Freo

Freo is a first of its kind full-stack Neobank in India that is designed to serve the banking needs of millennials in India. Through this credit-led Neobank, consumers have access to financial products such as a credit line, credit cards, EMI cards, deposits & savings, pay later, and other financial utilities, in order to help them borrow flexibly, save easily, and spend smartly. Freo’s parent company started its operations in India with the launch of MoneyTap in late 2016. Its goal was to make credit flexible, convenient, and affordable, all through an intuitive, category-creating product. Since its launch, MoneyTap, in partnership with established banks and NBFCs, has scaled to become one of India's largest and most successful consumer Fintech companies. Through MoneyTap, Freo has attracted over 15M users to its ecosystem and along with issuing 180,000 credit cards (in partnership with RBL Bank).