# Tranch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tranch

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.tranch.com
- Total disclosed funding: $5M
- Latest round: Seed (Jan 24, 2023)
- Investors on record: 2

## About

Founded in 2021 by its CEO, Philip Kelvin, and CTO, Beau Allison, and based in London, UK, Zero Degrees Holding Company Limited, trading under the name of Tranch, operates as a developer of a buy now pay later (BNPL) platform that offers various lending solutions. In January 2023, Zero Degrees Holding Company Limited raised USD 100 million in seed and debt funding from FoundersX Ventures, Soma Capital Management, and Clear Haven Capital Management.

The company offers a digital finance platform that provides lending solutions, helping businesses pay for expenses like SaaS (software as a service), cloud hosting, and professional fees with a 30-day rolling credit line. The company directly pays the supplier based on the invoices that can be paid back in 3–12 months.

The company plans to use the May 2022 funding to increase the team, onboard more suppliers across multiple verticals, and boost its growth in the U.K. and the U.S.

## Funding rounds

- Seed, Jan 24, 2023, $5M — Soma Capital Management, FoundersX Ventures

## Investors

- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- FoundersX Ventures (https://capitalatlas.ai/funds/foundersx-ventures) — Seed