Franc Group (Pty) Ltd
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Franc Group (Pty) Ltd - overview
Established
2017
Location
Sandton, -, South Africa
Primary Industry
Software
About
Based in Sandton, South Africa, and founded in 2017 by co-founders Thomas Brenan and Sebastian Patel, Franc Group (Pty) Ltd. offers a user-friendly and accessible investment platform known as the Franc app that empowers users to make informed investment decisions. In June 2022, Franc Group (Pty) Ltd raised ZAR 8 million in seed funding led by investor 4DX Ventures. Franc Group offers a range of investment solutions designed to cater to the diverse needs of its clients.
The flagship product, the Franc App, is a mobile application that empowers users to invest their money wisely. Through this app, clients can set personalized investment goals, deposit funds, and monitor the growth of their investments in real time. Franc Group provides access to a selection of trusted cash and equity funds, including the Allan Gray Money Market and Satrix 40 ETF, allowing investors to choose the option that aligns with their financial objectives and risk tolerance. The company plans to use the June 2022 funding on B2B initiatives aimed at companies seeking to consolidate their customer loyalty and their value proposition with "plug and play" investment and savings proposals.
Current Investors
Fitech Ventures, 4DX Ventures
Primary Industry
Software
Sub Industries
e-Financial, Internet, Accounting/Finance Software
Website
www.franc.app
Verticals
Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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