Elite, a financial management service for law practices, has acquired B2B payments platform Tranch.
Elite aims to offer its customers greater choice and flexibility in managing their work-to-cash process, helping law firms reduce payment delays, increase cashflows, and boost profitability.
Tranch's electronic payment offerings include instant payment services, virtual card terminals, and the ability to spread payments over time, which helps law firms reduce their cash collection cycle and enhance profitability.
The acquisition will enable Tranch to scale its capabilities further and continue its rapid, product-led innovation under Elite's ownership.