Speaking to CNBC-TV18, Ritesh Srivastava, Founder & CEO of FREED, said the startup will use its newly raised ₹60 crore funding to strengthen technology, expand platform access and improve financial awareness among borrowers. He said the company plans to enhance the tech layer so financially stressed borrowers can easily access debt-resolution services. FREED will also expand outreach as consumer credit spreads to tier-2 and tier-3 cities, while focusing on borrower education to help people avoid debt traps and regain financial stability.
First Published: Mar 13, 2026 8:15 PM IST
