Tradeshift Raises $70M, Launches Financing Jv With Hsbc Focused On B2B Trade

Aug 01, 2023•over 2 years ago

Amount Raised

$70 Million

San FranciscoInformation TechnologyProfessional ServicesOtherSoftwareCommerce and Shopping

Description

Global trade has been in a slump, in part due to ongoing economic pressures in the wake of the Covid-19 pandemic. Now, with some glimmers of recovery on the horizon, a startup that’s built business around tools to enable B2B trading has raised some money and is launching a JV that it hopes will kickstart further activity.

Company Information

Company

Tradeshift

Location

San Francisco, California, United States

About

Tradeshift is the business e-commerce and fintech platform that redefines the way B2B buyers and sellers connect, trade and grow. The Tradeshift network connects over a million companies, enabling them to transact seamlessly and digitally with customers and suppliers anywhere in the world. Our unique blend of e-invoicing, marketplace commerce and embedded fintech services gives businesses the tools to streamline finance and procurement processes, access new markets, source new suppliers, and optimize working capital to suit their needs.

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Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Tradeshift Raises $70M, Launches Financing Jv With Hsbc Focused On B2B Trade

Description

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Company Information