Franklin
“Can a crypto-native payroll and finops stack replace the bank account for web3 companies?”
Founded2022
HQToronto, Ontario, Canada
Total raised$2.9M
Latest roundSeed
IndustryHorizontal SaaS / HR & Payroll
The story
Franklin is a 2022-founded Toronto-based crypto payroll startup offering US-compliant payroll, contractor payments, stablecoin conversions, vendor bill pay, customer invoicing, and yield to crypto-native companies. It positions itself as a 'bankless' payroll and finops platform with multichain payment rails and accounting integrations.
Last 12 months
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Product timeline
2022
Founded in Toronto as a crypto-native payroll platform paying workers in cash and crypto.· pivot
The stack
1 layer disclosed in Franklin’s embedded-finance stack
Accounting
Accounting gap: minor