Franchain streamlines payment collection for franchisors, allowing them to efficiently gather royalties and one-off payments from operators worldwide. Unlike traditional methods such as standard invoicing or direct debits, Franchain offers a modern solution that enhances control for franchisors and flexibility for operators. We have offices in Canada, the United Kingdom, and the United Arab Emirates.
We operate from our London office at [XX]. Our company number is [XX] and our ICO (Information Commissioner's Office) registration is [XX].
The UK Modern Slavery Act 2015 (MSA) aims to address slavery by urging organizations to prevent modern slavery within their operations. Section 54 of the MSA mandates that commercial entities meeting specific criteria, such as operating in the UK and surpassing a global turnover of £36 million, must publish an annual anti-slavery and human trafficking statement. Franchain Technologies Limited is dedicated to combating slavery and commits to preventing any involvement in, facilitation of, or support for human trafficking or slavery within its operations. This statement serves to confirm our compliance with the MSA, reiterate our stance on modern slavery, and outline the measures we undertake to ensure that our approach is effectively implemented. While this statement is required in the UK, our practices remain consistent worldwide.
Franchain Technologies Limited has a number of controls in place to ensure that we do not engage in activities that may go against our stance on human rights or modern slavery. Some of these are outlined below.
Franchain uses a variety of suppliers who provide professional services such as legal advice, consultancy services, and accounting services. We also use suppliers who provide hardware and software, including computer equipment, software licenses, verification services, and cloud-based data storage services. The majority of our suppliers are located in the same regions as our offices - Europe, North America, and Australia.
As a franchise payment technology business, with the majority of our suppliers being software and professional service providers, our human rights and modern slavery risk profile is relatively low. Nevertheless, all suppliers are subject to our Supplier and Outsourcing Policy. This requires that all vendors are vetted and subject to due diligence which varies depending on their risk categorization.
Franchain also serves thousands of clients. The majority of these are located within low or medium risk geographies and are subject to due diligence to ensure that they are within the risk appetite of the company. Only a small proportion of our active client portfolio are located in high-risk geographies, and in most cases, these clients are subject to enhanced due diligence.
One of our core values is to act with integrity. This permeates everything we do as a company, including how we act in our business relationships. This means we will protect and maintain all internationally recognized human rights with respect to our 750+ employees, the communities in which we operate, and the communities within which our supply chains operate globally. If Franchain detects that a party with which it has a relationship is committing human rights or modern slavery offenses, we will terminate our relationship with the entity immediately.
Human rights and modern slavery concerns about any of our suppliers, clients, or other parties can be reported to us via the support center portal and we promise to investigate these fully.
Franchain Technologies Limited’s Board of Directors reviewed and approved this statement and, as a declaration of our commitment to address and prevent modern slavery within our business and our supply chains, Jonathan Bullough signed this statement on behalf of the Board of Directors.
Jonathan Bullough
Founder & Chief Executive Officer
Franchain Technologies Limited
For further information, please contact us at privacy@franchain.com.
