Seed23 May 2022

Tranch secures £3.5m in pre-seed equity and debt funding led by Flash Ventures to scale its B2B payment platform.

The funding round was led by Flash Ventures and Global Founders Capital, with participation from Y Combinator and Columbia Lake Partners.

£3.5MSeed

Tranch operates a business to business buy now pay later platform that allows software and service providers to receive upfront payments while offering their customers flexible terms.

Tranch has secured £3.5m in pre-seed equity and debt financing to expand its operations and scale its presence in the US market. The investment was led by Flash Ventures alongside Global Founders Capital, with participation from Y Combinator and a debt facility provided by Columbia Lake Partners.

The London-based company provides a specialized buy now pay later solution that integrates directly into sales workflows for software vendors and service providers. By offering deferred payment options worth up to £250k, the platform aims to alleviate cash flow pressures for business buyers while delivering immediate liquidity to merchants.

Proceeds from the latest financing will be directed toward team expansion and onboarding new suppliers across various industry sectors. The company is preparing for its upcoming launch in the US following participation in Y Combinator's recent cohort.

From the founder

"Tranch was born out of a frustration and desire to fix a broken model. My time as a scaleup CFO made me realise just how inflexible payment options can be for crucial SaaS tools and other business services, and how detrimental this lack of choice and payment ownership can be on thousands of companies. ‘Pay with Tranch’ solves that huge and costly problem, by putting flexibility and choice at the heart of the payments process in a way that works simply and favourably for both suppliers and buyers."

Philip Kelvin

Co-founder & CEO at Tranch

Investor perspective

"B2B BNPL players so far have been largely focused on B2B e-commerce where ticket sizes are small and lenders rely on standard credit data to make limited credit decisions. We’re excited to see Tranch making B2B BNPL accessible to more complex lending demands involving larger volumes and longer durations, all of which creates a hugely scalable international market opportunity through their full lending tech stack."

Yash Zaveri

Partner & MD, Flash Ventures