Tranch
Tranch helped enterprises optimize cash flow through flexible B2B invoice payments.
Tranch was an invoice-to-payment platform that enabled enterprises to optimize cash flow by offering flexible payment options to their clients. The platform provided three payment methods: Pay Now (instant bank transfers via FedNow), Pay by Card (virtual terminals for billing teams), and Pay Later (invoices spread over 2-12 months). Tranch served law firms, SaaS companies, consulting firms, and agencies, allowing suppliers to get paid upfront while customers settled invoices worth up to $500,000 on flexible terms. **IMPORTANT: Tranch was acquired by Elite on January 3, 2025, and is no longer independently operating.**
Problem solved
Service businesses lose cash flow and customer satisfaction because invoicing and payment options are outdated and inflexible, forcing clients into payment terms that don't work for either party.
Target customer
Enterprise law firms, SaaS companies, consulting firms, accounting firms, marketing agencies, and recruitment agencies with large invoice sizes and complex payment terms.
Founders
P
Philip Kelvin
CEO & Co-Founder
Former CFO at Trussle and Consultant at Bain & Company across financial services, consumer, tech, and private equity; also worked in M&A at Rothschild & Co; holds MPhil from University of Cambridge.
B
Beau Allison
CTO & Co-Founder
Over ten years in software development with experience as freelance, senior, and lead developer; former Head of Engineering at Better.co.uk (digital mortgage fintech).
Funding history
Pre-Seed
$3.5M
May 2022
Led by Flash Ventures
· Global Founders Capital
Seed
$100M
January 2023
Led by Soma Capital, FoundersX
· Clear Haven Capital Management, Y Combinator, Global Founders Capital
Seed (Additional)
$1.3M
August 2023
Led by Unknown
· Unknown
Total raised:
$114.25M
Industries
Pricing
1% per month flat fee for Pay Later invoices spread over 2-12 months. Tranch assumes full credit risk. Pay Now and Pay by Card pricing not publicly disclosed.
Notable customers
Paul Hastings, Wilson Sonsoni, Gunderson Dettmer, Tropic
Integrations
Plaid, HubSpot, Google Maps, Cloudflare, AWS
Tech stack
React (JavaScript frameworks)
core-js (JavaScript libraries)
Next.js (Web servers)
Google Maps (Maps)
HubSpot Chat (Live chat)
webpack
Plaid (Payment processors)
PWA
Open Graph
Cloudflare Browser Insights (RUM)
Plausible (Analytics)
Microsoft Clarity (Analytics)
Node.js (Programming languages)
Google Workspace (Email)
Cloudflare (CDN)
HubSpot (Marketing automation)
Amazon Web Services (PaaS)
Website
Competitors
Mondu.ai
Founded 2021; broader B2B payments platform without specific focus on services sector or larger invoices.
Resolve
Spun out of Affirm in 2019; offers similar buy-now-pay-later but with less specialization in services and law firm verticals.
ViaBill
Broader BNPL offering without specific optimization for enterprise service invoices or longer payment terms.
Why this matters: Tranch represented a novel approach to B2B cash flow management by combining instant supplier payment with flexible customer payment terms, specifically optimized for enterprise service providers with large invoices. The company's rapid growth (raising $114M+ in funding within 2 years) and notable customer base (Paul Hastings, Wilson Sonsoni) demonstrated strong market validation before its acquisition by Elite.
Best for: Enterprise service providers (law firms, consulting, SaaS) that need to accelerate cash flow while offering flexible payment terms to retain and satisfy clients.
Use cases
Law Firm Invoice Flexibility
A mid-market law firm can offer clients the ability to pay $300,000 invoices over 6 months at 1% per month, improving client satisfaction and retention while the firm receives payment upfront on day one, eliminating cash flow delays.
SaaS Implementation Financing
A consulting firm implementing complex SaaS solutions can offer clients the option to spread $200,000 implementation fees over 8 months, making large projects more accessible while securing immediate cash flow for the firm.
Recruitment Agency Flexibility
A recruitment agency places a $150,000 contract role and offers the client the option to pay over 10 months instead of upfront, making the service more attractive while the agency gets paid immediately through Tranch.
Alternatives
Mondu.ai
Broader B2B payments focus; better for companies not specifically targeting services sector.
Resolve
More general BNPL platform; better for businesses without focus on enterprise invoices or professional services.
ViaBill
Consumer and SMB-focused BNPL; better for smaller transactions and e-commerce use cases.
FAQ
What does Tranch do? +
Tranch was a B2B invoice-to-payment platform that provided flexible payment options for enterprise service providers. It offered Pay Now (instant transfers), Pay by Card (virtual terminals), and Pay Later (spread invoices over 2-12 months at 1% per month). The company was acquired by Elite in January 2025.
How much does Tranch cost? +
Pay Later invoices cost 1% per month flat fee, regardless of invoice size. This allows customers to spread payments from 2-12 months while suppliers receive upfront payment. Pay Now and Pay by Card pricing was not publicly disclosed.
What are alternatives to Tranch? +
Mondu.ai (broader B2B payments platform), Resolve (BNPL spun from Affirm), ViaBill (consumer/SMB BNPL), and Mastercard OB Services Europe (enterprise payments).
Who uses Tranch? +
Enterprise law firms (Paul Hastings, Wilson Sonsoni, Gunderson Dettmer), SaaS companies like Tropic, consulting firms, accounting firms, marketing agencies, and recruitment agencies with large invoices.
How does Tranch compare to Mondu.ai? +
Tranch specialized in larger invoices and longer payment terms (2-12 months) specifically for the services sector, while Mondu.ai is a broader B2B payment platform without that vertical specialization. Tranch also uniquely offered both Pay Now and Pay Later in one checkout.
Is Tranch still operating? +
No. Tranch was acquired by Elite (a financial software company for law firms) on January 3, 2025. The company is no longer independently operating.
Tags
B2B payments
invoice financing
pay later
cash flow optimization
embedded payments
accounts receivable
services sector