Family-focused financial wellness app Fr33m3n gears up for launch

A new financial services app for millennials and their Generation Z and Alpha children, Fr33m3n, is set to launch in Q4 2022 in the UK and Vietnam.

Some of the app’s features include easy-to-open accounts, the option to issue up to five pre-paid debit cards for family members, instant payment approvals, real-time notifications and card disabling functionality.

Users will also be able to manage their household budget by setting up monthly spending limits for different expense categories.

Fr33m3n was founded by Mark Niknazemi and Jamie Nik and raised £150,000 in pre-seed funding in July 2022.

The fintech has been built by a team of young parents who want to provide easy-access financial services to millions of underbanked families and young people.

To support this goal, the platform will also offer financial education and literacy programmes such as lectures, tutorials, podcasts and online webinars, helping families become financially independent and “build financial freedom”.

Fr33m3n expects the app will be available to download from the IOS App Store and Android Play Store starting from Q4 2022. A waitlist for early registrants is also open.