Franzy, a platform designed to transform the franchising industry, launched after raising $1 million in pre-seed funding. Powered by AI, Franzy streamlines the process of buying a business. And it offers aspiring entrepreneurs a user-friendly and transparent platform to explore and invest in franchising opportunities.
With 3,000+ participating franchise brands, Franzy matches users with franchising opportunities based on their interests, investment level, and location – making the process four times quicker than traditional sourcing methods. Franzy also solves the challenging due diligence process of typical franchising by offering financials, Franchise Disclosure Document data, franchisee testimonials, and other information.
Smereczniak had also previously founded LaundroLab–a $100 million franchise business–with $30 million in venture capital, scaling it to over 100 licenses sold and more than 25 stores opened. He founded Franzy in response to the obstacles he faced in his franchise purchases and sales. Most notably, Franzy enables users to bypass the loosely regulated franchise broker market, notorious for high commissions and opacity.
Franzy’s goal is to create one million entrepreneurs. The platform’s Franzy Fit Score utilizes AI to connect aspiring business owners with franchise brands that align with their personal, professional, and financial goals. And the proprietary scoring system analyzes thousands of data points to predict the likelihood of success for each user-franchise pairing.
KEY QUOTE:
“Franchising has a higher success rate than starting a business from scratch. We’re giving aspiring entrepreneurs the tools and resources they need to leave their nine-to-five and pursue a proven business model. We want to do for franchising what Zillow has done for real estate.”
– Alex Smereczniak, founder and CEO of Franzy
