Trade Ledger
Trade Ledger is a London-headquartered SaaS provider of API-first, AI-powered digital lending technology serving global banks and non-bank lenders with composable tools for originating and managing working capital products; acquired by United Fintech in November 2025.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Trade Ledger does
Trade Ledger is a London-headquartered SaaS provider of digital commercial lending technology, founded in 2016 and incorporated as Trade Ledger Pty. Ltd. in Australia. The company sells an API-first, cloud-native, composable platform — built on microservices and event-based architecture — that enables banks and non-bank lenders to originate, underwrite, and manage working capital products, with the platform claiming to support approximately 99% of working capital lending products including receivables finance, asset-based lending, invoice discounting, revenue-based finance, green finance, and embedded finance. Core capabilities are organized into three platform modules — Origination & Customer Engagement, Risk Assessment & Collateral Management, and Facility Management & Loan Structuring — supplemented by specialized product modules, a Partner Portal for brokers and accountants, and the Working Capital Copilot, a generative-AI add-on built with Microsoft and Accenture on Azure OpenAI. The platform aggregates data from CRM, core banking, credit bureaus, open finance, and accounting systems via APIs to enable automated credit decisioning, document generation, and real-time risk monitoring.
The company monetizes through enterprise SaaS subscriptions, distributed via direct field sales to tier 1 banks, supplemented by co-sell through Microsoft's Azure Marketplace and field sellers, and delivery partners including Accenture, KPMG, Capco, and Arkahna. Named customers include HSBC (Digital Receivables Finance rolled out across 13 countries), Barclays (three-year implementation plus £3M strategic investment), Bank of Queensland Group, ScotPac, Virgin Money, Metro Bank, and NordLB, with reported outcomes such as reducing credit decision time from weeks/days to hours and time-to-cash from months to days, alongside 50-150 basis points of profitability improvement and 2x loan book growth potential. In November 2025, United Fintech acquired 100% of Trade Ledger in an all-share transaction, retaining Trade Ledger's leadership and integrating the company into its Commercial Banking division; Trade Ledger continues to operate from London with offices in Sydney, Dover (US), and Krakow (Poland), serving customers across the UK, US, Australia, and broader APAC and EMEA markets.
Trade Ledger firmographics
Firmographics- Name
- Trade Ledger
- Legal name
- Trade Ledger Pty. Ltd.
- Website
- https://tradeledger.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Trade Ledger is a London-headquartered SaaS provider of API-first, AI-powered digital lending technology serving global banks and non-bank lenders with composable tools for originating and managing working capital products; acquired by United Fintech in November 2025.
- Ownership category
- akta.pro rank
Trade Ledger industry classification
Industry- Product category
- Commercial Lending Software
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Trade Finance Platforms & Digitization (eBL/eDocs, TradeTech, Network Solutions) (FSABAHAL)
- akta.pro secondary industry
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)
Keywords
Where Trade Ledger is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Trade Ledger business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Licensing: Trade Ledger provides digital lending facilitation services as a SaaS platform. Lenders subscribe to the platform for access to credit management, origination, risk assessment, and facility management capabilities. The company is not itself a lender but provides technology to enable banks and lenders to automate their lending processes.
- Microsoft Azure Marketplace: Trade Ledger is available through Microsoft Azure Marketplace where financial institutions can use pre-committed Azure Consumption Commitment (MACC) budgets to procure Trade Ledger solutions, enabling streamlined procurement and faster adoption.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Trade Ledger product offering
Product offeringCore offering
Trade Ledger provides an end-to-end, API-first, cloud-native SaaS platform that enables banks and financial institutions to digitally originate, assess, and manage working capital and commercial lending products. The modular platform supports receivables finance, asset-based lending, invoice discounting, and other credit products through automated credit decisioning, data aggregation, and facility management capabilities.
Product overview
Trade Ledger offers a modular, API-first commercial lending SaaS platform for working capital and liquidity lenders. The core platform consists of three primary modules: Origination & Customer Engagement (for originating any commercial loan product), Risk Assessment & Collateral Management (for credit decision and risk assessment activities), and Facility Management & Loan Structuring (for restructuring facilities and monitoring performance). These are complemented by specialized product modules including Digital Receivables Finance, Asset Based Lending, Invoice Discounting, Revenue-Based Finance, and Green Finance. The platform supports 99% of working capital lending products and enables lenders to serve multi-product, multi-party facilities. Key add-on capabilities include the Working Capital Copilot (generative AI solution built with Microsoft Azure OpenAI) and the Partner Portal for broker and accountant engagement. The architecture is composable, cloud-native, and API-driven, allowing lenders to deploy new products within weeks rather than months.
Differentiator
Problem solved
Functional benefit
Products and services
- Working Capital Platform An end-to-end digital business credit management platform for working capital lending that enables lenders to originate and manage loans with automated workflows, credit decisioning, and real-time data integration.
- Working Capital Copilot A generative AI-powered solution built in partnership with Microsoft and Accenture utilizing Azure OpenAI, integrated with Trade Ledger's data platform to unlock embedded lending potential in working capital finance.
- Digital Receivables Finance
Quantifiable outcome
- Credit decision time reduced from 1-2 months to under 48 hours
- +7 more outcomes
Companies that use Trade Ledger
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Trade Ledger technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability8 records
Feature8 records
Trade Ledger partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core and minor.
- Bank of Queensland GroupflagshipLong-term partnership to modernize BOQ's asset finance lending operations for SMEs and corporate clients in Australia. Trade Ledger and Microsoft's AI technology power hyper-automated digital platform replacing legacy systems.
- AccenturecoreCo-development partnership for Working Capital Copilot built on Azure OpenAI. Accenture involved in development of generative AI solution for working capital lending transformation.
- MicrosoftcoreStrategic partnership with Microsoft for Azure cloud platform, Azure OpenAI Service, and Azure Marketplace distribution. Microsoft field sellers co-sell Trade Ledger solutions. Financial institutions can use Azure Consumption Commitment (MACC) budgets to procure Trade Ledger.
- 10x BankingcoreStrategic partnership for comprehensive account creation and lending solution. Combined solution enables next-generation commercial banking with Trade Ledger's lending platform integrated with 10x Banking's core banking capabilities.
- KPMGminorConsulting partnership for advisory and implementation services.
- CapcominorManagement consulting partnership for digital transformation advisory.
- ArkahnaminorTechnical consulting partnership for platform implementation services.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
Trade Ledger competitors and assessment
Company assessmentDirect peers
- nCino: nCino is a cloud-based commercial banking and lending platform serving global Tier 1 banks with origination, credit decisioning, and account opening workflows. It is the closest direct competitor to Trade Ledger's working capital lending SaaS, targeting the same enterprise bank buyer with similar automation outcomes.
- Mambu: Mambu is a composable cloud banking platform used by challenger and incumbent banks for lending and deposits. While broader than Trade Ledger, Mambu competes head-to-head for lending origination workloads and is also an integration partner, making it both peer and ecosystem participant.
- Thought Machine: Thought Machine provides cloud-native core banking with deep lending capabilities (Vault Lending). It targets the same Tier 1 modernization buyer as Trade Ledger and increasingly absorbs credit-origination functionality that overlaps with Trade Ledger's product modules.
- 10x Banking: 10x Banking is a cloud-native core banking platform with a strategic commercial-banking partnership with Trade Ledger. It competes for the same digital transformation budgets at incumbent banks and represents both a partner and a potential substitute for Trade Ledger's lending modules.
- Codat: Codat is an API platform aggregating accounting and financial data from SMB customers, integrated by Trade Ledger for automated data ingestion. As a data layer underpinning lending decisions, Codat is a tightly-coupled peer and ecosystem partner in the same digital lending stack.
Emerging players
- OakNorth Bank: OakNorth built proprietary credit decisioning technology for commercial/SME lending and now licenses its platform (OakNorth Analytical) to other banks. It is an emerging peer offering AI-driven credit analytics in the same SME working-capital space Trade Ledger serves.
- Validis: Validis ingests and analyzes accounting data for credit underwriting, integrated by Trade Ledger for automated financial data extraction. It serves the same lending automation use case at banks and alternative lenders, making it an adjacent peer in the credit data stack.
Broad incumbents
- Finastra: Finastra is a large incumbent financial software provider with lending, trade finance, and corporate banking suites. It competes broadly for Tier 1 bank modernization budgets and overlaps with Trade Ledger in trade and receivables finance workflows.
- Temenos: Temenos provides core and digital banking platforms with lending modules used by global banks. It competes for the same transformation RFPs as Trade Ledger and represents a broad incumbent alternative for banks evaluating end-to-end lending platforms.
- Newgen Software: Newgen provides content services and process automation for lending, onboarding, and trade finance at banks. It overlaps with Trade Ledger's document generation, credit memo, and workflow automation capabilities, particularly in trade and receivables finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key highlights7 records
Customer concentration
Trade Ledger social profiles
Digital presenceTrade Ledger compliance and trust
Trust signalCompliance2 records
Trade Ledger financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trade Ledger leadership team
Management profileNumber of profiles
Profiles11 records
Trade Ledger funding detail
Funding detailFunding overview
Funding rounds5 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trade Ledger M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trade Ledger
What does Trade Ledger do?
Trade Ledger provides an end-to-end, API-first, cloud-native SaaS platform that enables banks and financial institutions to digitally originate, assess, and manage working capital and commercial lending products. The modular platform supports receivables finance, asset-based lending, invoice discounting, and other credit products through automated credit decisioning, data aggregation, and facility management capabilities.
Is Trade Ledger a public or private company?
Trade Ledger is a private company. It is classified as corporate owned and is currently operating.
When was Trade Ledger founded?
Trade Ledger was founded in 2016. It employs 11 to 50 people.
Where is Trade Ledger based?
Trade Ledger is headquartered in London, United Kingdom, in the Europe region.
How does Trade Ledger make money?
Two revenue lines are on record. SaaS Platform Licensing is the primary driver. The others are microsoft Azure Marketplace.
Who are Trade Ledger's main competitors?
Direct peers on record are nCino, Mambu, Thought Machine, 10x Banking and Codat. Emerging players are OakNorth Bank and Validis. Broad incumbents are Finastra, Temenos and Newgen Software.
Does Trade Ledger have an API?
Yes. Trade Ledger offers an API-first platform with event-based architecture and proprietary data model for digital data integration. The APIs enable lenders to unlock digital data, connect internal systems, and are designed for an AI-powered future. The platform supports data ingestion via API for pre-population/auto-fill and validation for accuracy and quality. The Working Capital Copilot is integrated with Trade Ledger's data platform. Developer documentation is at Not specified.
What industry is Trade Ledger in?
Trade Ledger's product category is Commercial Lending Software. Its primary akta.pro industry code is FSABAHAL, Trade Finance Platforms & Digitization (eBL/eDocs, TradeTech, Network Solutions), with a secondary code of FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity). Its NAICS code is 5231 and its SIC code is 6211.