Freqens Raises $3 Million to Revolutionize B2B Purchasing Practices

Freqens, a Paris-based fintech company, has raised $3 million in pre-seed funding from several investors, including Seedcamp, Kima Ventures, and Motier Ventures, to enhance its B2B purchasing practices solution focused on indirect expenses. The firm, which aims to digitize and streamline cost benchmarking, empowers buyers to make informed decisions by providing real-time market data and peer benchmarking. This initiative targets the reduction of information asymmetry that generally favors sellers in B2B transactions. Maxime Liebens, Richard Gozlan, and Alexandre Barreira founded Freqens, bringing extensive experience from previously scaled-up enterprises. The funding will allow Freqens to expand its team, develop its product further, and enhance its presence in France and internationally. The company has already secured several clients in its home market and garnered interest from industry experts. Freqens' unique approach provides an independent and efficient procurement tool that deviates from existing complex SaaS management solutions, aiming to retain direct supplier relationships.