# Frankie Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frankie-financial-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.frankieone.com
- Total disclosed funding: $33M
- Latest round: Series A (Nov 29, 2022)
- Investors on record: 9

## About

Frankie Financial Pty Ltd specializes in enhancing customer onboarding and fraud prevention through a unified API that connects with various global data sources, ensuring compliance and security for businesses.Founded in 2018 in Melbourne, Australia, Frankie Financial Pty Ltd focuses on streamlining customer onboarding processes. The company has engaged in three deals, with its latest funding round being a AUD 23.00 mn Series A, led by AirTree Ventures and Greycroft Partners. The firm has raised a total of AUD 23.00 mn. The company was co-founded by Aaron Chipper and Simon Costello, who also serves as CEO.FrankieOne offers a comprehensive suite of solutions designed to streamline customer onboarding and enhance fraud prevention across various sectors. Their core product is a unified API that integrates with numerous global vendors and data sources, enabling businesses to effortlessly activate capabilities such as identity verification (IDV), biometrics, and transaction monitoring. By leveraging this technology, clients can define custom risk profiles and employ dynamic workflows that automate decision-making based on real-time risk assessments of individuals or businesses. Their services cater primarily to highly regulated industries, including Tier 1 financial institutions, which depend on FrankieOne for secure onboarding and ongoing monitoring. The company serves customers across key geographical markets, including North America, Europe, and Asia, addressing the evolving needs of businesses in managing risk and compliance effectively.FrankieOne generates revenue through a subscription-based model, providing access to its suite of services to businesses in need of robust onboarding and fraud prevention solutions. Clients typically enter into partnerships that allow them to utilize FrankieOne’s API and other tools, resulting in a transaction structure that emphasizes business-to-business interactions. The pricing plans are tailored to the specific needs of each client, reflecting the scale and complexity of their operations. Flagship services such as identity verification and transaction monitoring are central to their offering, with costs aligned to the features and level of integration required by the client. This structured approach enables FrankieOne to maintain strong relationships with its customers while addressing their compliance and security requirements effectively.In November 2022, Frankie Financial Pty Ltd raised AUD 23.00 mn in Series A funding, co-led by AirTree Ventures and Greycroft Partners, with additional participation from Tidal Ventures and Apex Capital. The company intends to use this funding to scale its operations and expand into North America, Europe, and the Asia Pacific regions. This strategic expansion is aimed at enhancing their market presence and meeting growing demands for their onboarding and fraud prevention services.

## Funding rounds

- Series A, Nov 29, 2022, $16M — Greycroft, AirTree Ventures, Apex Capital, YZi Labs, Tidal Ventures, Kraken Ventures
- Series A, Aug 19, 2021, $15M — Greycroft, Reinventure, AirTree Ventures, Apex Capital, Tidal Ventures, Mantis, 20VC
- Seed, Jan 15, 2020, $2.1M — Tidal Ventures

## Investors

- Tidal Ventures (https://capitalatlas.ai/funds/tidal-ventures) — Seed, Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Reinventure (https://capitalatlas.ai/funds/reinventure) — Series A
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series A
- Apex Capital — Series A
- Mantis (https://capitalatlas.ai/funds/mantis) — Series A
- 20VC (https://capitalatlas.ai/funds/20vc) — Series A
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Series A
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Series A