Company Information

Get to know Freo

Freo, which evolved from the credit line app MoneyTap, is a consumer-focused fintech company positioning itself as India's first credit-led neobank. Its mission is to provide accessible and convenient digital banking and credit solutions to the Indian populace. The company offers a range of services through its mobile application, including a personal credit line (MoneyTap), a 'buy now, pay later' feature (Freo Pay), a digital savings account (Freo Save) in partnership with a licensed bank, and bill payment functionalities. By integrating various financial services into a single platform, Freo aims to serve as a comprehensive digital financial hub for its users.

Industry

Financial BankingPRIMARY
Financial Other Service

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Freo

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.