By Oliver Smith on Tuesday 31 May 2022
A big win for both fintechs.
Its partnership comes after Tranch revealed a pre-seed equity and debt funding round of £3.5m from investors including Flash Ventures, Global Founders Capital and a debt facility from Columbia Lake Partners.
“Historically, the payment experience for large expenses has been a huge hindrance for the growth of countless firms, so it is fantastic to see that Tranch is stepping up to the task of bringing BNPL to a much wider pool of businesses with Yobota at its side,” said Ion Fratiloiu, Yobota’s head of commercial.
“The success of Tranch so far is an important milestone for Yobota, too. If further evidence was needed, it proves the power of harnessing API connectivity, allowing firms to address niche market needs and deliver exactly the solution that customers deserve.”
Both Tranch’s Philip Kelvin and Yobota’s Ion Fratiloiu, along with Ryan Garner, Expert Associate Partner at Bain & Company, will be appearing on AltFi’s Money Talks Webinar on Wednesday 1 June at 11am to discuss ‘Is Buy Now, Pay Later Sustainable?’.