The startup has initiated internal discussions to move its domicile back to India from Singapore due to the country’s improving financial conditions
Despite the process being in early stages, the startup is also reportedly thinking of going for an IPO post the culmination of the reverse flip
Freo claims to have realised a gross revenue of over INR 350 Cr in the fiscal year 2023-24 (FY24) with a "positive contribution margin"
Amid a growing list of Indian internet firms looking to shift their domiciles back to the country, digital banking platform Freo is reportedly planning to join the league as local markets begin to offer richer valuations for new economy scripts.
According to Moneycontrol, the startup has initiated internal discussions to move its domicile back to India from Singapore due to the country’s improving financial conditions. It is registered as Mycash Fintech in Singapore.