Ffrees offers a free current account aimed at families, available regardless of social or financial status, that builds savings by rewarding customers for using its network of over 1,000 retail and financial services providers. The product includes the Ffrees Money Manager, which lets customers create separate “Envelopes” to control the family budget and set money aside for regular bills. The company is led by founder and CEO Alex Letts and is based in Sheffield, UK. Ffrees intends to use the newly raised funds to further develop its solutions. Operating traction cited in the article includes receiving over 100 new account applications per day. No revenue figures or other financial metrics were disclosed in the article.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2013