Tranch, a buy now pay later (BNPL) platform for SaaS vendors and service providers, secures a $100M equity and debt investment led by FoundersX Ventures and Soma Capital, with participation from a number of US and the UK-based fintech founders. The company plans to use the funding to increase the size of the Tranch team in New York and roll out its “Pay with Tranch” checkout across a variety of industry verticals.
Y-Combinator-backed BNPL Closes $100M Funding to Reinvent How Businesses Pay for Invoices