• UK-based BNPL startup Tranch has entered into a partnership with cloud-based FinTech Yobota. 

• Yobota, founded in 2016, is known for its cloud-native banking platform that provides the infrastructure for B2B payment options. Tranch combines traditional credit reports and open banking to allow companies to offer suppliers flexible payment options between 6 and 12 months on contracts worth GBP 10,000–250,000 (approx. USD 12,500–315,000). The company is expected to benefit from Yobota’s architecture and application programming interface (API) capabilities.

<ul><li> Analyst QuickTake : Tranch raised GBP 3.5 million (approx. USD 4.4 million) in a pre-seed funding round led by Flash Ventures. The fresh funds were allocated for hiring, onboarding suppliers across several verticals in the UK, and its expansion into the US market by the end of 2022. It is expected to compete with early-stage companies such as Debite, Tranch, and Treyd who raised GBP 2.5 million (approx. USD 3.1 million), GBP 3.5 million (approx. USD 4.4 million), and USD 10.5 million in funding, respectively, in May.</ul>