ACFN Franchised Inc.

Creating opportunities for entrepreneurs | Hundreds of franchises to date

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Security Type
Crowd SAFE
Min Investment
Offering Date
October 05, 2022
Expected Close Date
April 20, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

220 franchisees in 46 states serving 2700 corporate clients nationwide
Cash-flow positive with $15M+ in annual revenue
Award-winning & nationally recognized with Bloomberg TV feature
Management team has 26 years of experience, 19 years in franchising
Largest provider of ATM services to hotels in U.S. w/ 1800 hotel customers
Current market conditions w/ inflation & high fuel cost favor ACFN’s model
Now scaling and acquiring competitors to achieve rapid growth

Management Team / Advisory Board Bios

Jeffrey Kerr
Founder and CEO
Entrepreneur & founder of ACFN, the 7th fastest growing private company in Silicon Valley in 2000 and 4th fastest in 2001. Launched ACFN’s franchise in 2003 nationwide to significant growth and accolades over 19 years.

Avi Blankroth
Co-Founder and Executive VP
Successful serial entrepreneur. Founded natural food supermarket, successfully exited from a national credit card processing company in the 1990s, and grew another 935 distributor network in Australia before co-founding ACFN Franchised Inc. in 2003.

Dana Kerr
Secretary of Corporation and Network Compliance Manager
Serial business manager with over 37 years of experience holding supportive and managerial roles for a wide range of enterprises.

Gershon Yakir
VP of Operations
Engineer and entrepreneur with extensive global operations and marketing experience, including for the Israeli Navy, a telecom company in southeast Asia, and IP and data communications company in New Jersey. Joined ACFN in 2010.

Jim Diltz
VP of Sales and Marketing
Progressed from top salesperson to district manager at Alsco, Inc., accomplishing #1 district in growth and profitability in Denver. He achieved the same in San Francisco and grew to oversee 5 districts in the Bay Area before joining ACFN in 2006.

Nida Crisostomo
CPA and MBA, with 25 years of accounting, teaching, and reporting experience in higher education, public, private, and non-profit settings.

Roxana LaChance
VP Market Research
Experienced business and marketing professional, with over 12 years spent at the helm of ACFN’s Market Research department.
Amount Raised : $279,980
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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