When was Frec founded?

Frec was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Frec located?

Frec is headquartered in San Francisco, United States.

Who is the current CEO of Frec?

Mo Al Adham of Frec. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Frec have?

As of Jun 30, 2026, the latest employee count at Frec is 31.

Is Frec a funded company?

Frec is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Oct 03, 2023.

When was the latest funding round of Frec?

Frec's latest funding was a $***** Series A round on Oct 03, 2023, with participation from 2 investors.

Where does Frec rank among its competitors?

Frec ranks 13th amongst 667 active competitors, of which 37 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Prosperr, which secured $4M in Dec, 2025.

Who are the top competitors of Frec?

Frec's top competitors include Liberty Tax, Clear and India Fillings. Among them, Prosperr secured the most recent funding round in December, 2025.

Frec - 2026 Company Profile, Team, Funding & Competitors

Frec is a series A company based in San Francisco (United States), founded in 2021 by Mo Al Adham. It operates as a Provider of direct indexing investment platform designed to unlock tax savings. Frec has raised $26.4M in funding from Greylock Partners. The company has 667 active competitors, including 37 funded and 19 that have exited. Its top competitors include companies like Liberty Tax, Clear and India Fillings.

Company Details

Provider of direct indexing investment platform designed to unlock tax savings. The platform offers tools for managing portfolios, transferring stocks, and tracking tax benefits over time. It facilitates investing in multiple indices and personalizing portfolios. The platform supports individual, joint, trust, and business accounts.

Website: frec.com
Social
Email ID: *****@frec.com

Key Metrics

Founded Year

2021

Location

San Francisco, United States

Stage

Series A

Total Funding

$26.4M in 1 round

Latest Funding Round

Series A, Oct 03, 2023, $*****

Investors

Greylock Partners & 7 more

Ranked

13^th among 667 active competitors

Employee Count

31 as on Jun 30, 2026

Similar Companies

Clear & 628 more

View Frec's full profile

Frec is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FREC MARKETS, INC. CIN: 872201706 , United States, Active	Dec 31, 1999	-	16 (As on Dec 31, 2024)	-

Frec has raised a total funding of $26.4M over 1 round. Its latest funding round was a Series A round on Oct 03, 2023 for $*****. 2 investors participated in its latest round. Frec has 6 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Frec:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 03, 2023	2766676	Series A	7709576	6642406	5680932	9209343

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View details of Frec's funding rounds and investors

The founders of Frec is Mo Al Adham. Mo Al Adham is the CEO of Frec.

Here are the details of Frec's key team members:

Mo Al Adham: Founder & CEO of Frec and founder of 2 other companies, Telly and TwitVid. They are also an angel investor in 1 startup.
Contact Info: 1 email address

View details of Frec's Founder profiles and Board Members

Frec's employee count trend

Frec has 31 employees as of Jun 26. Here is Frec's employee count trend over the years:

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Top competitors of Frec include Liberty Tax, Clear and India Fillings. Here is the list of Top 10 competitors of Frec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Liberty Tax 1997, Virginia Beach (United States), Acquired	Tax management services for businesses	$14M	Edison Partners, Vintage Capital Management ... & 2 others	73/100
2nd	Clear 2011, Bengaluru (India), Series C	Provider of software for tax compliance and financial process automation	$142M	PayPal, Kora & 27 others	72/100
3rd	India Fillings 2014, Chennai (India), Series A	Provider of a business registration, compliance, and taxation platform	$7.27M	ICICI Bank, Beenext & 20 others	71/100
4th	ClearTax 2011, India, Unfunded	AI-powered platform offering income tax filing, GST compliance, invoicing, tax planning, and financial solutions	-	-	66/100
5th	Taxfix 2016, Berlin (Germany), Series D	Provider of application for completing and submitting tax returns	$330M	Valar Ventures, Creandum & 7 others	64/100
6th	JJ Tax 2019, Gurugram (India), Seed	Provider of an app-based platform for taxation services	$1.52M	Hrishita Investment Advisory, Methods Apparel Consultancy ... & 76 others	61/100
7th	Thriday 2019, Melbourne (Australia), Acquired	Provider of banking, invoicing, accounting, and tax management platform	$9M	National Australia Bank, AfterWork Ventures ... & 1 others	59/100
8th	Tidal Financial Group 2012, New York City (United States), Series C	Technology platform facilitating the creation, operation and growth of ETFs	$32M	FTV Capital, FinRebel & 1 others	59/100
9th	Prosperr 2022, Bengaluru (India), Seed	Provider of tax compliance, planning, and income tax preparation services	$6.5M	Jungle Ventures, Panthera Peak & 24 others	58/100
10th	Taxfyle 2015, Miami (United States), Series B	Online tax filing services for individuals and businesses	$35M	Fuel Venture Capital, IDC Ventures & 5 others	55/100
13th	Frec 2021, San Francisco (United States), Series A	Provider of direct indexing investment platform designed to unlock tax savings	$26.4M	Conversion Capital, MRTNZ & 6 others	51/100