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Franklin

Last updated: Apr 17, 2023

Franklin provides a tool for firms to make payments to employees and contractors in crypto, across the world, including the U.S. The project, which is built on the Ethereum mainnet and scaling solution Polygon, offers tools to automate payroll expenses and tax filings for a selection of cryptocurrencies.

Seed Round: $2.9 Million

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Overview

Project industry	Business Services & Consulting
Product type	Organization
Founded	United States

What is Franklin

Franklin is a tax compliant hybrid cash & crypto payroll service which allows businesses all over the world to pay their teams with more flexibility in a mix of fiat and cryptocurrencies. Intended for crypto-native and traditional startup/scale-up companies, Franklin helps to streamline back offices with key features including: batched transactions, multicurrency selection, and automated tax filings.

Driven by an experienced team of accounting professionals and technologists, Franklin’s mission is to solve inefficiencies, and eliminate the complexities and added costs associated with traditional payroll systems. Franklin is the second venture to launch out of web3 marketing firm and product studio Serotonin.

Serotonin is the leading web3 marketing firm and product studio specializing in companies both native and new to crypto. Founded in 2020 by Amanda Cassatt, Serotonin leverages expertise in crypto, DeFi, DAOs, NFTs and blockchain verticals to enable companies of all sizes to foray into web3 with an end-to-end approach to marketing, content creation, public relations, social media, event management, and recruitment. Serotonin’s partners include Polygon, Layer Zero, Decentraland, World of Women, Filecoin, and Protocol Labs, in addition to household names like Sotheby's, Vogue, and CAA.