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Frich raises $2.8 million in seed funding round led by Restive Ventures

May 30, 2024about 1 year ago

Amount Raised

$2.8 Million

Round Type

seed

New YorkLendingFintechFinancial Services

Investors

Spartan InnovationsK20Tru StageRestive Ventures

Description

Frich, a social financial community for Gen Z, has raised $2.8 million in a seed funding round led by Restive Ventures, with participation from TruStage, K20, and Spartan Innovations. The funding will be used to further develop the app and expand its user base.

Company Information

Company

Frich

Location

New York, New York, United States

About

Frich is a social financial community for Gen Z, founded in 2021. The app aims to help users find financial clarity by allowing them to ask questions anonymously and providing insights into the financial behaviors of others in their age group.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers