Trade Ledger, a London, UK-based global technology provider to the commercial banking and financial services industry, raised a total of £13.5m to complete its Series A funding round.
The equity round was led by Point72 Ventures, with participation from Foundation Capital, Court Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors. In conjunction with the funding, Alex Tarhini, Operating Partner at Point72 Ventures, will join the Trade Ledger board.
The company intends to use the funds to grow out its sales, marketing and customer delivery teams.
Led by Martin McCann, CEO, Trade Ledger enables lenders to provide credit to small and medium enterprises (SMEs), by showing them at a glance the information they need to make good decisions. Trade Ledger brings together all the data that lenders need throughout the customer lifecycle, analyses that data, and automates key processes. Lenders can act faster with less risk and serve more businesses and can also move into new services such as embedded finance, including offering loans as part of the payment journey on websites selling to businesses.