Franc

Franc is a South African digital wealth platform for individuals and businesses who want to save, invest, and optimize cash reserves with guided strategies designed for beginners, experienced savers, and corporate treasuries.

Key capabilities include:

• Goal-based investing with a guided setup, users answer a few questions and get a recommended savings or investment strategy aligned to their goals and risk preference.
• Savings Account for flexible saving with high interest and no lock-in period, plus a live interest tracker to show growth.
• Investment products for long-term planning, including Investment Goals, a Tax-Free Savings Account (TFSA), and a Child Account for saving and investing for a child’s future.
• Corporate Treasury & Employee Wellness Tools built explicitly for businesses to automate corporate cash reserve investments, optimize yields, and deploy fractional financial wellness packages to their staff.
• Withdrawals on demand, with stated timelines of 2 to 5 business days for standard withdrawals and 1 to 2 business days for quick withdrawals.

Available on Web, Android, and iOS.

It is built for South African consumers and businesses, including first-time investors, families saving for children, corporate treasury operations managers, and companies seeking employee financial wellness benefits with clear fee visibility.

Notable in the local market context, it is regulated by the FSCA as an authorised Financial Services Provider (FSP No. 49998), states that investments are held with licensed providers in the user’s name under the Collective Investment Schemes Control Act, and lists bank-level security measures such as biometric security and cloud-based encryption.