Tranch
AcquiredRaised Since FeaturedInvoice-to-payments for enterprises
B2B buy-now-pay-later platform helping enterprises spread invoices over 3-12 months.
About
Tranch is an invoice-to-payments platform that enables services firms, software companies, and marketplaces to accelerate cash flow by offering flexible payment solutions to business clients. Their offerings include Pay Now via FedNow and Real-Time Payment Network, Pay by Card with virtual card terminals, and Pay Later options from 2 to 12 months up to $1M. Founded in 2021 by Philip Kelvin and Beau Allison, the company graduated from Y Combinator's Summer 2022 batch and quickly scaled to process enterprise-level B2B payments. Tranch set a new standard for law firms in invoice management and payments, enabling firms to streamline and automate their payment processes. In January 2025, Tranch was acquired by Elite, a leading provider of financial management solutions to the world's most successful law firms.
DailyDropout Take
Tranch caught our eye as a Y Combinator-backed B2B BNPL play that combined instant payments, card processing, and flexible pay-later terms into one platform for enterprises. The London-based team moved fast — from pre-seed to a $100M seed round in under a year — and ultimately validated the thesis when Elite acquired them to transform billing for law firms worldwide.
Discovery signal: YC S22 batch, rapid scaling from pre-seed to $100M seed round, strong B2B payments traction with law firms and professional services
What Makes Them Unique
Tranch combined instant Pay Now (via FedNow), Pay by Card, and Pay Later options in a single B2B invoice-to-payments platform — enabling enterprises to offer flexible payment terms without taking on credit risk themselves.
$104M+
Total Raised
Acquired by Elite (Jan 2025)
Acquisition
11
Team Size
Target Markets
Founders
Funding History
Lead: Flash Ventures & Global Founders Capital
Lead: Soma Capital & FoundersX
Investors
Firms
Accelerators
Press & News
B2B Buy Now Pay Later Platform, Tranch, Raises $100 Million Seed Round
Elite Acquires Tranch, a Leading B2B Payments Platform
BNPL firm Tranch scores $100m in seed financing
B2B payments platform acquired by US tech giant