Ffrees Family Finance

wealthtech-retailfinancial research

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 17/07/2020

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About

Ffrees Family Finance Ltd was founded in 2011 and has operated the Ffrees Account since then. Over 50,000 of the multi-award winning prepaid accounts are still serviced through www.ffrees.co.uk, but FFF Ltd launched a new account in October 2016. The U Account (www.Uaccount.Uk) comes with a contactless card, direct debits, a digital Money Manager, the option to add Extra Accounts, and much more. With U, account holders have a way of budgeting more effectively and avoiding hidden charges. People now have a genuine alternative to the banks the UKs first unbank. Its all about YOU.

MEDICI Analysis

Ffrees Family Finance Ltd. provides financial services and offers accounts, insurance, mortgages management, and other financial solutions.

Focus

PRODUCTS & SERVICES

Platform for financial management.

MAIN CLIENTS

Retail banking consumers

Traction

VALUATION / MARKET CAP:

$1.12 M in 2016

People

FOUNDERS

Alex Letts

BOARD MEMBERS AND ADVISORS

Alan Hughes

Alexander Letts

Dylan Jones

Ian Brown

Nigel Medhurst

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Alex Letts

Enterprise Ventures

envestors.myedash.com

Finance Yorkshire

Individual Investor

Justin Dowley

Katie Mountain

Nesta Impact Investments

Nesta Investment Management

Stephen Woodford

Technology & Innovation Fund

KEY EMPLOYEES:

Alexander Letts(CEO)

Nigel Medhurst(CFO)

Paul Neale(CIO)

Stephen Woodford

Momentum

FUNDED

NO

TOTAL FUNDING

$168.17 K

DATE OF LAST FUNDING

Mar 2016

TOTAL FUNDING COMMENT

Venture: $8.56 M raised in March 2016.

LISTED

NO

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