Fraxion logo

Fraxion

Operating

Fraxion develops spend management software for mid-market companies to control and manage various spending activities.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$1.2M
disclosed
Last round
$750K
Funding Round
Rounds
2
since 2003
Investors
1
on record
Employees
11-50

About Fraxion

As a leader in the Spend Management space we have been able to offer effective cost containment and automated procurement solutions to over 40, 000 users. Our value proposition: to save you money and increase efficiency. Fraxion offers a foundation for complete operating expense control, systematic policy compliance; risk management and spend analysis. The technology automates the full procurement cycle and streamlines the purchase-to-pay process while providing complete visibility of transaction life-cycles. Fraxion is raising the bar in its field with ever-improving product releases and progressive technology.

Fraxion funding2 rounds

All 2 rounds →

Fraxion has raised $1.2M across 2 disclosed rounds. The latest is a $750K Funding Round announced 10 Jun 2016.

Capital growthrunning total of disclosed rounds
  1. $457KVentureVenture, $457K, $457K raised to date
  2. $750KFunding RoundFunding Round, $750K, $1.2M raised to date

SLA Funding Index · grey is capital raised before each round

Who has invested in Fraxion

AnnouncedRoundLead · investorsAmount
10 Jun 2016Fraxion Funding RoundNot disclosed$750K
01 Jul 2005Fraxion VentureVenFin$457K

Fraxion founders & team

Fraxion competitorssame sector · similar funding

More Procurement startups in Africa

  • Fabconnect

    Fabconnect: Streamlining industrial fabrication through intelligent B2B supply chains. · Egypt, Arab Rep.

  • Odyssey Energy Solutions

    Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy. · Nigeria

  • DrugStoc

    DrugStoc is a Nigerian Pharmaceuticals startup that offers secure and interactive procurement services · Nigeria

  • Scale

    Scale enables organizations to transition their procurement from manual, and labour intensive activities to a streamlined and fully-digitized process. · Kenya

  • Xetova

    Xetova is a Kenyan startup which provides technology solutions to the procurement ecosystem. · Kenya

  • Innobid

    Innobid is a Kenyan AI-powered e-procurement platform enhancing transparency, efficiency, and inclusion in procurement processes. · Kenya

Procurement startups across Africa

Frequently asked about Fraxion

Where is Fraxion based and when was it founded?
Fraxion is headquartered in Cape Town, South Africa and was founded in 2003.
Who founded Fraxion?
Fraxion was founded by Stanton Jandrell (Co-Founder & CEO).
Who is the CEO of Fraxion?
Stanton Jandrell is Fraxion's Co-Founder & CEO.
How much funding has Fraxion raised?
Fraxion has raised $1.2M across 2 disclosed rounds. Its latest, a $750K Funding Round, was announced on Jun 10, 2016.
Who has invested in Fraxion?
Backers include VenFin.
What sector is Fraxion in?
Fraxion operates in Procurement.