Tranch’s US$4.25 Million Pre-seed Equity and Debt Funding

In UK Goodwin Procter, advised on the matter.

Goodwin Procter advised Tranch with a team including Ali Ramadan (Picture – IP&IT).

Tranch announced 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 Goodwin deal team consisted of Ali Ramadan (Picture), Charles Baker and Chloe Smith.

Involved fees earner: Charles Baker – Goodwin Procter; Ali Ramadan – Goodwin Procter; Chloe Smith – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Tranch;

Author: Giulia Di Palma