The acquisition will strengthen Elite’s ability to improve law firms’ financial and business management. Credit: Mr. M Nobody/ Shutterstock.

Financial management solutions provider Elite has acquired Tranch, a B2B payments platform specialising in services for law firms. 

Financial details about the transaction remain undisclosed.  

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Set up in 2021 by Philip Kelvin and Beau Allison, Tranch aids law firms in managing invoices and payments. 

Its electronic payment solutions include “Pay Now” through FedNow and the Real-Time Payment Network for bank transfers, “Pay by Card” with virtual card terminals that helps billing teams, and “Pay Later” options.

Tranch’s platform offers law firms an invoice-to-payment solution that shortens cash collection cycles and enables workload capacity without increasing finance staff. 

The acquisition will strengthen Elite’s ability to improve law firms’ financial and business management by providing visibility and control over revenue cycles to expedite growth. 

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Elite CEO Mark Dormans said: “Tranch is an innovative leader that is revolutionising payment processes for law firms, and we look forward to welcoming Philip, Beau and the entire Tranch team to Elite.  

“By embedding Tranch’s products within our portfolio of SaaS solutions, we will offer our customers greater choice and flexibility in managing their work-to-cash process, which will help law firms reduce payment delays, increase cashflows and, ultimately, boost profitability.” 

Tranch CEO Philip Kelvin stated: “In 2024, Tranch more than tripled its payment volume with many of the largest global law firms, including Elite customers, to help facilitate easier and faster payments through automation and innovation. We are excited to join Elite as we scale our capabilities further and continue our rapid, product-led innovation.” 

In October last year, Elite integrated Kantata’s professional services cloud into its global services operations to improve productivity and efficiency.