Danish e-commerce fintech Franklin raises $1 million
Danish fintech startup Franklin has secured $1 million USD (6.6 million DKK) in total funding from existing investors, angels, and family offices to accelerate its mission of building a payment and finance platform for e-commerce.
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The round gives Franklin fresh capital to expand its team, build out the product, and help even more e-commerce businesses automate their finances and keep more of their money. '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,' — Nikolaj Bomann Mertz, CEO and Co-founder of Franklin
Since launching less than a year ago, Franklin has:
● Crossed €600,000 in ARR
● Grown to nearly 100 customers
● Doubled its customer base since end of 2024
Franklin offers payment cards with 0.5% unlimited cashback and automates expenses so e-commerce businesses can focus on growth, not admin work.
Franklin stands out by offering:
● 0.5% unlimited cashback on all card
● Automated receipt fetching from Google, Meta, TikTok, and software purchases
● High spending limits — 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,' — Nikolaj Bomann Mertz, CEO and Co-founder of Franklin
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