Frex funding, investors and company details

Frex is an emerging Financial Services - Fintech - Payments startup from Gurugram, working in the space of Peer-to-peer cross-border payments platform. Founded by Aditya Varma, Himanshu Arora, Nikhil Shanker.

Company: Frex Technologies Private Limited
Sector: Financial Services - Fintech - Payments
Location: Gurugram
Founders: Aditya Varma, Himanshu Arora, Nikhil Shanker

Company overview

Frex is a peer-to-peer cross-border payments platform that enables immigrants and global workers to send money home instantly at ultra-low cost. It uses blockchain-based rails combined with local banking integrations to offer better-than-mid-market FX rates, near-instant settlement, and transparent, zero-fee pricing across key remittance corridors. The service aims to make international transfers as seamless as domestic digital payments, targeting NRI and migrant communities burdened by slow, expensive traditional channels.

Funding rounds

Latest round (Pre Series A): ₹9.50 Cr. ($ 1.04 Mn), 2025-12-08. Investors: Zeropearl VC, White Venture Capital, Abhiraj Singh Bahl, Varun Khaitan, Raghav Chandra (Urban Company), Pradeep Parameswaran, Kunal Shah (CRED), Rishabh Goel