Automation platform Trade Ledger raises £1.5m

Business lending platform Trade Ledger which automates commercial lending processes for global banks and alternative finance providers, has announced a strategic investment in a £1.5m round led by Hambro Perks.

Established in 2016, Trade Ledger’s unique lend-tech platform automates all types of digital business finance, helping bank and non-bank business lending organisations alike to fast-track economic growth through process automation and scaling of business credit operations.

Trade Ledger uses financial data APIs, machine learning, AI and robotic process automation technologies to enhance costly legacy bank systems for origination, credit decisioning, take on and loan management, enabling new cutting-edge working capital solutions for business customers.

Co-Founder Martin McCann said: “There is a £1.2 trillion gap in credit that businesses need to optimise growth which is why we created this lend-tech.

“We believe that only by reimagining new types of credit services only possible with this lend-tech, can banks solve this massive business problem profitably and at scale globally. By leveraging open trade data via APIs alongside other enterprise-grade enabling technologies, financial institutions can drive significant operational efficiencies and product innovation within their internal operations and dramatically increase market share.”

George Davies, Partner at Hambro Perks added: “We are delighted to be backing Trade Ledger as Martin, Matt and the Trade Ledger team continue to develop market-leading tech that benefits businesses around the world. Hambro Perks is committed to supporting brilliant founders and teams that are building global businesses, and we believe that Trade Ledger has enormous global potential.

“We are very excited about Trade Ledger’s rapid growth and to support Martin and Matt as they tackle the barriers that have created such a vast undersupply of working capital for businesses across the globe.”