Founded in 2020, FREED operates an online platform that counsels consumers and negotiates with creditors to settle unsecured debt. The company has assisted more than 2 million (20 lakh) customers, maintains over 120,000 active accounts, and currently manages in excess of INR 3,200 crore in outstanding debt. Its technology stack supports personalized repayment plans, underwriting, and creditor negotiations, aiming to create transparent paths to financial rehabilitation. With consumer credit penetration rising across India, FREED plans to widen its geographic reach, deepen institutional partnerships, and enhance its product and underwriting capabilities. The firm positions itself as a critical player in India’s evolving financial-health ecosystem, focusing on innovation and compliance to scale responsibly.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2026