CoverPanda

???????????????????? ???????????????? ???????????? ?? Every month, I step back to reflect on the progress we’re making at CoverPanda, not just in product development, but in helping both franchise brands & multi-unit franchisees scale smarter. What started as a simple solution for our own franchise portfolio has quickly turned into something much bigger. Here's what we've been up to in February: ARR Growth – Up 12% from January User Growth – Paid adoption jumped 25% New Feature – Launched Franchise Unit Onboarding Platform IFA Conference – Connected with top franchise brands Industry Recognition – FranDawgs called CoverPanda a “Super App” We're moving fast, learning even faster, and committed to building something franchise operators actually want. Want early access to updates, feature releases, and potential investment opportunities? ???????? ?????? ????????????????. https://lnkd.in/gDieNSwJ

We were treating our best and worst-performing stores the same… until we ran the numbers. It turns out, not all effort delivers the same ROI. - 1% improvement in our lowest-performing store? → +$??????/?????????? - 1% improvement in our best-performing store? → +$??,??????/?????????? Same effort. 5X the impact. That changed everything about where we invest our time, energy, and capital. Multi-unit franchisees: Where are you focusing your efforts where to drive the biggest return on your portfolio? What data are you using to measure these decisions? Let’s talk.??

Franchisee2Franchisee pro tip??? All about family! We were beyond excited to see brothers Brad Kunz and Mark Kunz and their families have the grand opening of their first Swig location in Brentwood Tennessee this past Monday! On top of having excellent facial hair, they have an excellent family support system. Starting a multi-unit franchise venture in another state is a big risk and takes a lot of time and sacrifice (like a lot). Along with their wives Jasmine K. and Madison Kunz they are ready to take on 15 locations and delight the entire Nashville metro with sweet drinks and treats. We got in touch with them in late January as they were just weeks away from opening their doors. Though a little stressed with last minute to-dos, we were able to help them: ?? Set up their payroll in just a few days. ??Get them started on franchise specific bookkeeping/financial reporting. ?? Bind insurance policies and help them meet their lease’s requirements. Days before opening Mark said: “You guys removed a huge weight from us so thank you. I think all Swigs should be using CoverPanda” Franchising can’t be done alone! Even A-players like these 4 franchisees need the full support of family and other vendors so they can focus on growing their portfolio the right way. If you are in the Nashville area go check out their Brentwood location now and their Spring Hill location in about a month! Morgan Wallen it's worth a look?? Show the Kunz fam some love and congratulations!??? #franchising #swig #familyfirst #savoryfund #coverpanda

We just secured?$500,000 in convertible note. This is the first outside capital we’ve taken to accelerate CoverPanda’s growth. Until now, we’ve bootstrapped the business. But the demand is clear:?Franchise brands need PE-ready financials, and much more! Scaling from a few locations to a national brand isn’t just about operations, it’s about?financial structure. Without standardized reporting, uniform accounting, and automation, growth turns into chaos. That’s why Coverpanda is building the financial backbone for hyper-growth franchise brands by delivering: Standardized onboarding?for every new franchise unit Uniform financial practices?from day one Automated systems?designed for scale ARR is growing +40% MoM Franchise brands want private equity money, but their financials aren’t PE-ready. We’re changing that. Taylor Byington ?? and Kayden Thomson If you're a multi-unit operator or franchise leader, what’s been your biggest challenge in scaling financial systems?

Franchisee2Franchisee pro tip!! (Big grand opening today) We couldn't be more excited for Angela and Vincent Cannella to open their first Crispy Cones location in Palm Beach Gardens, Florida! ?? We've worked with them for the last 6+ months and have loved problem-solving together. They wanted to share some things they learned and a piece of advice for fellow franchisees... ??"One thing we learned while opening our store was the importance of building a strong team from day one. CoverPanda was there to guide us from applying for SBA loan to setting up payroll. If we could give one piece of advice to other franchisees, it would be to understand your state and local governments requirements for running a small business in their jurisdiction."?? Being the first franchisee for a brand in a new state is tricky, but nothing they couldn't handle. Congrats to them and their team for their grand opening today! If you are in the Palm Beach area, make sure you go and support them...and try a delicious Crispy Cone! Show the Cannellas some love and congratulations!! ?? ?? ?? #franchising #grandopening #crispycones #collaboration #florida

I’m trying to be better about sharing updates on CoverPanda more consistently! Here’s what’s new in Q4: - We’ve grown to 650+ users on the platform - We’ve launched our franchisor product to beta users (see vid) - CoverPanda acquired Krokit ???from the The Wolf of Franchises & team? - We’re now beginning the fundraising process Plenty of losses I can share, but that's for another day ?? For my network- what VCs should we be meeting with? We have an aggressive product roadmap to close out 2024, and excited to share the journey!