Start-up Franc secures R8-million in funding, to launch B2B offering

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Investment app developer Franc has raised R8-million in “seed extension” funding led by 4DX Ventures and is using the money launch a B2B offering.

Franc has raised R8-million in “seed extension” funding led by 4DX Ventures and is using the money launch a business-to-business offering.

was launched in 2018 as a “digital stokvel” by “university mates”, actuary Sebastian Patel and engineer Thomas Brennan , who was previously head of digital innovation at Discovery.Franc doesn’t impose investment minimums on its users, and they can invest as much as they want through the app.

 

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