Franc
OperatingFranc is a South African investment app that enables quick and easy adoption of savings and investment products by partner businesses.
- Financial Services
- Johannesburg, South Africa
- Seed
- Founded 2018
- franc.app ↗
- Total raised
- $812K
- disclosed
- Last round
- $512K
- Seed
- Rounds
- 3
- since 2018
- Investors
- 2
- on record
- Employees
- 11-50
About Franc
Franc is a South African investment app that enables quick and easy adoption of savings and investment products by partner businesses. Franc helps everyone invest like a pro. We offer users access to a leading cash (money market) fund offering higher interest rate returns than a bank savings account and an equity fund that tracks the best of the stock market. There are no minimum requirements or restrictions. No paperwork. No hassle. Totally Franc!
Franc funding3 rounds
All 3 rounds →Franc has raised $812K across 3 disclosed rounds. The latest is a $512K Seed announced 08 Jun 2022, led by 4DX Ventures.
- $300KSeedSeed, $300K, $300K raised to date
- $512KSeedSeed, $512K, $812K raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Franc
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 08 Jun 2022 | Franc Seed | 4DX Ventures | $512K |
| 07 Aug 2020 | Franc Seed | Not disclosed | Not disclosed |
| 07 Jul 2020 | Franc Seed | Fitech Ventures | $300K |
Franc founders & team
- Thomas BrennanCo-Founder & CEO
- Pheello MaboeaCTO
Franc competitorssame sector · similar funding
- Street WalletCape Town, South Africa
- mystocks.africaCape Town, South Africa
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Frequently asked about Franc
- Where is Franc based and when was it founded?
- Franc is headquartered in Johannesburg, South Africa and was founded in 2018.
- Who founded Franc?
- Franc was founded by Thomas Brennan (Co-Founder & CEO).
- Who is the CEO of Franc?
- Thomas Brennan is Franc's Co-Founder & CEO.
- How much funding has Franc raised?
- Franc has raised $812K across 3 disclosed rounds. Its latest, a $512K Seed, was announced on Jun 08, 2022.
- Who has invested in Franc?
- Backers include 4DX Ventures and Fitech Ventures.
- What sector is Franc in?
- Franc operates in Financial Services, FinTech and Machine Learning.
