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Freemarket
Cross-border payments and currency exchange platform
- 21-100 employees
- Fintech
- B2B
- Banking
- Payments
- Foreign exchange
- Financial Services
- SaaS
- London, UK
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Company mission
Freemarket is on a mission to provide our customers with access to best-in-class payments and currency services.
38% employee growth in 12 months
Our take
International payments traditionally involve expensive costs and slow transfer periods, making them largely inaccessible for smaller businesses. Freemarket aims to challenge such banking standards by providing a platform that grants SMEs greater access to currency exchanges and cross-border payments to allow users of the Freemarket's services to focus on business development and generating maximum revenue.
Freemarket have already helped SMEs by providing affordable exchange costs, resulting in a significantly more currency exchanges in EUR and USD. Having joined the Banking Circle in 2018, Freemarket were also able to widen their user base by extending their services to marketplace sellers. In the future, as part of their expansion, Freemarket look to extending their services into blockchain and ledger technology.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Aviva private healthcare AIG Critical illness cover and death in service
- Excellent development opportunities, internal and external funded training opportunities
- 25 days holiday + ph (5 days carryover)
- Aviva private pension (5% ee and 5% er )
- Perkbox Green schemes: Electric vehicle and cycle to work schemes
- Hybrid working - work from home or the office, the office is based near London Bridge station
- Internal and external funded training - including professional study package provided by ICA (International Compliance Association)
Company values
- Value - Our clients operate in competitive and high-growth sectors. Through our technology we develop new products and services, which allows our customers to focus on go-to-market strategies, business development and client relationships to maximise revenue
- Collaboration - We’re all about relationships. We take a partnership approach with all of our stakeholders. These include customers, global banks and service providers. Our goal is to provide the best service and solution possible for the benefit of all parties.
- Access - We believe businesses of all sizes should have access to the best products on the market, that were until now only available to institutional players. Our platform provides access to multiple bank partners, service providers and complex compliance processors
Funding (last 2 of 4 rounds)
Jun 2021
$2.9m
LATE VC
Apr 2020
$3.2m
EARLY VC
Total funding: $11m
Leadership
Alex Hunn
(CEO)Previously, Director of Global Capital Markets at Deutsche Bank, Co-Founder and Director of Uchoose.