Freemarket secures growth capital investment from Baird Capital
Baird Capital backs Freemarket with growth capital to fuel international expansion.
Freemarket operates a regulated financial technology platform that provides business to business cross-border payments and currency exchange services. The company connects clients to an extensive global banking network spanning over 100 countries.
Freemarket has secured a growth capital investment from Baird Capital to support its ongoing international expansion and growth. The transaction also provides a partial cash-out for existing shareholders. Financial terms of the deal were not disclosed.
Founded in 2011, the company operates a proprietary technology platform designed to streamline international payments and currency exchange across more than 100 countries. Following the investment, Michael Holgate of Baird Capital has joined the board of directors.
From the founder
"We are delighted to partner with Baird Capital at this exciting stage in Freemarket’s growth journey."
Alex Hunn
Founder and CEO at Freemarket
Investor perspective
"Alex and team have built a fantastic business. We are excited to partner with them and support Freemarket’s ambitious growth plans."
Michael Holgate
Partner, Baird Capital
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Freemarket
Freemarket provides cross-border payment and currency exchange services for businesses.