Trade Ledger raises £13.5m Series A funding

Trade Ledgers' Series A was led by Point72 Ventures with participation from Foundation Capital, Court Lorenzini, Hambro Perks and other existing investors who participated in its £1.5m seed round.

Trade Ledger, an open banking fintech helping banks and alternative lenders make credit decisions, has raised a £13.5m series A funding round.

The round was led by Point72 Ventures, with Foundation Capital, Court Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors also taking part.

Trade Ledger, founded in 2016, last raised money in 2019 with a £1.5m seed round. With the new funding, the lending-as-a-service platform is looking to 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.”