Franklin

Overview

Franklin is a next-generation payroll and payments platform purpose-built for the stablecoin era, enabling businesses to manage their entire financial operations—from U.S. payroll and global contractor payments to vendor invoices and onchain operations—all in both USD and cryptocurrency. By combining the compliance and reliability of traditional payroll with the efficiency and flexibility of blockchain-based payments, Franklin provides a comprehensive solution for companies operating in the intersection of traditional business and Web3.

With automated tax filing, benefit integrations, crypto off-ramping, and specialized tools for grant and token distribution, Franklin streamlines financial operations while keeping compliance, speed, and global scale at the core. The platform is designed for forward-thinking companies that want to embrace stablecoins and crypto payments while maintaining the professionalism and regulatory compliance required for serious business operations.

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: Seamlessly manage both USD and cryptocurrency payments.
• 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 while integrating seamlessly with crypto operations.

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 integration positions Franklin as the payroll solution for Avalanche ecosystem projects.

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 ensures comprehensive 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 seamlessly.

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

Customer Support

Franklin provides comprehensive support:

• 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: Comprehensive 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.

Conclusion

Franklin represents the future of payroll and payments—a platform that seamlessly bridges traditional business operations with the efficiency and flexibility of blockchain technology. By enabling companies to manage U.S. payroll, global contractor payments, vendor invoices, and onchain operations all in one place with support for both USD and cryptocurrency, Franklin eliminates the need for multiple disconnected tools while maintaining full compliance. With automated tax filing, benefits integration, and native support for blockchain networks like Avalanche, Franklin provides the infrastructure that modern, forward-thinking companies need to pay their teams and vendors efficiently, compliantly, and flexibly. Whether you're a crypto-native startup distributing token grants or a traditional company exploring stablecoin payments, Franklin provides the professional, compliant platform to manage your financial operations in the stablecoin era.