Tranched, a London-based FinTech company, has successfully raised $3.4m in pre-Seed funding.
This round was spearheaded by Speedinvest and saw participation from influential investors including Andressen Horowitz’s Crypto Startup Accelerator, Blockwall, Kima, and OVNI Capital, according to a report from FinTech Finance News.
These funds are earmarked to enhance Tranched’s offerings with new features and to broaden its global reach.
Tranched is designed to automate the traditionally manual and complex process of bundling loans into securities, utilising cutting-edge blockchain technology. This innovation promises to strip away structural complexities and reduce exorbitant fees typically associated with securitisation.
The new capital will be used to expand Tranched’s technological capabilities and its geographic footprint. Initially focused on European markets, Tranched plans to extend its services to lenders, credit funds, asset managers, and banks worldwide.
Michael Elalouf, co-founder of Tranched, emphasized the platform’s broad utility, stating, “Lenders are losing a significant portion of their economics to third-party fees and endless structuring processes. We want to help them claim back that value by simplifying their access to a broader range of financing options.
“This will ultimately benefit their clients, consumers and small businesses of the real economy, at a time where innovative credit, payment, and embedded finance products are rapidly growing. Our solution is applicable to any finance product. We are here to support any lender, anywhere, and help them scale their operations.”
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