Franklin

Overview

Franklin is a payroll and payments platform that handles U.S. payroll, global contractor payments, vendor invoices, and on-chain operations in both USD and crypto. It combines traditional payroll compliance (tax filing, benefits, W-2s) with native support for stablecoin and token payments.

The platform includes automated tax filing, benefit integrations, crypto off-ramping, and tools for grant and token distribution.

Features

• U.S. Payroll: Complete U.S. payroll with federal, state, and local tax compliance.
• Global Contractor Payments: Pay contractors worldwide in USD, stablecoins, or crypto.
• Vendor Invoice Management: Handle accounts payable with crypto or fiat payment options.
• Onchain Operations: Native support for blockchain-based financial operations.
• Dual Currency: Manage both USD and cryptocurrency payments side by side.
• Automated Tax Filing: Automatic federal, state, and local tax calculations and filings.
• Benefits Integration: Connect with health insurance, 401(k), and other benefit providers.
• Crypto Off-Ramping: Convert crypto to fiat automatically for compliant payments.
• Grant Distribution: Tools for distributing token grants and equity compensation.
• Token Distribution: Manage token airdrops and distribution campaigns.
• Stablecoin Native: Purpose-built for USDC and other stablecoin payments.
• Multi-Chain Support: Support for Avalanche and other major blockchain networks.
• Compliance Automation: Maintain compliance across all payment types.
• Audit-Ready Records: Complete documentation for financial audits.
• API Integration: Connect Franklin with existing accounting and HR systems.
• Real-Time Dashboard: Monitor all financial operations in one place.

Getting Started

To implement Franklin for your organization:

1. Company Setup: Create your Franklin account and configure:

   • Company information and tax IDs
   • Bank account connections
   • Crypto wallet connections
   • Payment preferences (USD, stablecoins, crypto mix)
   • Integration with accounting software

2. U.S. Payroll Setup: Configure employee payroll:

   • Add employees and compensation details
   • Set up direct deposit information
   • Enroll in benefits programs
   • Configure tax withholdings
   • Set payroll schedule (weekly, bi-weekly, monthly)

3. Contractor Management: Set up global contractor payments:

   • Add contractors with payment preferences
   • Configure payment currencies (USD, USDC, AVAX, etc.)
   • Set up automatic payments or approval workflows
   • Manage 1099s and international tax forms

4. Accounts Payable: Configure vendor payments:

   • Add vendors and payment methods
   • Set up invoice approval workflows
   • Choose payment types (ACH, wire, crypto)
   • Automate recurring vendor payments

5. Onchain Operations: Enable blockchain features:

   • Connect organizational wallets (Gnosis Safe, etc.)
   • Configure token distribution workflows
   • Set up grant vesting schedules
   • Enable crypto payment options

6. Launch: Run your first payroll and payments through Franklin.

U.S. Payroll

Franklin provides complete U.S. payroll capabilities:

Automated Payroll Processing: Run payroll on your schedule with automatic tax calculations.

Multi-State Support: Handle employees in all 50 states with state-specific compliance.

Tax Filing: Automatic federal, state, and local tax withholdings and filings.

Direct Deposit: Pay employees via ACH with instant funding options.

Pay Stubs: Digital pay stubs with detailed breakdowns.

Year-End Forms: Automatic generation of W-2s and other tax documents.

New Hire Reporting: Automatic new hire reporting to state agencies.

Franklin's payroll meets all U.S. compliance requirements and integrates directly with its crypto payment features.

Global Contractor Payments

Pay contractors worldwide flexibly:

Multi-Currency: Pay in USD, stablecoins (USDC, USDT), or cryptocurrencies.

Instant Payments: Blockchain-based payments settle in seconds, not days.

Lower Costs: Eliminate high international wire fees with crypto payments.

Contractor Portal: Self-service portal for contractors to manage payment info.

1099 Management: Automatic 1099 generation for U.S. contractors.

International Tax Forms: Handle tax documentation for global contractors.

Batch Payments: Pay multiple contractors in a single transaction.

This flexibility allows contractors to receive payment in their preferred currency while maintaining your compliance.

Vendor Invoice Management

Streamline accounts payable:

Invoice Capture: Digital invoice submission and automated data extraction.

Approval Workflows: Route invoices through customizable approval chains.

Flexible Payment: Pay vendors via ACH, wire, or cryptocurrency.

Recurring Payments: Automate regular vendor payments.

Crypto-Native Vendors: Pay Web3 service providers in their preferred crypto.

Payment Scheduling: Schedule payments for specific dates.

Reconciliation: Automatic matching of invoices to payments.

Franklin makes it easy to manage both traditional and crypto-native vendors.

Onchain Operations

Franklin's blockchain-native features:

Token Grants: Distribute token grants to employees with vesting schedules.

Equity in Tokens: Issue equity compensation in native tokens.

Airdrop Management: Execute token airdrops to community or customers.

Grant Vesting: Automate vesting schedules and cliff periods.

Multi-Sig Integration: Connect with Gnosis Safe and other multi-sig wallets.

Onchain Treasury: Manage organizational crypto treasury.

DAO Payments: Support for DAO contributor compensation.

These features make Franklin ideal for crypto-native organizations managing token-based compensation.

Stablecoin and Crypto Payments

Franklin is built for the stablecoin era:

USDC Native: First-class support for USDC on multiple chains.

Multi-Coin Support: Accept and pay in various cryptocurrencies.

Automatic Conversion: Convert crypto to fiat when needed for compliance.

Off-Ramping: Built-in tools to convert crypto to USD for traditional payments.

Market Rate Payments: Use real-time exchange rates for crypto compensation.

Tax Reporting: Proper tax treatment of crypto-based compensation.

Compliance: Maintain IRS compliance even with crypto payments.

Avalanche Integration

Franklin's platform supports Avalanche C-Chain:

AVAX Payments: Pay contractors and vendors directly in AVAX.

USDC on Avalanche: Leverage USDC on Avalanche for low-cost stablecoin payments.

Fast Settlement: Benefit from Avalanche's sub-second finality.

Low Fees: Avalanche's minimal transaction costs make frequent payments economical.

Token Distribution: Distribute Avalanche-based tokens to recipients.

Treasury Management: Manage AVAX and Avalanche assets in organizational treasury.

This makes Franklin a practical option for teams building on Avalanche who need to handle payroll and payments in one place.

Benefits Integration

Franklin connects with major benefit providers:

Health Insurance: Integration with health insurance providers and HSA/FSA.

Retirement Plans: Connect with 401(k) providers for automatic contributions.

Commuter Benefits: Manage pre-tax transportation benefits.

Life Insurance: Integrate life and disability insurance deductions.

Custom Benefits: Configure unique benefits and deductions.

Benefit Enrollment: Digital enrollment during onboarding.

Benefit Costs: Track and report benefit costs accurately.

Tax Compliance

Franklin handles tax compliance:

Federal Taxes: Automatic calculation and filing of federal payroll taxes.

State Taxes: Multi-state withholding and filing in all 50 states.

Local Taxes: City and county tax handling where applicable.

Quarterly Filings: Automatic 941, 940, and state quarterly filings.

Year-End Forms: W-2, 1099, and other year-end tax document generation.

Tax Deposits: Automatic payroll tax deposits to meet IRS deadlines.

Crypto Tax Reporting: Proper reporting of cryptocurrency compensation.

Audit Support: Documentation and support for payroll tax audits.

Platform Integrations

Franklin connects with essential tools:

Accounting: QuickBooks, Xero, NetSuite for financial sync.

HR Systems: BambooHR, Rippling, Gusto for employee data.

Wallets: Gnosis Safe, MetaMask for crypto operations.

Banking: Connect business bank accounts for fiat operations.

Time Tracking: Harvest, Toggl for hourly employee time.

Expense Management: Expensify, Ramp for reimbursements.

Communication: Slack, Discord for team notifications.

Use Cases

Franklin serves diverse modern companies:

Web3 Startups: Pay team in mix of USD and tokens while maintaining compliance.

Crypto Companies: Manage payroll and payments for crypto-native businesses.

Remote-First Companies: Pay distributed teams globally in their preferred currencies.

DAOs: Enable decentralized organizations to handle contributor payments compliantly.

Traditional Companies Adopting Crypto: Gradually introduce crypto payments while maintaining USD payroll.

Venture-Backed Startups: Manage equity grants, token compensation, and cash payroll together.

Global Teams: Pay U.S. employees and international contractors from one platform.

Pricing

Franklin offers transparent pricing:

• Payroll Pricing: Per-employee per-month for U.S. payroll
• Contractor Payments: Fees based on payment volume
• Platform Fee: Monthly fee for access to all features
• Transaction Fees: Small fees on crypto payments
• No Setup Fees: Free to get started
• Custom Enterprise: Tailored pricing for large organizations

Contact Franklin for pricing based on your team size and payment volumes.

Compliance and Security

Franklin maintains high standards:

• SOC 2 Type II: Independently audited security controls
• Bank-Level Security: Multi-layer security protecting financial data
• IRS Compliance: Full compliance with federal payroll tax requirements
• State Compliance: Licensed in all required states for payroll
• Data Encryption: End-to-end encryption for sensitive data
• Audit Trails: Complete records for compliance and audits
• GDPR Compliant: Privacy compliance for international contractors
• Insurance: E&O insurance and cybersecurity coverage

Competitive Advantages

Stablecoin Native: Built from ground up for crypto and stablecoin payments.

Full-Stack Solution: Payroll, contractor payments, AP, and onchain ops in one platform.

Compliance + Crypto: Maintain compliance while embracing crypto payments.

Token Distribution: Unique capabilities for grant and token distribution.

Modern UX: Clean, intuitive interface unlike legacy payroll software.

Fast Implementation: Get started in days, not weeks.

Flexible Payments: Support USD, stablecoins, and crypto in one platform.

Blockchain-Native: Deep integration with Avalanche and other networks.

Customer Support

Franklin provides support including:

• Responsive Support: Fast response times via email, chat, and phone
• Onboarding Assistance: Guided setup and migration support
• Tax Expertise: Access to payroll tax specialists
• Knowledge Base: Documentation and guides
• Training: Platform training for finance and HR teams
• API Documentation: Developer docs for custom integrations
• Status Updates: Real-time platform status and maintenance notifications

Why Choose Franklin

Modern Platform: Built for 2024+, not retrofitted from legacy systems.

Crypto-Ready: Native support for stablecoins and crypto, not an afterthought.

All-in-One: Eliminate multiple tools for payroll, contractor payments, and AP.

Compliance: Never compromise on tax and regulatory compliance.

Flexibility: Support team preferences for USD or crypto payments.

Transparency: Clear pricing with no hidden fees.

Forward-Thinking: Platform evolves with the changing nature of work and money.