Trade Ledger, a Sidney, Australia- and London, UK-based lending automation platform, raised £1.5M in funding.
The round was led by Hambro Perks.
The company intends to use the funds to continue to expand operations and its business reach.
Established in 2016 and led by Martin McCann, Trade Ledger provides an open banking business Lending-as-a-Service platform. Now operating on three continents, its platform automates all types of digital business finance, helping bank and non-bank business lending organizations to fast-track economic growth through process automation and scaling of business credit operations.
Trade Ledger uses financial data APIs (often referred to as Open Banking), Machine Learning, Artificial Intelligence and Robotic Process Automation technologies to enhance or replace old and costly legacy bank systems for origination, credit decisioning, take on and loan management, enabling new working capital solutions for business customers.