Company Information

Get to know FriendLoan Technologies Pvt.Ltd

FriendLoan Technologies Pvt.Ltd is a key entity within the corporate structure of Freo, a prominent Indian fintech company. Operating initially under the brand name MoneyTap, which was launched in 2015, the company pioneered the concept of an app-based personal "credit line" for consumers in India. The company's core business is not direct lending but providing the technology platform that connects eligible customers with its partner banks and RBI-regulated NBFCs to facilitate seamless access to credit. In 2022, the brand evolved from MoneyTap to Freo, expanding its vision to become a comprehensive digital neobank offering services like savings accounts, payments, and credit products to serve the financial needs of India's population.

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Technology Software DevelopmentPRIMARY
Financial Other Service

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FriendLoan Technologies Pvt.Ltd

India

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.