Franklin Raises €1.6M Seed

Franklin, the Denmark-based finance platform designed specifically for e-commerce, has raised €1.6M in a seed round. The company specializes in providing payment cards optimized for high-volume ad spend while automating bookkeeping through AI-driven receipt matching.

Investors

The funding round was led by venture firm True Collective, with participation from a number of prominent angel investors.

Franklin Use of Funds

Franklin plans to use the new capital to deepen its AI capabilities, specifically focusing on the development of agentic finance tools. Additionally, the company will use the funds to grow its engineering and commercial teams as it scales into new markets.

About Franklin

Founded in 2024, Franklin provides a payment card and financial management platform for e-commerce businesses. Its product enables automated bookkeeping and financial reconciliation for over 250 Danish companies, with recent expansion into the Dutch market. The company is led by CEO and co-founder Nikolaj Bomann Mertz.

Funding Details

Company Website: https://hifranklin.com

Company: Franklin
Raised: €1.6M
Round: Seed
Funding Date: June 19, 2026
Lead Investor: True Collective
Additional Investors: Prominent angel investors
Software Category: Fintech
Source: https://www.finextra.com/pressarticle/110194/franklin-raises-funds-to-bring-agentic-finance-to-e-commerce-firms