Fraedom Strengths, Domain Expertise, and Key Differentiators
Founded in 1999, Fraedom, formerly Spendvision, specializes in integrated travel, expense, payment, and reporting solutions. Fraedom was established in 1999 and has offices in the UK, US, Australia, New Zealand, and Japan. Fraedom Holdings Limited develops travel and expense management solutions. It provides Payments, an integrated platform to manage business payments; Expense, an expense management tool to save time and money; and Partner solutions, a technology that enables banks to maximize the value of commercial cards.
Fraedom Recent Developments
Fraedom Card Management manages from corporate and business credit cards to P-cards and lodge, physical or virtual, regardless of card type or scheme. Businesses can manage and administer card programs all in one place, quickly and easily.
Fraedom Mergers and Acquisitions (M&A) Activities
In February 2018, Visa acquired Fraedom, a Software-as-a-Service technology company providing payments and transaction management solutions for financial institutions and their corporate customers. Fraedom has been a Visa partner for nearly ten years, and its technology underlies Visa IntelliLink Spend Management, a core platform for Visa’s commercial and small-business clients. The acquisition will strengthen and expand Visa’s business suite of solutions to meet the rapidly evolving needs of the B2B payments industry.
Fraedom Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fraedom applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fraedom and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Fraedom Card Management customers.
Ownership: - Visa
Number of Employees: 450
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Fraedom Key Enterprise and Cloud Applications
Fraedom Card Management
Fraedom Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fraedom Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Fraedom Enterprise Applications Revenues By Functional Markets, $M:
Fraedom Enterprise Applications Revenues By Verticals, $M:
Fraedom Revenues By Region, $M
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Fraedom Direct vs Indirect sales
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Fraedom Customers - Breakdown by Geo, Size, Vertical and Product
No. of Fraedom Customers: 600000
No. of Fraedom Enterprise Applications Customers: 600000
No. of Fraedom Cloud Customers: 600000
No. of Fraedom Cloud Subscribers: x
600,000 organizations benefit from Fraedom's technology in 178 countries. Fraedom customers are Staples, De Beers Jewellery, Essex County Council, VISA, Deakin University Australia, UXC Oxygen, Weightmans, Mitsubishi Motors, Bradken, Ipswitch Borough Council, Hutt Valey Bnb, National Australia Bank (NAB), Sheffield Hallam University, ANZ, Barclaycard, Lloyds Banking Group, BNZ, SunTrust, The Warehouse, Walsall Council, Christchurch City Council, Anglianwater, Elders and many others.
Fraedom Market Opportunities, M&A and Geo Expansions
In September 2018, Fraedom has partnered with the UMB Financial Corporation that will enable UMB to develop a “full suite of card services”. In the first phase of the partnership, the two companies will work together to migrate UMB’s existing commercial card customers from two separate legacy systems onto Fraedom’s own platform. Highlighting the broader implications of the partnership and the benefits banks can achieve from adopting a fintech-focused approach, this partnership is a great example of the way banks can differentiate their services and stay competitive in the face of the ever-evolving market demands.
Subsequent phases of the partnership will focus on continuing to focus on elevating user experience and delivering upon use. The two companies already have plans to develop and launch a new mobile app, targeting a launch among UMB’s existing customers in 2019 to create a mobile-first user experience that will complement the existing browser-based platform.
Fraedom Risks and Challenges
Banks developing their own fintech applications.
Fraedom Ecosystem, Partners, Resellers and SI
Fraedom partnered with Ingogo, the award-winning mobile-based Australian taxi booking solution. The new partnership enables Ingogo travelers to automatically expense their trips when traveling for work, seamlessly uploading Ingogo receipts to Fraedom for easy expense tracking and reimbursement. The setup is quick and easy, with Ingogo customers simply selecting Fraedom as their expense provider when creating their Ingogo account.
Company administrators can start an Ingogo business account and invite the entire team to easily monitor ride expenses and, at the company’s discretion, the integration equally supports individually or centrally reconciled payment approaches. The goal of this partnership is the touchless transaction, where the customers don’t need to think about expenses and can focus on their business. Ingogo provides simple and effortless solutions for businesses and their employees, designed to reduce costs.
Fraedom Cloud Infrastructure Insights
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- Fraedom Public Cloud and Infrastructure (IaaS)
- Fraedom Platform (PaaS)
- Fraedom Application Delivery
- Fraedom Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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