Peer-to-peer payments platform Frex has raised Rs 9.5 crore in a pre-seed funding round co-led by Zeropearl VC and White Venture Capital, with participation from a group of strategic angels including Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra of Urban Company, Pradeep Parameswaran, CRED founder Kunal Shah, and Rishabh Goel.
The proceeds will be used to expand its on- and off-ramp infrastructure across North America and India, strengthen the compliance and regulatory stack across key corridors, scale engineering and ledger systems, and…

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