Franklin, a rising star in the fintech sector, has successfully raised € 900K (6.6 million DKK) in a recent funding round. The investment, sourced from existing investors, angels, and family offices, is set to propel Franklin’s mission of developing a cutting-edge payment and finance platform tailored for e-commerce businesses.
Fueling Growth and Innovation
This fresh influx of capital will enable Franklin to expand its team, enhance its product offerings, and assist more e-commerce businesses in automating their financial operations. Since its launch less than a year ago, Franklin has made significant strides, achieving over €600,000 in annual recurring revenue (ARR) and growing its customer base to nearly 100, doubling its clientele since the end of 2024.
“We’re incredibly grateful for the trust from our investors – new and old. This funding allows us to double down on helping small and mid-sized e-commerce brands automate their finances and keep more of their money,”
says Nikolaj Bomann Mertz, CEO and Co-founder of Franklin
Franklin distinguishes itself with features such as 0.5% unlimited cashback on all card payments, automated receipt fetching from platforms like Google, Meta, TikTok, and various software purchases, as well as high spending limits of up to €1 million per customer.
“We’re building what we wish existed ourselves – a smarter way to manage payments and finances, purpose-built for e-commerce. We’ve built a strong foundation, but we’re just getting started,”
says Nikolaj
