Franchain provides a platform for automated royalty collection and risk-free financing for global franchise organizations, enabling same-day payments from franchisees in over 165 countries. This solution addresses the inefficiencies of traditional royalty collection processes, improving cash flow and reducing administrative burdens for franchisors.
Funding
Funding not disclosed
Founders
Product
Problem
Global franchise organizations face challenges in efficiently collecting royalties from franchisees across numerous countries due to varying payment methods, currency exchange rates, and regulatory complexities. Traditional royalty collection processes often involve delays, high transaction fees, and significant administrative overhead.
Solution
Franchain provides a platform designed for automated royalty collection and risk-free financing, enabling global franchise organizations to compliantly collect "same-day" royalties from franchisees in over 165 countries. The platform offers franchisees dedicated collection accounts domiciled in their respective countries, simplifying the payment process. Franchisors can automate the collection of royalties and one-off payments, and also provide risk-free loans to franchisees to fuel growth, setting interest rates and repayment rules. The system supports multi-currency auto-withdrawals, allowing franchisors to withdraw payments in their local currency or retain funds in foreign currencies.
Target Audience
Franchain primarily targets global franchise organizations seeking to streamline royalty collection, improve cash flow, and provide financing options to their franchisees.
Features
- Automated royalty collection from franchisees in 165+ countries.
- Dedicated collection accounts for franchisees domiciled in their country.
- Risk-free merchant financing options for franchisees with customizable interest rates and repayment rules.
- Multi-currency auto-withdrawals to local currency accounts.
- Interbank FX rates for cross-border transactions.
- Integration with partner banks, including JP Morgan, Barclays, and Credit Suisse.
- Multi-level authentication and two-factor authentication for secure access.
- Direct SWIFT and FX connectivity with banks.