Frankit Secures Investment for Franchise Supply Chain Innovation
Reading Time: < 1 minuteThe franchise supply chain curation platform, Frankit, has secured investment through the ‘AI Angel-CNTTECH Private Investment Fund No. 2’, established by CNTTECH and the ‘AI Angel Club.’ The investment amount remains confidential.
Frankit operates a one-stop platform that resolves the inconveniences of traditional multi-channel ordering systems by establishing a dedicated mall for franchises. This platform facilitates the purchase, logistics management, and administration of all items in one place.
Frankit offers a curation service that enables franchise headquarters to select and curate products from suppliers, effectively matching them to create a specialized mall. The company plans to enhance this service by incorporating a wide range of suppliers, including those for disposables and food ingredients, enabling both parties to conduct transactions conveniently through Frankit. Franchisees can easily order essential operational items such as uniforms, disposables, and food ingredients through their dedicated mall.
Frankit is strategically expanding its service offerings in both the B2B and B2C sectors with the goal of becoming an indispensable platform for franchises.
Jeon Hwa-seong, CEO of CNTTECH, expressed his optimism, stating, “Frankit is anticipated to grow into a crucial platform that bridges companies and franchises within the franchise industry.”
Sangwon Jeong, CEO of Frankit, shared his vision, stating, “We aim to foster mutual growth with various businesses in the franchise industry by transforming franchisee purchase and logistics management into effective curation solutions grounded in data.”
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