# Freede Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freede-solutions

- Industry: Software
- Headquarters: Granite Shoals, US
- Website: www.freede.co
- Total disclosed funding: $1.6M
- Latest round: Seed (Jan 15, 2021)
- Investors on record: 2

## About

Freede Solutions Inc. provides advanced technological solutions tailored for the credit and collection industry, focusing on AI-driven communication tools that enhance consumer engagement and improve operational efficiency.Founded in 2019 in Granite Shoals, US, Freede Solutions Inc. specializes in innovative solutions for the credit and collection sector. The company raised USD 1.63 mn in Seed funding on January 15, 2021, led by Lightbank and participated by Knoll Ventures.Freede specializes in providing advanced technological solutions for the credit and collection industry, primarily through its core offerings of communication tools that utilize artificial intelligence and personal analytics. These products enhance consumer engagement, improve collection results, mitigate risk, and reduce operating expenses for agencies and institutions. Freede’s platform includes desktop and mobile optimized channels such as chat, text, and voice assistants, facilitating 24/7 access to machine learning technologies that empower consumers to manage their debt obligations confidently. The company's client base consists of creditors and collection agencies across the United States, focused on addressing the challenges of debt resolution while ensuring compliance with all relevant federal, state, and local regulations. Freede's services are tailored to enhance the financial health and well-being of consumers, thereby improving recovery rates for its clients in various geographical markets.Freede's revenue model is founded on partnerships with creditors and collection agencies, leveraging a subscription-based structure for access to its suite of products and services. These offerings include advanced generative AI tools for communication and powerful analytics, which facilitate effective interactions between clients and consumers. Revenue is generated through these subscription fees as well as potential transaction fees linked to successful debt recovery efforts. The pricing structure is built around the comprehensive features included in the platform, allowing clients to choose packages that best suit their operational needs. Each service provided aims to enhance compliance and security while optimizing the revenue cycle, solidifying Freede’s position as a valuable partner in the credit and collection landscape.Freede Solutions Inc. plans to utilize its recent Seed funding of USD 1.63 mn to enhance its product offerings and expand into new geographic markets. The company is expected to launch additional AI-driven communication tools in the coming year, aiming to improve customer experience and operational efficiency. Additionally, Freede is targeting expansion into several key markets, with a focus on states that are experiencing growth in the credit and collection sector, by the end of 2022.

## Funding rounds

- Seed, Jan 15, 2021, $1.6M — Lightbank, Knoll Ventures

## Investors

- Lightbank (https://capitalatlas.ai/funds/lightbank) — Seed
- Knoll Ventures (https://capitalatlas.ai/funds/knoll-ventures) — Seed