Copenhagen-based fintech Franklin has raised €1.6 million in seed funding, equivalent to DKK 12 million, in a round led by True Collective.
Franklin offers a payment card designed for e-commerce companies, with features aimed at businesses managing high advertising spend. Its product includes cashback on business expenses and AI tools that automatically collect receipts and match them to transactions from platforms such as Meta, Google and TikTok, helping automate bookkeeping.
The company said the new funding will be used to deepen its focus on what it describes as agentic finance, with AI becoming a core layer in how customers manage their finances through the platform.
Franklin says it already serves more than 250 companies in Denmark and has also begun expanding into the Netherlands.
Franklin offers a payment card designed for e-commerce companies, with features aimed at businesses managing high advertising spend. Its product includes cashback on business expenses and AI tools that automatically collect receipts and match them to transactions from platforms such as Meta, Google and TikTok, helping automate bookkeeping.
The company said the new funding will be used to deepen its focus on what it describes as agentic finance, with AI becoming a core layer in how customers manage their finances through the platform.
Franklin says it already serves more than 250 companies in Denmark and has also begun expanding into the Netherlands.