Frich Co.,Ltd.

Frich Co. ,Ltd. is a Tokyo-based financial service provider specializing in customized insurance solutions and digital transformation for underserved markets, addressing the evolving demands of modern lifestyles and community needs. Founded in 2018 in Tokyo, Japan, Frich Co.

,Ltd. focuses on offering personalized financial services, specifically tailored insurance products for individuals and organizations. The company has raised JPY 170 million during its Series A funding round on September 8, 2022, with W inc. leading the investment, alongside BIG Impact, Inclusion Japan, SMBC Venture Capital, and hope for.

Frich has executed 4 deals to date, with a current valuation of JPY 1,435. 435 million. Frich provides a unique financial service platform that focuses on creating personalized safety nets for individuals and groups that are often underserved by traditional insurance and public assistance models. Their core offerings include customized insurance products and digital transformation solutions for mutual aid organizations, designed to address the evolving needs of a diverse clientele.

The services aim to meet the demands of various market segments by offering tailored coverage that considers the intricacies of modern lifestyles, work, and hobbies. Released in phases, the services have been integrated into various applications, including collaborations with mutual aid programs such as the 'Oyako Support' initiative. Frich's revenue model is structured around partnerships and subscription-based services, focusing on both B2B and direct-to-consumer transactions. The company collaborates with organizations like the T&D Insurance Group to offer new services, indicative of a strategic alignment with established entities in the insurance sector.

Clients engage in transactions by subscribing to customized insurance products designed to meet their specific needs, which can encompass anything from personal coverage to organizational safety nets. The pricing structure for these services includes various plans tailored to the individual requirements of users, though specific pricing details are not disclosed. Following the successful Series A funding round in September 2022, Frich Inc. plans to use the JPY 170 million raised to enhance its product offerings and expand its services.

The company aims to introduce new insurance products specifically designed for underserved markets in Japan within the next year. Additionally, Frich is targeting expansion into other regions in Asia to tap into emerging markets by 2024. The funds will also support the development of strategic partnerships and marketing efforts to increase brand awareness and customer engagement.