# Frich

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frich

- Industry: Software
- Headquarters: New York, US
- Website: www.getfrich.com
- Total disclosed funding: $2.8M
- Latest round: Seed (May 30, 2024)
- Investors on record: 4

## About

Established in 2021 and based in New York, US, Frich, Inc. operates as a social financial community designed for Gen Z to manage their finances. The company was founded by its CEO, Katrin Kaurov, and CPO Aleksandra Medina. In May 2024, Frich, Inc. raised USD 2.8 million in seed funding led by Restive Ventures, K20 Fund, Spartan Innovations, and TruStage Investment Management. The seed funding values Frich, Inc. at USD 10.30 million post-money.

Frich offers a digital platform that allows users to anonymously compare their finances with peers. The company provides insights into spending habits, income levels, and rent costs within specific demographics. Users can see how their financial choices compare to others without revealing their individual identities. The company also offers a comparison tool for various expense categories, including rent and income, and allows users to understand their financial standing relative to their peers. The platform also features a question-and-answer section where users can submit and answer financial questions anonymously.

The company plans to utilize the funding raised in May 2024 to grow its team and accelerate its service features.

## Funding rounds

- Seed, May 30, 2024, $2.8M — TruStage Investment Management, Restive Ventures, K20 Fund, Spartan Innovations

## Investors

- TruStage Investment Management — Seed
- Restive Ventures (https://capitalatlas.ai/funds/restive-ventures) — Seed
- K20 Fund (https://capitalatlas.ai/funds/k20-fund) — Seed
- Spartan Innovations — Seed