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Crypto Payroll Company Franklin Raises $2.9M in Seed Round Led by Gumi Cryptos Capital and CMT Digital

Crypto payroll company Franklin, developed internally at Web3 marketing firm Serotonin, has raised $2.9 million in a seed round co-led by Gumi Cryptos Capital and CMT Digital, with backing from crypto notable Arca.

The project provides a tool for firms to make payments to employees and contractors in crypto across the world, including the United States, and offers tools to automate payroll expenses and tax filings for a selection of cryptocurrencies.

Franklin is built on the Ethereum mainnet and scaling solution Polygon. CEO Megan Knab said that payroll is one of the more complex types of financial transactions to solve in a crypto-native way.

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