Frefins
Latest round
- Seed
Last raised
- Feb 2024
Total raised
- $1.1M
Investors
- 2
About Frefins
Based in South Korea, Frefins specializes in Rental Transformation services, offering innovative solutions through its proprietary Frefins Rental Platform to optimize rental management for various businesses. Frefins was founded in 2022 and is headquartered in Seoul, South Korea. The company focuses on providing specialized services in the rental and subscription business model. The founders, Byeong-seok Kim and Sang-yong Shin, have experience in the industry and lead the company as co-CEOs. Frefins offers a suite of Rental Transformation (RX) services primarily through its proprietary Frefins Rental Platform (FRP). This platform facilitates efficient management of consultations, contracts, shipments, billing, and asset management for rental companies, manufacturers, and franchises across sectors like consumer goods and mobility. The FRP enhances operational efficiency by allowing seamless payment processing, tax invoice issuance, and real-time electronic contract signing, primarily targeting the South Korean market with plans for global expansion. Frefins generates revenue through a transaction model that includes subscription services and partnerships within the rental ecosystem. Clients access the platform via subscription, which provides comprehensive operational features tailored to their business needs. Revenue is derived from ongoing service fees linked to rental operations managed through the FRP, although specific pricing details are not disclosed. The company will use the February 2026 funds for research and development, talent acquisition, and AI.
Who invested in Frefins
2 investors across 1 round
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Funding rounds
Seed
Feb 1, 2024
Amount
$1.1M
Investors
Questions about Frefins
Who invested in Frefins?
Frefins has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Frefins raised?
Frefins has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Frefins last raise money?
Frefins's most recent round on record is a Seed, in Feb 2024.
What does Frefins do?
Based in South Korea, Frefins specializes in Rental Transformation services, offering innovative solutions through its proprietary Frefins Rental Platform to optimize rental management for various businesses.
Where is Frefins headquartered?
Frefins is headquartered in Seoul, South Korea.
Which VCs invest in companies like Frefins?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back business support services companies at Frefins's stage. Their profiles are linked below.
VCs backing business support services startups at Seed
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