The round was led by Point72 Ventures with participation from Foundation 
Capital, Court Lorenzini, Hambro Perks and other existing investors.

Trade Ledger, the global technology provider to the commercial banking and 
financial services industry, has raised a total of GBP 13.5 million to complete 
its Series A funding round.

The equity round was led by Point72 Ventures, with strong participation from 
Foundation Capital, who led the debt tranche closed previously, Court 
Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors. 

Trade Ledger exists to enable lenders to provide credit to small and medium 
enterprises (SMEs), by showing them at a glance the information they need to 
make good decisions. Its platform puts the customer experience at the heart of 
the process and expands credit distribution without increasing risk, unlocking 
a GBP 1.2 trillion un-served segment of the GBP 7 trillion global SME credit 
market. 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 at greater 
profit. They can also move into new services such as embedded finance, 
including offering loans as part of the payment journey on websites selling to 
businesses. In the four years since it was founded, Trade Ledger has won global 
and regional banks and alt finance providers as customers. Revenues grew 
twelve-fold during 2020. 

With the new funding, Trade Ledger will grow out its sales, marketing and 
customer delivery teams. Martin McCann, CEO of Trade Ledger, said: "This new 
investment will enable us to triple our customer base during 2021. Adoption of 
our technology is critical for the post-pandemic recapitalisation of the 
economy and we are driving growth as fast as our capital allows, to be able to 
support this critical economic need, particularly for SMEs. New digital 
solutions based on real-time business data are the only way to address it." 

Alex Tarhini, Operating Partner at Point72 Ventures, said: "We view Trade 
Ledger as part of an important wave of companies that are disrupting legacy 
financial technology and, in doing so, are moving the financial services 
industry forward. Trade Ledger's data-driven lending capabilities coupled with 
their embeddable, flexible platform are bringing significant new opportunities 
to the business lending market, particularly the small and medium enterprises 
that are the engine of the global economy. Its customers already include the 
top global credit providers, and we believe it will continue to grow rapidly."

George Davies, Partner at Hambro Perks, said: "We are delighted to continue to 
back Martin, Matthias, and the entire Trade Ledger team in their mission to 
build the leading technology to enable lenders across the world to provide 
funding to SMEs. Since our initial investment in 2019 the team has signed 
global blue-chip clients, built an outstanding team, and developed a market 
leading product. We are excited to continue to support Trade Ledger."

Mr Tarhini will join the Trade Ledger board. He joins Court Lorenzini, founder 
of DocuSign, who joined as a non-executive director in 2020; George Davies, who 
joined as a non-executive director in 2019; and Trade Ledger founders Martin 
McCann and Matt Born. Angus Davis, partner at Foundation Capital, continues as 
a board observer.

About Trade Ledger
Trade Ledger was founded in 2016 to help the financial services sector 
reimagine complex business finance for SMEs and mid-market corporates in the 
digital economy.

The lending-as-a-service (LaaS) platform supports all secured and unsecured 
business lending products, transforming data sources from the supply chain into 
actionable insights and tasks. This enables the right lending products to be 
created and offered at the right time, over the right channel, quickly, at low 
risk. Its clients boost their profitability; realising on average a 60% 
origination cost reduction, a 50% reduction in dropouts and loan book growth 
potential of over 100% through embedded finance.

Backed by venture capitalists Point72 Ventures, Foundation Capital and Hambro 
Perks, and other notable investors such as Court Lorenzini (founder of 
DocuSign), Trade Ledger is currently scaling globally to accommodate a 
fast-growing client base of global trade banks, regional and national banks, 
and alternative finance providers. To date it has raised GBP 16.6 million.

Trade Ledger was awarded LendTech Initiative of the Year 2020, Lending Platform 
of the Year 2019, and Startup of the Year 2019.

To find out more about Trade Ledger, see www.tradeledger.io

About Point72 Ventures
Point72 Ventures is a global venture capital firm led by a diverse set of 
domain experts with the capital to lead rounds through all stages of a 
company's growth. The firm invests primarily in Fintech, AI/ML, Enterprise and 
Healthcare technologies. As an independent arm of Point72, the global asset 
management firm led by Steven A. Cohen, Point72 Ventures offers well-informed 
insights into the global economy. Point72 Ventures has offices in New York 
City, Palo Alto, California, and Stamford, Connecticut. For more information, 
visit their website at p72.vc.

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Source: Trade Ledger