In its Series A round-headed by Sorin Investments and Multiply Ventures, with partnership from Piper Serica and other corporate funds, fintech platform FREED has secured Rs 60 crore ($7.5 million).
With this most recent investment, FREED intends to continue leading the way in debt reduction innovations while also quickening its rate of growth and impact.
Read also – [Funding alert] Fintech Platform TapFin Secures USD 4 Mn Seed Funding From Elevar Equity
It has enrolled over 1000 Cr+ in debt on its platform and counseled over 200,000 customers since its inception in August 2020.
The goal of FREED is to assist those who are in debt. It offers consumers who are in debt and want to become debt free a customized debt relief solution. The only advisor for this fundraising round was Maple Capital Advisors.
About FREED
Ritesh Srivastava founded FREED in August 2020 to help people efficiently navigate their debt difficulties.
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