Frich: Aleksandra Medina & Katrin Kaurov, Co-Founders

1 Jul 2024 · 41 min
Hitting The Mark

1 Jul 2024 · 41 min

0:00

In this episode of Hitting the Mark, host Fabian Geirhalter interviews Aleksandra Medina and Katrin Kaurov, co‑founders of Fridge (styled FRJCH), a Gen‑Z‑focused financial‑literacy and social‑finance app. The conversation covers the founders’ personal journeys—Katrin’s early modeling career that forced her to manage money across countries and Aleksandra’s similar early exposure to financial inequality—leading to the insight that Gen Z lacks relatable financial guidance. They discuss how social media fuels unhealthy financial comparisons and how Fridge’s core product lets users anonymously compare real spending and saving habits with peers in their city, using daily conversational prompts rather than traditional questionnaires. The branding story is explored: the playful name “Fridge” (also “effin’ rich”) was chosen for its humor and memorability, and the brand is treated as a person, embodying truth and “tough‑love” voice. All branding, copy, visuals, and user‑engagement questions are created in‑house by a six‑person team with fintech and Gen‑Z growth expertise. Data privacy is addressed by positioning the brand as a trusted friend, emphasizing transparency and non‑selling of data. Monetization is a B2B subscription model where banks, credit unions, and consumer brands pay to access Gen Z insights and reach users through tailored partnerships, extending beyond finance to dating, mental‑health, and food‑and‑beverage apps. Key milestones include campus ambassador programs, merch, workshops, a breakthrough corporate conference where the bold “effin’ rich” tagline resonated, leading to a funding round. Future plans focus on nationwide awareness, TV advertising, and scaling the brand to become a household name for Gen Z. The founders share brand advice: fall in love with your brand, treat it as an extension of yourself, and maintain truthfulness. Contact information and a tip‑line for money questions are provided.

Chapters

More from Katrin

27:10
Podcast

In conversation with Katrin Kaurov from Frich (episode 2)

2y ago
18:26
Podcast

The Next Generation Social Finance App For GenZ w/ Katrin Kaurov & Aleksandra Medina (Co-Founders)

4y ago
13:49
Podcast

Ep. 32 - Aleksandra Medina & Katrin Kaurov

4y ago
See all content