Tradeshift Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Tradeshift Strengths, Domain Expertise, and Key Differentiators

Founded in 2010, Tradeshift is a business commerce platform that connects buyers and sellers For suppliers, Tradeshift delivers free electronic invoicing, faster payments and predictable cash flow. For enterprises, empower them to work more easily and productively with their entire supply chain, anywhere in the world. The company believes that nothing connects a fragmented world like commerce. They digitize and connect everything that happens between a buyer and a seller, anywhere in the world. Procurement, treasury, and AP departments use Tradeshift's supply chain payments and marketplaces to digitally transform their supply chain. With the company's unique app platform, they have access to more than 200 third-party apps and can also build their own applications.

Tradeshift Recent Developments

HSBC and Tradeshift have sealed a pivotal deal to create a joint business focused on advancing embedded finance solutions. In a significant investment move, HSBC will infuse $35 million into Tradeshift across two phases and secure a board position. This collaboration, part of a broader funding round targeting at least $70 million, aims to integrate payment and fintech services seamlessly into trade, e-commerce, and marketplace experiences. The joint venture, slated for an early 2024 launch, positions both entities strategically to tap into the transformative potential of embedded finance. As the financial landscape evolves, this collaboration underscores the trend of traditional institutions embracing fintech partnerships for innovative solutions. The industry anticipates further details about this venture in the coming months.

In July 2021, e-invoicing and accounts payable automation solutions provide Tradeshift released a series of innovations to Ada, a next-level artificial intelligence and machine learning layer embedded on the Tradeshift platform. Accounts payable teams using the Tradeshift Pay solution now have access to a powerful set of tools designed to help them visualize the impact and effectiveness of Tradeshift’s payables automation capabilities compared to human-operated processes.

In April 2020, Tradeshift partnered with Chain IQ, an independent, global service company providing strategic, tactical and operational procurement to its international clients. Leveraging Tradeshift’s technology with Chain IQ’s ability to create value for clients’ indirect spend through comprehensive and fully digitalized procurement and payables solutions, this partnership will help organizations generate savings through price transparency on a managed marketplace, streamline and optimize procurement processes and provide unified easy to use and intuitive user experience across stakes to ensure highest user adoption.

In March 2020, Tradeshift launched Tradeshift Engage, its seller engagement platform designed to build true digital collaboration between suppliers and buyers by delivering value on both sides from day one. For enterprise companies that want to fully digitize their supply chain relationships at speed, Tradeshift Engage flips the challenge of supplier onboarding on its head. Rather than coming to sellers with a lengthy to-do list, buyers looking to encourage suppliers to connect with them digitally can come with a value proposition that offers immediate and tangible benefits without any of the heavy-lift associated with traditional onboarding initiatives.

In February 2019, Tradeshift released a new app integration from TransferMate Global Payments. This new integration makes it even easier than ever for global commercial buyers and sellers to digitally connect along with every transaction phase. The new solution automates same-day cross border payment services from commercial transactions anywhere in the world more accurately, securely, and with lower fees than traditional correspondent banks.

Tradeshift Mergers and Acquisitions (M&A) Activities

At the end of December 2018, Tradeshift has acquired Babelway, a key innovator of cloud integration technology. For years, Babelway has provided a standardized way for the world's largest businesses to connect disparate systems with ease and speed. Now, the company has joined forces with the world's largest business commerce platform, enabling any business in the world to connect to digital global trade. Babelway's powerful technology will now be offered as Tradeshift Link.

Tradeshift Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Tradeshift applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Tradeshift and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Tradeshift Pay, Tradeshift Cash, Tradeshift Go, Tradeshift Engage, Tradeshift Buy, Tradeshift Frontiers, customers.

Tradeshift Key Enterprise and Cloud Applications

Tradeshift Pay, Tradeshift Cash, Tradeshift Go, Tradeshift Engage, Tradeshift Buy, Tradeshift Frontiers,

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Tradeshift Direct vs Indirect sales

Tradeshift Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Tradeshift Customers

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Tradeshift connects over 1.5 million companies across 190 countries, processes over half a trillion USD in transaction value yearly. Some of their customers are Air France-KLM, Archer Daniels Midland (ADM), CBRE, DHL, the National Health Service (NHS)L'Oréal, Volvo, Kuehne + Nagel, and many others.

Tradeshift Market Opportunities, M&A and Geo Expansions

Tradeshift's journey from strategic collaborations to technological innovations and global expansions positions it as a key player in the evolving landscape of embedded finance, with the HSBC partnership poised to drive further advancements in this dynamic sector. The industry anticipates more transformative developments and strategic initiatives from this influential collaboration.

Tradeshift Risks and Challenges

In November 2019, Tradeshift expanded its Bucharest team, showcasing sustained growth both globally and in specific regions. Strategic hires from industry giants like Microsoft, Ariba, SAP, and Oracle bolster Tradeshift's leadership team, aligning with the company's goals for 2020.

Tradeshift Ecosystem, Partners, Resellers and SI

In June 2020, Tradeshift unveiled Partner Next,a newly formalized partner program, designed to provide new and existing Partners with a full range of tools, support and collaboration opportunities to help them accelerate revenue opportunities through rapid digitization of supply chain relationships. Partner Next replaces Tradeshift’s existing partner program which has amassed an ecosystem of 50+ partners since it first launched in 2014. The new program has been designed to provide a framework for new and existing partners to grow and expand with Tradeshift. Existing partners will transition to Partner Next, while Tradeshift will also look to expand its current partner ecosystem into new territories, market segments and category verticals.

Among Tradeshift Partners include HP, Wipro, Determine, Xerox, Infosys, Intuit, Atos, Citibank, Chain IQ, QEDIT, Abreon, WaxDigital and many others.

Tradeshift Cloud Infrastructure Insights

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• Tradeshift Public Cloud and Infrastructure (IaaS)
• Tradeshift Platform (PaaS)
• Tradeshift Application Delivery
• Tradeshift Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: