Tranch
Tranch is a B2B invoice-to-payment platform offering Pay Now, Pay Later (BNPL up to $500K), Pay by Card, and AR automation modules primarily to law firms and professional services enterprises, with ERP integrations and embedded checkout; acquired by Elite in January 2025.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Tranch does
Tranch operates a cloud-based invoice-to-payment platform that lets enterprise vendors, primarily in the legal and professional services sectors, embed modular payment options directly into their billing workflows. Its core product suite comprises Pay Now (free real-time bank transfers via FedNow, Faster Payments, ACH, and SEPA), Pay Later (a B2B BNPL facility offering up to $500K over 2-12 month terms with Tranch assuming the full credit risk and paying vendors upfront on Day 1), Pay by Card (PCI-DSS Level 1 compliant card acceptance including virtual terminals), and complementary workflow modules covering invoicing, recurring payments, AR automation, and an AI-driven Credit Insights analytics layer. Underwriting and payment processing are powered by a partner stack spanning Slope (JPMorgan-backed BNPL infrastructure), JPMorgan payment rails, Plaid bank connections, and major ERP integrations (QuickBooks, NetSuite, Xero, on-premise systems) accessible via API, SFTP, low-code, or no-code paths.
Tranch generates revenue primarily through transaction-based fees on Pay Later (a flat risk-priced percentage added to the invoice total and spread across installments) and on Pay by Card processing, while Pay Now is free to the payer; pricing is quote-based and not publicly disclosed. The go-to-market blends enterprise field sales (Contact Sales and Schedule a Demo CTAs targeting medium-to-large enterprises) with product-led onboarding (no-code payment links live in under five days), and the company operates dual headquarters in New York and London under FCA-regulated subsidiary Zero Degress Holding Company Limited. Founded in 2021 by CEO Philip Kelvin and CTO Beau Allison, both former senior leaders at a consumer fintech, Tranch raised $5M in seed funding in January 2023 and was acquired by Elite, a SaaS provider to the world's largest law firms, on January 3, 2025.
Tranch firmographics
Firmographics- Name
- Tranch
- Legal name
- Tranch, Inc.
- Website
- https://tranch.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Tranch is a B2B invoice-to-payment platform offering Pay Now, Pay Later (BNPL up to $500K), Pay by Card, and AR automation modules primarily to law firms and professional services enterprises, with ERP integrations and embedded checkout; acquired by Elite in January 2025.
- Ownership category
- akta.pro rank
Tranch industry classification
Industry- Product category
- Invoice-to-Payment Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
- akta.pro secondary industries
- Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), ACH & Batch Payments Clearing (FSABAJAH), Merchant-Integrated BNPL (Checkout POS Financing) (FSAGAIAA)
Keywords
Where Tranch is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Tranch business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Supply Chain
Revenue model
- Transaction Fees: Transaction-based fees charged to merchants/suppliers for payment processing through the platform. Platform fees include transaction fees dependent on volume. The company facilitates payments between buyers and suppliers, charging fees for the service.
- Pay Later Financing Fees: Risk-based pricing for Pay Later installment plans where a flat percentage fee is added to the invoice total and split across 2-12 monthly installments. Pricing varies based on loan term and business financial profile. No subscription fees with transparent, upfront pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Pay Now - Free instant payment processing |
| Transaction based/ take rate | Pay-as-you-go | Pay Later - Flexible payment terms up to $500k |
| Transaction based/ take rate | Pay-as-you-go | Pay by Card - PCI-compliant card payments |
| Subscription | Monthly | Recurring Payments - Automated billing cycles |
| Transaction based/ take rate | Pay-as-you-go | Referral Program |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Tranch product offering
Product offeringCore offering
Tranch is an invoice-to-payments platform for enterprises that automates B2B receivables through Pay Now (instant bank transfers), Pay Later (BNPL up to $500k / £1M with Tranch assuming the credit risk), and Pay by Card (PCI-compliant card processing), connected to ERP systems via API, SFTP, or no-code payment links. The platform also offers Invoicing, AR Automation, Recurring Payments, and Credit Insights (AI/open-banking analytics) modules, and is sold primarily to law firms and professional services firms.
Product overview
Tranch is an invoice-to-payments platform offered as a unified suite with modular components. The core platform centers on three payment products: Pay Now (real-time bank payments), Pay By Card (card processing), and Pay Later (BNPL up to $500k). These core payment products are complemented by invoice automation modules including Invoicing, AR Automation, and Recurring Payments. Credit Insights provides AI-driven analytics using open banking data. All products connect via a flexible integration layer supporting full API/SFTP, low-code, and no-code approaches. The platform was acquired by Elite in January 2025 and primarily serves law firms, professional services, and software companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Pay Later BNPL product enabling enterprises to offer their clients flexible payment terms of 2-12 months up to $500k (up to £1M per client for law firms), with Tranch assuming the full credit risk and paying suppliers upfront on Day 1; transaction-based pricing via a flat percentage fee on the invoice total.
- Pay Now Free instant payment processing via ACH, FedNow, Real-Time Payment Network, Faster Payments, and SEPA, with built-in fraud protection and bank verification for secure real-time B2B bank transfers routed through JP Morgan rails.
- Pay by Card PCI-DSS compliant card payments product accepting Visa, Mastercard, Amex, and Discover, including virtual card terminals for telephone and virtual card acceptance, with automated reconciliation on a transaction-based pricing model.
- Recurring Payments Automated billing solution for subscriptions, retainers, and other recurring fees, allowing setup of repeat payments from nominated bank accounts or preferred cards directly from the Tranch dashboard.
- Credit Insights AI-driven credit analytics tool that uses open banking data (bank balances and transactions via Plaid) to assess client creditworthiness and produce detailed reports for billing, forecasting, and collections decisions.
- Invoicing Electronic invoice delivery module integrated with ERP systems, with customizable templates, automated reminders, and integrated payment options embedded directly in invoices.
- AR Automation Accounts receivable automation module that optimizes invoice delivery and payment collection workflows directly from ERP systems, with bespoke workflow automation for delivery and reminder cadences and faster reconciliation.
- Integrations Integration layer supporting full two-way API/SFTP connectivity as well as low-code and no-code options to connect Tranch's invoice-to-payment platform with cloud and on-premise ERP systems (e.g., QuickBooks, Xero, NetSuite).
Quantifiable outcome
- 40% faster payment collection
- +6 more outcomes
Companies that use Tranch
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles4 records
Tranch technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability2 records
Feature7 records
Tranch partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- ElitecoreElite, a leading provider of financial management and business operations solutions to the world's most successful law firms, acquired Tranch on January 3, 2025. This acquisition enables Elite to expand its SaaS portfolio and embed Tranch's invoice-to-payment products within its portfolio of solutions, offering customers greater choice and flexibility in managing their work-to-cash process.
- PlaidcorePlaid provides secure bank account connection services for Tranch's platform. Used for credit assessment (connecting bank accounts to access balance and transaction data) and payment verification. Uses AES 256 encryption and Transport Layer Security protocols for security.
- FCA (UK)coreZero Degress Holding Company Limited, a subsidiary of Tranch Inc., is registered with the Financial Conduct Authority (FCA) with reference no. 965124 for UK operations.
- ERP System IntegrationscoreTranch integrates with various ERP systems including cloud and on-premise solutions via API, SFTP, low-code, and no-code approaches. Supports integrations with accounting platforms like QuickBooks, Xero, NetSuite, Expensify, and business communication platforms like Slack.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Tranch competitors and assessment
Company assessmentBroad incumbents
- Tipalti: Tipalti provides AP automation and global mass payouts for mid-market and enterprise finance teams. It is comparable to Tranch on payment processing infrastructure but targets the AP/finance operations side rather than AR invoice-to-payment with embedded BNPL.
- Bill.com: Bill.com is a leading B2B payments and AP/AR automation platform serving SMBs and mid-market. It overlaps with Tranch on invoice-to-payment workflows and embedded payment methods, though it lacks Tranch's deep legal vertical specialization and embedded BNPL credit product.
- Stampli: Stampli is an AP automation and invoice management platform serving mid-market enterprises. It overlaps with Tranch on invoice workflows and ERP integrations, though its focus is AP-centric rather than AR plus embedded credit.
- Versapay: Versapay provides AR automation and B2B payment networks for mid-market and enterprise buyers, including law firm customers. It competes with Tranch on invoice-to-payment workflows and embedded checkout, but does not offer Tranch's Pay Later BNPL credit product.
- Melio: Melio is a B2B payments platform focused on SMBs offering payables and receivables workflows. It is comparable to Tranch on invoice-to-payment infrastructure and embedded checkout but lacks the enterprise legal vertical focus and BNPL credit offering.
Regional players
- Aderant: Aderant is a legal practice management and financial management software provider serving law firms globally. It overlaps with Tranch's law firm customer base and competes in adjacent legal financial workflows, especially now that Tranch is owned by Elite (a competing legal SaaS platform).
Direct peers
- Float Financial: Float is a B2B spend management and corporate card platform offering flexible payment terms. It is comparable to Tranch on extending payment flexibility to B2B buyers, though its primary mechanism is corporate card rather than invoice-embedded BNPL.
- Resolve: Resolve is a B2B BNPL and accounts receivable automation platform that offers invoice-based financing for B2B vendors. It is one of the closest direct competitors to Tranch's Pay Later product, serving similar mid-market and enterprise buyers with embedded checkout financing.
- Hokodo: Hokodo is a European B2B trade credit and BNPL platform embedded into B2B checkout flows. It directly competes with Tranch's Pay Later offering for SMB and mid-market B2B transactions, particularly across European markets where Tranch is also active.
- Credit Key: Credit Key offers B2B BNPL at checkout for B2B merchants and their buyers, similar to Tranch's Pay Later value proposition. Both companies assume credit risk on behalf of merchants and integrate into existing checkout flows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks1 record
Key highlights7 records
Customer concentration
Tranch social profiles
Digital presenceTranch compliance and trust
Trust signalCompliance5 records
Tranch financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tranch leadership team
Management profileNumber of profiles
Profiles2 records
Tranch subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tranch funding detail
Funding detailFunding overview
Funding rounds5 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tranch 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 Tranch
What does Tranch do?
Tranch is an invoice-to-payments platform for enterprises that automates B2B receivables through Pay Now (instant bank transfers), Pay Later (BNPL up to $500k / £1M with Tranch assuming the credit risk), and Pay by Card (PCI-compliant card processing), connected to ERP systems via API, SFTP, or no-code payment links. The platform also offers Invoicing, AR Automation, Recurring Payments, and Credit Insights (AI/open-banking analytics) modules, and is sold primarily to law firms and professional services firms.
Is Tranch a public or private company?
Tranch is a private company. It is classified as corporate owned and is currently acquired.
When was Tranch founded?
Tranch was founded in 2021. It employs 1 to 10 people.
Where is Tranch based?
Tranch is headquartered in London, United Kingdom, in the Europe region.
How does Tranch make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are pay Later Financing Fees.
Who are Tranch's main competitors?
Broad incumbents on record are Tipalti, Bill.com, Stampli, Versapay and Melio. Aderant is listed as a regional player. Direct peers are Float Financial, Resolve, Hokodo and Credit Key.
Does Tranch have an API?
Yes. Tranch offers API and SFTP integration options for ERP connectivity. Full integration via API or SFTP enables seamless two-way integration with ERP systems to send, track, and collect client invoices. The platform supports both cloud and on-premise ERP solutions with comprehensive documentation and technical product team support. Developer documentation is at tranch.com/products/integrations.
What industry is Tranch in?
Tranch's product category is Invoice-to-Payment Platform. Its primary akta.pro industry code is FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout), with a secondary code of FSABAIAB, Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards). Its NAICS code is 522320 and its SIC code is 6199.