expand into new regions, strengthen its product and underwriting systems, and build deeper partnerships with financial institutions.
Current Investors
Inflection Point Ventures, Kalpathi Investments, Hyderabad Angels
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services
Website
www.freed.care
Verticals
Artificial Intelligence, FinTech, Mobile Apps
Company Stage
Series A
Total Amount Raised
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