About Frain
Frain is a company based in Lagos (Nigeria) founded in 2020 by Emmanuel Aina and Subomi Oluwalana.. Frain has raised $973 thousand across 2 funding rounds from investors including Y Combinator, Rally Cap Ventures and Musha Ventures. Frain offers products and services including Webhook Service. Frain operates in a competitive market with competitors including Svix, Convoy, Hookdeck, Webhooks and HookActions, among others.
- Headquarter Lagos, Nigeria
- Founders Emmanuel Aina, Subomi Oluwalana
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$973 K (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Jan 24, 2022
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Investors
Y Combinator
& 9 more
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Employee Count
Employee Count
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Products & Services of Frain
Frain offers a comprehensive portfolio of products and services, including Webhook Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers secure, reliable, and scalable webhooks infrastructure for businesses.
Funding Insights of Frain
Frain has successfully raised a total of $973K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $500,000
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First Round
First Round
(20 Jan 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - Frain | Valuation | Y Combinator |
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| Jan, 2022 | Amount | Seed - Frain | Valuation | Rally Cap Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Frain
Frain has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Y Combinator, Rally Cap Ventures and Musha Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Fintech startups are funded by Rally Cap Ventures angel network.
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Founded Year | Domain | Location | |
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Seed-stage tech investments are focused on Europe and the US.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Frain
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Frain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Frain Comparisons
Competitors of Frain
Frain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Svix, Convoy, Hookdeck, Webhooks and HookActions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based webhook management solutions are provided for developers.
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| domain | founded_year | HQ Location |
Cloud-native webhook management and infrastructure monitoring solutions are offered.
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| domain | founded_year | HQ Location |
Tools for developing, testing, and managing webhooks are provided.
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| domain | founded_year | HQ Location |
Webhooks are managed and proxied via a secure platform.
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| domain | founded_year | HQ Location |
Webhook management solutions are offered via a developer CLI.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Frain
When was Frain founded?
Frain was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Frain located?
Frain is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Frain?
Subomi Oluwalana is the current CEO of Frain. They have also founded this company.
Is Frain a funded company?
Frain is a funded company, having raised a total of $973K across 2 funding rounds to date. The company's 1st funding round was a Seed of $473K, raised on Jan 20, 2022.
What does Frain do?
Frain was founded in 2020 in Lagos, Nigeria, as a software platform focused on webhook infrastructure. Security, reliability, and scalability are delivered through its services, which enable event filtering and debugging for transmission to various applications. Deployment is facilitated across any environment, with support for sending events from languages including JavaScript and Ruby. Operations center on backend event management in the tech sector.
What products or services does Frain offer?
Frain offers Webhook Service.
Who are Frain's investors?
Frain has 10 investors. Key investors include Y Combinator, Rally Cap Ventures, Musha Ventures, Future Africa, and Eric Idiahi.