We’re excited to announce that Tranch has been acquired by Elite Technology, a leading provider of financial management and business operations solutions to the world’s most successful law firms.
In 2024, we continued our exceptional growth, serving some of the largest firms in the world and more than tripling our payment volume. Beau Allison and I founded Tranch just over 3 years ago to transform the payment experience for businesses, and our whole team is excited to join Elite and further scale our innovative technology with our existing shared clients and the wider Elite customer community.
With our consumer fintech backgrounds, we focused on the professional services space, which is unique in the volume of manual work required by finance teams at law firms and their clients. In 2021, we launched the first Pay Later solution for the services industry and augmented this industry-first offering with the best-in-class, secure payment experience across FedNow, RTP and card payments. In 2024, we delivered our invoice automation solution to transform the full invoice-to-payment cycle alongside a host of other game-changing features for partners and end-users alike.
Ever since we first met Mark Dorman, we were excited by Elite’s potential as the legal industry moves to cloud-based systems and SaaS solutions. We’re thrilled to integrate with Elite while continuing to serve the broader industry and law firms who want to accelerate their collections, improve profitability and offer a best-in-class invoice-to-payment experience.
Read more here: https://lnkd.in/eDtVf7eM