Companies · Fintech
Africa · Fintech · founded 2018
Diligence memoA one-page analyst read on Franc — recommendation, valuation, rhythm, risks.→Franc looks under-valued against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Franc is one of 1063 Fintech companies tracked from Africa, on record since 2018. By capital raised it ranks mid-pack (ahead of 68% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
SA fintech startup Franc bags $300k as part of wider seed funding round 0 By Tom Jackson on July 7, 2020 News , Startups South African fintech startup Franc has raised US$300,000 in funding over the first half of 2020 as part of a wider round of seed investment. Launched in May 2018 by Sebastian Patel and Thomas Brennan, Franc is an investment robo-advisor that helps people who have never invested before access the best cash and equity funds in the market.
SA fintech startup Franc bags $300k as part of wider seed funding round 0 By Tom Jackson on July 7, 2020 News , Startups South African fintech startup Franc has raised US$300,000 in funding over the first half of 2020 as part of a wider round of seed investment. Launched in May 2018 by Sebastian Patel and Thomas Brennan, Franc is an investment robo-advisor that helps people who have never invested before access the best cash and equity funds in the market.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 68% of sector peers (real $). Modeled value above 73% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #33 of 34.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Paymob | Seed | $3.5M | $116.7M | 2.39× |
| Alude Holdings Ltd. | Seed | $3.3M | $110.6M | 2.27× |
| Stitch | Seed | $4.0M | $102.5M | 2.10× |
| Chari | Seed | $5.0M | $95.2M | 1.95× |
| Diool | Seed | $3.5M | $89.7M | 1.84× |
| Planet42 | Seed | $2.4M | $84.5M | 1.73× |
| Fan Payment Solutions LP | Seed | $2.1M | $74.0M | 1.52× |
| Indicina, Inc. | Seed | $4.5M | $73.6M | 1.51× |
| Kwara | Seed | $4.0M | $70.0M | 1.44× |
| Workpay | Seed | $2.1M | $69.8M | 1.43× |
| Allied Payment Network Inc. | Seed | $9.1M | $65.9M | 1.35× |
| NowPay | Seed | $2.1M | $64.5M | 1.32× |
| Franc this company | Seed | $300K | $10.5M | 0.21× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $300K | 2020-07-07 | $1.5M | $10.5M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Franc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| MarketForce | Fintech | Seed | $350K | $12.3M | same sector · same stage |
| Paymenow | Fintech | Seed | $230K | $8.1M | same sector · same stage |
| LeaseSurance | Fintech | Seed | $161K | $1.2M | same sector · same stage |
| TurnStay | Fintech | Pre-Seed | $300K | $1.4M | same sector |
| 17 Central Banker/Last Rendezvous, Llc | Fintech | Pre-Seed | $298K | $13.1M | same sector |
| Hizo | Fintech | Seed | $100K | $315K | same sector · same stage |
| Zanifu | Fintech | Seed | $1.0M | $16.5M | same sector · same stage |
| Revio | Fintech | Seed | $1.1M | $12.1M | same sector · same stage |
See where Franc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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