Diligence memo · auto-generated · as of July 2, 2026
Franc
Franc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Franc operates in Fintech, based in Africa. 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.
Sub-sector tags: fintech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Franc has raised $300K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $300K on 2020-07-07.
Most recent recorded round closed around 2020-07-07.
Valuation (modeled)modeled
Provath models Franc at approximately $10M (range $259K–$82M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.21× the median modeled value of Seed Fintech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 6.0 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 68% of Fintech peers (1063 compared).
Modeled value ranks above 73% of those peers.
Closest niche peers: Paymob, Alude Holdings Ltd., Stitch, Chari, Diool.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.