Soma Capital news and trends

Tranch Raises $100M to Expand B2B BNPL for Service Providers
Investments // January 24, 2023

Tranch has raised $100 million in a seed round to expand its B2B buy now, pay later (BNPL) platform. The firm will use the new capital to bring its solution to more software-as-a-service (SaaS) sellers and service providers by growing its team in the U.S....

Quick Reads
Robinhood Acquires FinTech Firm X1 to Offer No-Fee Credit Card

June 22, 2023
Robinhood Markets announced on Thursday (June 22) the acquisition of San Francisco-based FinTech firm X1, which offers users a no-fee income-based credit card with rewards on each purchase. The $95 million cash deal, which is expected to close in Q3 2023, will enable Robinhood to offer its customers access to credit, bringing the company “closer […]

Tranch Raises $100M to Expand B2B BNPL for Service Providers

January 24, 2023
Tranch has raised $100 million in a seed round to expand its B2B buy now, pay later (BNPL) platform. The firm will use the new capital to bring its solution...