3 years ago

Tranch Secures $100 Million to Expand B2B BNPL Platform to the US

  • Tranch, a London-based fintech startup specializing in business-focused buy now pay later (BNPL) solutions, has secured $100 million (£81 million) in funding to expand its operations into the US market

  • The Series A funding round was led by Soma Capital, with participation from FoundersX and a credit facility from Clear Haven Capital Management

  • Tranch's platform enables software as a service (SaaS) companies to offer their clients flexible payment options for purchases up to $500,000 (£405,000), breaking down the costs into smaller installments

  • The company aims to leverage the investment to expand its US presence and continue its growth trajectory.

      • ProblemTechnology

      "SaaS and other service providers like law firms, marketing agencies and consultancies generate billions of dollars worth of large invoices on terms that don’t work for them or their customers, simply through lack of choice and innovation."

      Solution

      "Tranch provides software as a service (SaaS) companies with BNPL financing, meaning clients can break up the associated costs into smaller repayments. Tranch divides purchases of up to $500,000 (£405,000) into BNPL payment plans."

      Covered on