Ffrees is a UK-based startup founded in 2011 and has been serving over 50,000 multi-award winning prepaid accounts through www.ffrees.co.uk. In October 2016, the company introduced a new account called U Account (www.Uaccount.Uk), offering a range of features including contactless card, direct debits, a digital Money Manager, and the option to add Extra Accounts. With a focus on empowering users with effective budgeting tools and transparency, U Account aims to provide a genuine alternative to traditional banks, positioning itself as the UK’s first 'unbank'.
The latest investment round for Ffrees was a £120.50K Venture Round investment on 01 March 2016. The investors in this round included Nesta Ventures and Finance Yorkshire. Operating in the Finance, Financial Services, and Banking industries, Ffrees continues to innovate in the realm of personal finance, catering to the evolving needs of consumers seeking non-traditional banking solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | £120.50K | 2 |
|
01 Mar 2016 |
| Venture Round | £285.00K | 2 |
|
01 Apr 2015 |
| Venture Round | $3.20M | 2 |
|
24 Oct 2014 |
| Venture Round | $1.50M | 3 | Stephen Woodford, Alex Letts +1 | 01 Jan 2014 |
| Venture Round | £2.00M | 1 | Kevin Parry | 09 Dec 2013 |
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