3 years ago

Treyd Raises $10.5 Million to Expand BNPL Services to the UK

  • Swedish B2B buy now pay later (BNPL) company Treyd has raised $10.5m (£8.4m) in a Series A funding round led by Nineyards Equity to expand into the UK

  • The expansion will see Treyd operate out of Stockholm and London

  • Treyd provides BNPL services for international supply chains, paying suppliers and giving companies 120 days to pay the balance

  • The Series A round saw additional capital come from Zenith Venture Capital, J12, Njord Ventures, DHS Ventures, and a slew of high-profile angel investors, including Tetra Pak heir Magnus Rausing

  • Initial investor Antler provided a follow-on investment

  • Treyd chose the UK because it sees the country as a “leader” that strikes a balance between “being open for business and protecting consumers”.

      • ProblemFinancial Services

      "SMEs face cash flow challenges due to delayed payments from buyers, hindering their ability to invest in growth and manage operations effectively."

      Solution

      "Treyd provides B2B buy now pay later (BNPL) services for international supply chains, paying suppliers upfront and giving companies 120 days to pay the balance, thus freeing up capital for growth and operational efficiency."

      Covered on