Frec news
Frec crosses $1 billion in assets
1 min read
A note from Mo, founder of Frec
Frec just crossed $1 billion in customer assets on the platform.
The pace has been astounding. It took us a year to reach our first $100 million, another year and a bit to get to $550 million, and less than four months from there to a billion. We added more than $80 million in the last week alone.
We always had conviction internally, but to the rest of the world, $1b is the moment Frec goes from “there’s something here” to “that is a real business.” We’ve crossed the chasm. Tax-aware investing, delivered directly to customers, is here to stay.
We’re deeply grateful to the thousands of customers who placed an enormous amount of trust in us.
I’m also lucky to be working alongside an incredible team that brings so much grit, customer obsession, and passion to our mission every day.
We have a lot more coming, but our focus stays the same: tax-aware strategies that used to be reserved for ultra-high-net-worth clients through advisors and hedge funds.
$10 billion and beyond, here we come!
Now back to work.
— Mo
PS – We’re hiring backend and frontend software engineers, quant researchers, and quant developers. Read more about these roles on our careers page here.
