Freo
7 known investors
Freo is an Indian digital banking platform offering credit lines, UPI payments, savings products, insurance and credit scores.
Also known as MoneyTap · MWYN Tech Private Limited
Founders & leadership
Investors · 7
Also in the syndicate · 1
Funding
SEC filings, press & company announcements- Undisclosed amountdebt fundingFeb 2024
Sidbi
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Freo, operated by MWYN Tech Private Limited, is an India-based consumer digital banking and personal finance platform. It brings together everyday payments through UPI, savings and investment products such as fixed deposits and digital gold, credit products including personal credit lines delivered through MoneyTap and buy-now-pay-later offerings, insurance (including vehicle insurance), and free credit score tracking within a single mobile application. The company also publishes consumer tools such as fixed deposit, recurring deposit, personal loan EMI and car loan EMI calculators.
Freo was founded in 2015 and works through a network of sourcing, agency and lending partners rather than holding the full product stack itself. Its consumer credit line proposition is marketed as approval of up to Rs. 5 lakhs in about four minutes. In May 2026 Freo acquired a 100% stake in digital credit marketplace IndiaLends, which continues to operate as a separate entity, extending Freo's lending distribution and AI capabilities.
Business model
Freo distributes credit, savings, insurance and payments products to retail consumers through its app, working with partner banks and NBFCs as well as sourcing and agency partners; its MoneyTap credit line, BNPL, digital gold, fixed deposits and insurance form the core product set.
Revenue is generated from consumer lending and credit line products and from distribution of third-party financial products including insurance, deposits and digital gold via partner banks and NBFCs.
Traction
Revenue reported at ₹116.8 crore in FY25, up from ₹78.6 crore in FY21, with losses narrowed to ₹8.8 crore from ₹38.8 crore over the same period (Tracxn data cited in press reporting). Following the IndiaLends acquisition the company says it can serve over 50 million users.
Latest developments
In May 2026 Freo announced the acquisition of a 100% stake in credit marketplace IndiaLends, founded in 2015 by Gaurav Chopra and Mayank Kacchwaa; IndiaLends will continue operating as a separate entity. The deal value was not disclosed. Freo cofounder Anuj Kacker noted the two companies had already worked together for two to three years, with Freo listed as a lending partner on the IndiaLends platform.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Freo positions itself as a consolidator in India's maturing digital financial services market, with management arguing that winning platforms will combine licences, distribution, profitable discipline and AI; post-acquisition it reports access to over 50 million users.
Technology
The platform is delivered as a consumer mobile app and web experience covering UPI payments, credit, savings and insurance journeys; management has stated an intent to embed AI across its stack, citing AI capabilities as a rationale for the IndiaLends acquisition.
Go-to-market
Direct-to-consumer acquisition through the Freo mobile app, supported by sourcing partners, agency partners and lending partnerships; the IndiaLends acquisition adds a credit marketplace distribution channel with partnerships across more than 85 banks and NBFCs.
Retail consumers in India seeking personal credit lines, buy-now-pay-later, everyday UPI payments, savings and investment products such as fixed deposits and digital gold, insurance, and credit score monitoring.
Geography
India, with corporate offices at Sigma Soft Tech Park, Whitefield, Bangalore.
History
Freo, run by MWYN Tech Private Limited (CIN U72200KA2015PTC083534), was founded in 2015 and is known for its MoneyTap credit line product. In May 2026 it acquired credit marketplace IndiaLends, a company also founded in 2015, in an undisclosed all-stake transaction.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsFreo acquired a 100% stake in digital credit marketplace IndiaLends, which will continue to operate as a separate entity under the platform. The acquisition amount was not disclosed. IndiaLends, founded in 2015 by Gaurav Chopra and Mayank Kacchwaa, has lending partnerships with more than 85 banks and NBFCs. Freo said the deal expands its lending, distribution and AI capabilities and gives it access to over 50 million users.
Freo raised an undisclosed amount of debt from the Small Industries Development Bank of India (SIDBI) in 2024.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- About Freofreo.money · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Freo do?
- Freo is an Indian digital banking platform offering credit lines, UPI payments, savings products, insurance and credit scores.
- Who founded Freo?
- Freo was founded by Anuj Kacker.
- Who are Freo's investors?
- Freo's investors include Aurum Venture Partners, Hyderabad Angels, Pegasus India Evolving Opportunities Fund, RTP Global, 8i Ventures, Prime Venture Partners.