Tranched Raises $3.4m in Funding Led by Speedinvest to Simplify the Asset-based Financing Process Through Blockchain Technology

Tranched, a London-based fintech startup, has announced that it has raised $3.4 million in funding led by Speedinvest, a European venture capital firm focused on fintech and blockchain investments. The funding will be used to further develop Tranched’s platform, which utilizes blockchain technology to simplify the asset-based financing process.

Tranched’s platform is designed to automate the process of bundling loans into securities, making it easier and more efficient for banks and other financial institutions to issue asset-backed securities. The platform uses blockchain technology to create a digital ledger that records all aspects of the financing process, from loan origination to security issuance. This allows for greater transparency, efficiency, and security in the financing process, making it easier for investors to purchase and trade these securities.

“We are thrilled to have Speedinvest leading our funding round,” said Tranched CEO, Amir Mokhtar. “Their expertise in fintech and blockchain investments will be invaluable as we continue to develop our platform and bring it to market. This funding will allow us to further enhance our technology and expand our team, enabling us to meet the growing demand for asset-based financing solutions.”

Tranched’s platform is built on top of the Ethereum blockchain and utilizes smart contracts to automate the financing process. Smart contracts are self-executing contracts with the terms of the agreement written directly into code. They allow for the automatic enforcement and execution of the contract, eliminating the need for intermediaries and increasing the speed and efficiency of the process.

The use of blockchain technology in asset-based financing has several advantages over traditional methods. It allows for real-time tracking and verification of assets, reducing fraud and errors. It also increases transparency, making it easier for investors to evaluate the quality of the underlying assets. Additionally, blockchain technology enables the creation of a tamper-proof digital ledger that can be accessed by all parties involved in the financing process, further increasing trust and confidence in the market.

Tranched’s platform is designed to be scalable and flexible, allowing it to be adapted to various asset classes and financing structures. The company plans to expand its platform to include a wide range of assets, including loans, bonds, and real estate.

“We believe that Tranched has the potential to revolutionize the asset-based financing industry,” said Speedinvest Partner, Stefan Klestil. “Their use of blockchain technology to automate the financing process is a game-changer, making it easier, faster, and more secure for banks and other financial institutions to issue asset-backed securities. We are excited to support Tranched as they continue to develop their platform and bring it to market.”

Tranched’s funding round is the latest example of the growing interest in fintech and blockchain investments. In recent years, there has been a surge in investment in these sectors, with many startups raising millions of dollars in funding. The growth of fintech and blockchain technology is expected to continue in the coming years, with many experts predicting that it will play a major role in shaping the future of financial services.

In conclusion, Tranched’s funding round led by Speedinvest is a significant development in the fintech and blockchain sectors. The company’s platform has the potential to simplify the asset-based financing process, making it easier and more efficient for banks and other financial institutions to issue asset-backed securities. With the support of Speedinvest and the growing interest in fintech and blockchain investments, Tranched is well-positioned to make a major impact in the financial services industry.