The funding round was led by Flash Ventures and Global Founders Capital, with participation from Y Combinator and Columbia Lake Partners.
"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."
The Series A round was led by Target Global to fuel international expansion and team growth.
"Our bold ambition is to make payroll invisible. We believe that 10 years from now, 'payroll software' will be eliminated from the dictionaries. Invisible payroll will be a crucial element across broader platforms and thanks to our vision, we will be at the forefront of this new trend. We are also extremely pleased to have investors like Target Global join us in carrying out this vision and helping us shape the future of payroll together."
The pre-seed round was co-led by Global Founders Capital and Backed VC to support the development of international credit infrastructure.
"As a result a data disparity exists that means people have to start again every time they move to another country. Our intention is to look at consumers based on their credit footprint globally, not on a country by country basis."
The London startup has raised 4m euro from backers including byFounders and Flash Ventures to grow its team and enter new markets.
"We have known and supported Fuzey from the very beginning and are very happy to continue supporting them. We are big believers in the team’s vision to empower small businesses with the digital tools they need. We have been impressed by the rapid traction and positive impact on their users’ businesses."
