Press Release May 25, 2022

Tranch completes pre-seed equity and debt funding

The London Technology team advised Tranch on its US$4.25 million pre-seed equity and debt funding. The funding round is led by Flash Ventures the pre-seed investor behind companies including Spenmo, Everstox and Voly, and Global Founders Capital. Tranch is also backed by Y Combinator and will join YC’s Summer 2022 cohort as the London-based startup gears up to launch in the US later this year.

Tranch is a London-based buy now pay later (BNPL) platform that combines advanced credit risk modelling and open banking data to make BNPL payments more accessible to more B2B customers.

The deal team consisted of Ali Ramadan, Charles Baker and Chloe Smith.

For more information please see here.