About Tranch
Tranch is a Financial Services company based in London (United Kingdom) founded in 2021 by Philip Kelvin, and was acquired by Elite in January 2025. It operates as an online lending marketplace for invoice financing. Tranch has raised $16.38 million across 8 funding rounds from investors including Spenmo, Elite and everstox. The company has 9 employees. Its chief executive is Philip Kelvin. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is ZERO DEGREES HOLDING COMPANY LIMITED. Its competitors include Funding Circle, ThinCats, Funding Xchange, Assetz Capital and MarketFinance and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Tranch was founded in 2021 in London, United Kingdom, as an online lending marketplace focused on invoice financing within the fintech sector. Loans are extended to businesses for supplier payments to support sales growth and for covering SaaS subscriptions and services. Operations include CRM tools for customer management, data analytics for insights, and integrated payment tools for transactions.
- Headquarters London, United Kingdom
- Employees 9
- Founders Philip Kelvin
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website tranch.com
- Social LinkedIn X
- Acquired by Elite (Jan 2025)
- Legal Name Zero Degrees Holding Company Limited
- Date of Incorporation 03 Sep, 2021
- Jurisdiction LONDON, ENGLAND
Funding Insights of Tranch
Tranch has successfully raised a total of $16.38M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16.38M
- Total Rounds 8
- Last Round Seed — $1.3M
- Investors Count 11
All 8 funding rounds of Tranch with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $1.3M | Seed | – | – | – |
| Jan 2023 | $5M | Seed | – | Soma Capital, FoundersX Ventures | – |
| Jan 2023 | $95M | Debt – Conventional | – | – | |
| Nov 2022 | $2.5M | Seed | – | – | – |
| Aug 2022 | $3.2M | Seed | – | – | – |
| Jun 2022 | $125,000 | Seed | – | Y Combinator | |
| May 2022 | – | Debt – Conventional | – | – | |
| May 2022 | $4.25M | Seed | – | Flash Ventures |
12 investors in total: 12 institutional.
Investors in Tranch
Tranch has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Spenmo, Elite and everstox.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are provided by Soma Capital to startups. | – | somacap.com | San Francisco, United States | |
Early-stage tech-focused VC firm investing primarily in the US | – | foundersxventures.com | Menlo Park, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Investments are made by TRAC in early-stage technology startups. | – | trac.vc | Sonoma, United States | |
Debt financing is provided to European tech companies. | – | clpgrowth.com | London, United Kingdom | |
Venture capital firm focused on early-stage startups | – | globalfounderscapital.com | Berlin, Germany | |
Investment advisor offering asset-backed credit solutions to borrowers and investors. | 2012 | clearhavencm.com | New York, United States | |
- | – | fl4sh.vc | - | |
Cloud-based corporate cards and expense management solutions are offered. | 2019 | spenmo.com | Singapore, Singapore | |
Cloud-enabled asset-light fulfillment services are provided for e-commerce and retail. | 2019 | everstox.com | Berlin, Germany |
Investor details for Tranch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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People of Tranch
7 people are tracked at Tranch (5 in leadership, 2 in team); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Philip Kelvin | Co-Founder & CEO | Leadership |
Beau Allison | Co-Founder & CTO | Leadership |
Sam Lockwood | Head of Credit Risk | Leadership |
Sohil Pandya | Head of Engineering | Leadership |
James Pilley | Head of Finance & Capital Markets | Leadership |
Benita Yanful | Senior Credit Risk Analyst | Team |
Lucy Frances Pope | Creative Lead | Team |
Complete people profiles for Tranch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Tranch
4 dated milestones of Tranch across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Tranch is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $1.3M.
- Exit Acquired by Elite.
Competitors of Tranch
Tranch has 8 listed competitors in our database, 6 of them funded. They include Funding Circle, ThinCats, Funding Xchange, Assetz Capital and MarketFinance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fundingcircle.com | 2010 | London, United Kingdom | $372.67M | – | A peer-to-peer marketplace for business loans is operated and developed. | |
| thincats.com | 2010 | Tamworth, United Kingdom | $360.95M | 28 | An online marketplace for business loans is operated and developed. | |
| fundingxchange.co.uk | 2014 | London, United Kingdom | $12.41M | 27 | Provider of an online marketplace for business loans | |
| assetzcapital.co.uk | 2012 | Stockport, United Kingdom | $12.01M | 119 | Developer of online P2P marketplace for commercial real estate and business loans | |
| marketfinance.com | 2010 | London, United Kingdom | $43.51M | 124 | Online marketplace for business loans | |
| timefinance.com | 1998 | Bath, United Kingdom | – | 157 | Multiple business loan products are offered through an online marketplace. | |
| goji.investments | 2016 | London, United Kingdom | – | 3 | A platform for private funds distribution is operated by Goji. | |
| creditscript.com | 2016 | London, United Kingdom | $411,544 | 3 | Investor and originator solutions for marketplace lending are provided. |
Detailed competitors of Tranch
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Tranch
The website of Tranch (tranch.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 13.6% vs previous month
Top companies in Alternative Lending
10 companies that operate in the same segment as Tranch (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Tranch
Complete news archive for Tranch
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Frequently Asked Questions about Tranch
Tranch was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Tranch is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Philip Kelvin is the current CEO of Tranch. They have also founded this company.
Tranch is a funded company, having raised a total of $16.38M across 8 funding rounds to date.
Tranch has 9 employees.
Tranch was founded in 2021 in London, United Kingdom, as an online lending marketplace focused on invoice financing within the fintech sector. Loans are extended to businesses for supplier payments to support sales growth and for covering SaaS subscriptions and services. Operations include CRM tools for customer management, data analytics for insights, and integrated payment tools for transactions.
Tranch's top competitors include Funding Circle, ThinCats and Funding Xchange.
Tranch has 12 investors. Key investors include Spenmo, Elite, everstox, Clear Haven Capital Management, and Soma Capital.
Tranch operates through Zero Degrees Holding Company Limited.
Yes. Tranch was acquired by Elite in January 2025.