Tranch, a London based B2B provider of immediate invoice finance has raised US$100m to expand activity in the US. The new funding will help the B2B Buy Now Pay Later (BNPL) firm to develop the existing team in the New York office.
The company's "Pay with Tranch" option allows clients to divide invoice spending across flexible payment plans for up to 1 year. The maximum value of the purchases that Tranch is financing per company is US$500,000.
