Leading London banking provider Yobota has announced a new partnership with the BNPL (buy now, pay later) platform, Tranch.
The news follows a £ 3.5 million funding round for Tranch and an explosion in the BNPL sector.
Founded in 2016, Yobota has created a fast, flexible and cloud-native core banking platform that enables clients to create and manage cutting-edge financial products.
With the help of Yobota’s flexible architecture and API first capabilities, Tranch is able to meet the demands of even the most complex customer journeys in the UK.
By incorporating into the sales journeys of SaaS vendors and other service providers, Tranch allows businesses to spread out any spend multiple times and manage them all from one convenient location.
Its comprehensive platform provides organizations with the solutions they need to prioritize spending for growth, without ever compromising the tools they need.
Using the ‘Pay in tranches’ payment method, suppliers can offer their end customers the power to choose how their expenses are distributed and a more flexible way to pay contracts from £ 10,000 to £ 250,000, ensuring they are paid in advance. Faster.
The announcement follows news that Tranch has raised £ 3.5 million ($ 4.25 million) in pre-seed and debt financing to expand its B2B offering.
Yobota Sales Manager Ion Fratiloiu said, “Historically, the large expense payment experience has been a huge barrier to the growth of countless companies, so it’s great to see Tranch stepping up the task of bringing BNPL to a much larger asset pool level with Yobota by your side.
“Tranch’s success so far is an important milestone for Yobota as well. If more evidence is needed, this demonstrates the power to leverage API connectivity, enabling companies to meet the needs of the niche market and deliver exactly the solution customers deserve. “
Tranch co-founder and CEO Philip Kelvin said, “We are delighted to be working with Yobota, the flexible modularity of the platform gives us the freedom and support to build exactly the products we need, with a fraction of the usual. development work. “
Yobota partners with the Buy Now, Pay Later Tranch platform
Source link Yobota partners with the Buy Now, Pay Later Tranch platform