Fintech Franchise Network

About Fintech Franchise Network

Based in Itasca, Illinois, Fintech Franchise Network (FFN) operates as a provider of fintech consumer lending franchise opportunities. The company was established in 2022, founded by Glenn Hafner who serves as the CEO. FFN was created as an expansion channel for Bright Side Loans, utilizing a non-prime lending platform developed by Greg Fasana. The leadership team also includes Chris Jerzewski as COO and Sandeep Devagiri as Chief Data Scientist, who, along with Hafner, bring decades of experience from major consumer lending brands.

FFN's business model is centered on offering virtual lending branch franchises to serve the non-prime consumer market. This approach aims to foster better customer relationships and an ownership mentality among franchisees, which the company views as a strategic advantage. Franchisees are equipped with a platform that integrates applied data science, custom analytical models, and workflow management tools covering the entire customer lifecycle. This system is designed to provide strategic funding and small loan solutions to individuals in the Alternative Financial Services (AFS) market. Revenue is generated through franchise operations, with the customer-facing brand being Bright Side Loans, which also functions as a testing ground for FFN.

In March 2023, the company announced the successful closing of an $18 million initial capital round from two strategic partners. A significant portion of these funds was allocated for lending capital to originate non-prime consumer loans, with the remainder for working capital. FFN has outlined a five-year plan to establish 28 virtual lending franchises, projecting a future valuation of over $300 million.