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Supply Chain Payment Company Closes $250 Million in Series E

Supply Chain Payment Company Closes $250 Million in Series E
Credit: tradeshift.com

Tradeshift, a supply chain payment and marketplace company, acquired $250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments), with additional participation from HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders.

Tradeshift strives to enable supply chain payments and marketplaces for 1.5 million businesses globally, including Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Societe Generale, Unilever, and Volvo. The company’s ecosystem is designed to provide alternatives for trade financing, spend and receivables management, lending and payments, and private marketplaces, unlocking the $9 trillion of capital trapped in online payments.