Franklin provides a payroll platform that automates employee payments in both cash and cryptocurrency while ensuring tax compliance and streamlined HR management. The solution addresses the complexities of global payroll processing by enabling efficient payment to workers and vendors, along with expense reimbursements and accounting integrations.
Funding
$2.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GCFounders
Product
Problem
Managing payroll for both traditional currencies and cryptocurrencies can be complex, especially when dealing with global teams and varying tax regulations. Existing solutions often lack the flexibility to handle diverse payment methods and require significant manual effort for compliance and reconciliation.
Solution
Franklin is a payroll and finance operations platform that streamlines employee and contractor payments in both fiat and cryptocurrency, while automating tax compliance and HR management. The platform supports U.S. payroll, global contractor payments, crypto payroll, vendor bill pay, and customer invoicing, all in one system. It automates tax reporting and filing, handles expense and invoice management, and offers accounting integrations. Franklin also provides solutions for on-chain operations, including grant and token distributions, and stablecoin off-ramping.
Target Audience
Franklin targets businesses of all sizes, from startups to larger enterprises, particularly those with global teams, those utilizing cryptocurrency payments, and those seeking to streamline their payroll and finance operations.
Features
- Automated tax reporting and filing for W2 employees and 1099 contractors
- Support for U.S. payroll, global contractor payments, and crypto payroll
- Vendor bill pay and customer invoicing capabilities
- Expense and invoice management
- Accounting integrations with QuickBooks Online
- On-chain solutions for grant and token distributions
- Stablecoin off-ramping functionality
- Automated journal entries and cryptocurrency to USD conversion for accounting
- Bulk execution for on-chain transactions
- W9 and W8 collection for contractors