November 12, 2024
Tranched, a London-based platform that automates asset-based financing, has raised $3.4 million in a pre-Seed funding round. The round, led by Speedinvest, also saw contributions from Blockwall, Kima, OVNI Capital, and participation in Andreessen Horowitz’s Crypto Startup Accelerator (CSX) program. This investment will allow Tranched to enhance its platform and expand into global markets, with a focus on lenders, credit funds, asset managers, and banks beyond Europe.
Tranched aims to disrupt the €12 trillion global securitisation market by applying blockchain technology to streamline complex and costly processes. By automating the bundling of loans into securities, the platform reduces the reliance on intermediaries, helping lenders cut down fees and save time. In initial implementations, Tranched has achieved cost reductions of up to 90%. The platform’s use of tokenisation and smart contracts enables better transparency and efficiency in asset-based finance transactions, while also providing investors with more access and liquidity.
The company’s co-founders, Michael Elalouf and Clément Larrue, highlight the potential for blockchain to address longstanding issues in asset-based lending. Larrue emphasized that the sector’s risk-return advantages can be better realized by leveraging technology to overcome challenges such as complexity and opacity. Tranched’s tokenisation approach makes it easier for institutional investors to navigate these markets, offering a range of financing options while enhancing transparency.
About Tranched
Tranched is an embedded asset-based financing platform that automates the process of bundling loans into securities using blockchain technology. The platform improves efficiency by reducing the complexity, costs, and reliance on intermediaries in traditional asset-backed finance. Tranched leverages tokenisation and smart contracts to create transparent, secure, and more accessible investment opportunities.
Website: https://tranched.fi/
X: @TranchedSocial
About Investor
Speedinvest
Speedinvest is a venture capital firm that invests in early-stage startups across a range of sectors, including fintech, blockchain, and deep tech. With a focus on supporting disruptive technologies, Speedinvest works closely with its portfolio companies to accelerate growth and innovation.
Location: Berlin, London, Paris, Vienna
Website: https://www.speedinvest.com/
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