• UK-based BNPL startup Tranch has raised GBP 3.5 million (approx. USD 4.4 million) in a pre-seed funding round led by Flash Ventures, the pre-seed investor behind companies including Spenmo, Everstox and Voly, and Global Founders Capital. The round also includes debt funding from Columbia Lake Partners

• The fresh funds will be allocated for hiring, onboarding suppliers across several verticals in the UK, and its expansion to the US market by the end of 2022.

<ul><li> Analyst QuickTake : Swedish B2B BNPL platform Treyd also raised funding (GBP 8.4 million [approx. USD 10.5 million]) in a Series A funding round led by Nineyards Equity last week . The funds were earmarked for its UK expansion. Treyd targets businesses that buy and sell finished products with more than USD 200,000 in sales and have been in operation for at least one year. Treyd’s B2B solution allows businesses to spread purchase payments over 120 days. The company’s sign-up process includes a KYC check and a financial statement audit.</ul>