25 January 2023

B2B BNPL platform Tranch raises $100m

Written By FinTech Alliance in FinTech

B2B BNPL platform Tranch raises $100m

Tranch, a buy now, pay later platform for SaaS sellers and services providers, has raised $100m in seed equity and debt funding

In Brief:

The funding round was led by Soma Capital and FoundersX. Additional institutional investors participated in the round, including several US and UK fintech founders. The funding round includes a credit facility from Clear Haven Capital Management.

Tranch was founded in London in 2021 by Philip Kelvin and Beau Allison, former CFO and head of engineering respectively of PropTech startup Trussle

Using Tranch, SaaS and services providers can be paid upfront while offering their customers flexible payment options up to 12 months

What does this mean?

Philip Kelvin, Co-founder & CEO of Tranch, comments: “Against this challenging macroeconomic backdrop, buyers and suppliers have to ensure they can optimise their working capital cycle, and B2B BNPL is a common-sense way to achieve that. With our new investors and substantial credit facility in place, we’re in a great position to continue our growth in the US market out of our New York office."

Read more here

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in FinTech

Finance apps are in ‘need of improvement’, says a quarter of Brits

04 November 2024

A recent survey by UK mobile specialists Apadmi reveals that ...

Barclays acquires Tesco Bank

04 November 2024

Barclays Bank UK PLC has completed the acquisition of Tesco ...

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

04 November 2024

fundcraft has increased its Series A funding to €11 million, ...

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

01 November 2024

Mollie, a leading financial service provider, has partnered with Hyvä, ...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

FinTech Connect 2024 - The Global FinTech Ecosystem . Connected.

04 December 2024 - 05 December 2024

12:00 AM - 12:00 AM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free
Finnovate Europe

Finnovate Europe

25 February 2025

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

£1,699.00