Franq
“Can an AI-powered marketplace of autonomous bankers replace the branch as Brazil's primary financial-product distribution channel?”
Founded2019
HQFlorianópolis, Santa Catarina, Brazil
FoundersPaulo Silva
Total raised~$24M+
Latest roundSeries B, 2026 (~$12.4M / BRL 70M)
IndustryMarketplace / Financial products distribution
The story
Founded 2019 as 'Franq Open Banking', a marketplace platform that lets experienced ex-branch bankers act as autonomous 'Personal Bankers' distributing 150+ products from 50+ banks/fintechs (Itaú, Santander, Bradesco, Inter, C6, Daycoval, etc.). Franq itself is not a bank — it operates via two regulated correspondente bancário entities (WIN and K.ZA) under Brazilian CMN Resolution 4.935/21. The strategic evolution has been from a simple marketplace to an AI-powered origination engine (beFranq app, credit motors integrated with partner banks) sitting between distribution agents and financial institutions.
Product timeline
2019
Franq founded in Florianópolis as an 'open banking' distribution platform for independent bankers (Personal Bankers).· pivot
2022
Raised $12M Series A to expand Personal Banker network across Brazil.· banking
2025
Rolled out AI-driven credit engines (e.g. Home Equity) and Tech Games initiative delivering 35 internal software tools.· banking
2026
Closed BRL 70M (~$12.4M) Series B co-led by Valor Capital Growth Fund, Quona Capital and Globo Ventures.· banking
Regulated entities
2
regulatory licences held by Franq
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Franq’s embedded-finance stack
Lending
EmpréstimosFinanciamentosHome EquityConsórciosCrédito Imobiliário
Accounting gap: none