Frex bags pre-seed funding led bu Zeropearl VC, White Venture Capital
08 Dec 2025, 05:35 PMThe funding round also saw participation from individual investors including Kunal Shah, founder, Cred.
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Frex, a platform which facilitates cross border payments by using third party service providers, has raised Rs 9.5 crore in a pre-seed funding round led by Zeropearl VC and White Venture Capital.
The funding round also saw participation from individual investors including Kunal Shah, founder, Cred; Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra of Urban Company; Pradeep Parameswaran, global head of Mobility at Uber; and Rishabh Goel, founder of Credgenics.
The startup will use the fresh capital to expand its on and off ramp infrastructure across North America and India, and strengthen the compliance and regulatory stack across key corridors. A portion of the capital will also be used to boost its engineering and ledger systems to support high volume transactions, and accelerate go to market efforts in NRI and migrant worker communities.
Frex, which was founded by Aditya Varma, Himanshu Arora and Nikhil Shanker this year, says it is a peer-to-peer money transfer platform that offers instant, low-cost cross-border payments.
“Cross border payments remain one of the slowest and most expensive areas of financial services, and this burden falls directly on migrants and global workers," Aditya Varma, Founder and Chief Executive Officer of Frex.
"With more than two trillion dollars moving across borders every year, we see a massive opportunity to transform this experience end to end," added Varma.
Cross-border platforms have been attracting investor interest in India.
Earlier in July, Aspora raised $53 million in its Series B funding.
Earlier this year, Dodo Payments received $1.1 million in a pre-seed funding led by Antler, 9Unicorns and Venture Catalysts.
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