Danish Fintech Franklin Raises $1M to Expand E-Commerce Finance Platform

Franklin, a Copenhagen-based fintech startup focused on e-commerce, has raised $1 million from existing investors, angels, and family offices to grow its team and product offerings. The company, which provides e-commerce businesses with high-limit payment cards, 0.5% cashback, and automated expense management, has reached €600,000 in ARR and nearly 100 customers since launching less than a year ago. With this funding, Franklin aims to further its mission of helping small and mid-sized online brands streamline financial operations and retain more revenue.