# Frec Markets

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frec-markets

- Industry: Software
- Headquarters: Orinda, US
- Website: www.frec.com
- Total disclosed funding: $26M
- Latest round: Series A (Oct 3, 2023)
- Investors on record: 2

## About

Based in California, US, and founded in 2021 by CEO Mo Al Adham, Frec Market, Inc., a.k.a. Frec operates as a fintech company that intends to provide a financial service through its Frec Direct Indexing, which enables users to build their very own personalized wallets of individual stocks that follow the trends of S&P indices, including the S&P 500 or S&P Infotech. In October 2023, Frec Markets, Inc. raised USD 26.4 million in a Series A funding led by Greylock with participation from Social Leverage.

The company provides a suite of automated self-service products that allows users to simplify their investment products traditionally only available via wealth managers, including direct indexing, portfolio lines of credit, and high-yield treasury. Frec Market, Inc. also offers Frec Direct Indexing, a direct-to-consumer product that allows users to track S&P indices. In addition, the firm also enables users to borrow against their portfolio with lines of credit.

The company generates revenue from charging 0.10% as an annual fee.

## Funding rounds

- Series A, Oct 3, 2023, $26M — Greylock Partners, Social Leverage Capital

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- Social Leverage Capital (https://capitalatlas.ai/funds/social-leverage-capital) — Series A