SA Investment Start-Up Franc Announces Its B2B Offering Called Franc Business
SA Investment Start-Up Franc Announces Its B2B Offering Called Franc Business. South African financial services startup Franc has announced its B2B Offering Called Franc Business. This comes after the company managed to raise R8 million in seed funding round from 4DX Ventures.
Franc seeks to use these funds in order to expand its business by introducing Franc Business, which aims to instill customer loyalty and their value proposition with a ‘plug and play’ investment and savings offering.. “The advantage of Franc Business is its simplicity and low cost. As a B2B play, we provide a single application programming interface (API), which gives us the ability to integrate with client platforms quickly and easily. Franc Business clients can help their customers to start saving or investing immediately, boosting loyalty and value for the business, without the hassle of regulatory red tape and lengthy technical development,” co-founder of Franc Sebastian Patel told Finextra.
4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Its mission is to connect people, ideas, and capital to create a thriving African continent, and a vibrant global community. It does this by partnering with bold and gifted entrepreneurs who are building companies that will usher in Africa’s technology age. The company looks for founders who are focused, creative, have a growth mindset, and possess true grit. It invests early and with conviction backed by extensive research & analysis, an expansive global network and deep local perspective.
Franc is a financial services company that was founded by Sebastian Patel and Thomas Brennan, it aims to help everyone invest like a pro. The company offers 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.
