# Franklin Payroll

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/franklin-payroll

- Industry: Software
- Headquarters: US
- Website: https://www.hellofranklin.co/
- Total disclosed funding: $2.9M
- Latest round: Seed (Apr 4, 2023)
- Investors on record: 6

## About

Based in the US, Franklin Payroll operates as a software-based company that helps small to mid-size businesses to pay their employees in cryptocurrency. The company was Co-founded by Eric Brown (COO), Megan Knab (CEO), and Shaan Savarirayan (CTO). In April 2023, Franklin Payroll raised USD 2.9 million in seed funding co-led by CMT Digital, gumi Cryptos Capital, and Arca. 

The firm offers a software platform that offers hybrid crypto and cash payroll services compliant with tax regulations for businesses and startups. It integrates with QuickBooks and customers primarily use stablecoins for transactions and crypto payments for employee bonuses. The platform also offers batched transactions, multicurrency options, and automated tax filings. Moreover, Franklin can process transactions in U.S. dollars within two business days. It offers services for US employees, global employers, and accounting firms.

The company plans to use the funding to expand its platform to meet the full-stack payroll, compliance, and benefits needs of Web3.

## Funding rounds

- Seed, Apr 4, 2023, $2.9M — Portage Capital, CMT Digital, Gumi Cryptos Capital, Arca, Sfermion, Synergis Capital

## Investors

- Portage Capital (https://capitalatlas.ai/funds/portage-capital) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Seed
- Arca — Seed
- Sfermion (https://capitalatlas.ai/funds/sfermion) — Seed
- Synergis Capital (https://capitalatlas.ai/funds/synergis-capital) — Seed