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. Tradeshift has grown to 900+ people with offices in 12 countries, but our focus hasn’t wavered.
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
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.
Seamless integration of the TransferMate app eliminates complexity, improves speed, transparency, and reconciliation while also saving time by enabling Tradeshift customers to complete all last-mile cross border payment transfers within the Tradeshift platform. This unique TransferMate offering has also attracted major strategic investments from leading digital banks such as ING Group N.V. and Allied Irish Bank, who invested €51 million in 2018 and also partner with TransferMate to enhance the bank’s capabilities to provide their B2B customers with a seamless cross border payments solution.
Tradeshift and Capgemini have entered into an agreement under which Tradeshift will acquire Capgemini’s IBX Business Network. The combination of Tradeshift and IBX will create the world’s largest business commerce platform connecting nearly 1.5 million businesses and more than 500 global enterprise customers that have access to the largest supply-chain app ecosystem. With the acquisition, Tradeshift’s business commerce platform is projected to see an increase in transacted value to more than half a trillion dollars over the next 12 months, which includes recent growth in China and other new markets.
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 Link will accelerate the integration of disconnected systems used for B2B buying, paying, and selling, which is a significant challenge for companies building modern, digital supply chains. Tradeshift Link goes beyond simple document exchange and allows banks and third-party app providers to easily connect to the Tradeshift network to offer financial solutions such as financing and early payment services.
Small and medium-sized sellers, who traditionally have smaller ERP systems and smaller teams, will benefit from Tradeshift Link because it allows them to work more easily with large Fortune 500 buyers.
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 Procure-to-Pay, customers.
Ownership: - x
Number of Employees: 900
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
Tradeshift Key Enterprise and Cloud Applications
Tradeshift Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Tradeshift Revenue Breakdown By Type, $M:
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Tradeshift Enterprise Applications Revenues By Functional Markets, $M:
Tradeshift Enterprise Applications Revenues By Verticals, $M:
Tradeshift Revenues By Region, $M
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Tradeshift Direct vs Indirect sales
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Tradeshift Customers - Breakdown by Geo, Size, Vertical and Product
No. of Tradeshift Customers: 550
No. of Tradeshift Enterprise Applications Customers: 550
No. of Tradeshift Cloud Customers: 900000
No. of Tradeshift Cloud Subscribers: x
Tradeshift connects over 1.5 million companies across 190 countries, processes over half a trillion USD in transaction value yearly, and ts supply chain marketplaces contain more than 35 million SKUs. Customers include Air France-KLM, Archer Daniels Midland (ADM), CBRE, DHL, the National Health Service (NHS) and others.
Tradeshift Market Opportunities, M&A and Geo Expansions
In 2018, Tradeshift raised $300 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board (PSP Investments). Additional participation came from HSBC, H14, GP Bullhound, and Gray Swan, a new venture company established by Tradeshift’s founders.
The new round of financing brought Tradeshift’s total funding to more than $400 million, taking company valuation to $1.2 billion. Tradeshift launched a new AI Layer on Platform, creating simplified commerce. The new intelligence layer, Ada, allows for native and third-party development using artificial intelligence capabilities for over 1.5 million businesses. Tradeshift launched a virtual assistant for payments; now, Tradeshift Ada goes a step further by enabling procurement to provide an AI experience for any user, any time, with any question. This is the first time AI technology will be extended into the entire platform ecosystem, with third-party app developers participating in making Tradeshift Ada among the most robust intelligence layers in the market.
In October 2017, Tradeshift became a governing member of Hyperledger, which aims to drive the development of blockchains.
In March 2017, Tradeshift, released Tradeshift Ada, the world’s first smart interface for B2B commerce that offers new automation capabilities to help users accelerate how they buy, pay and collaborate.
In 2016, Tradeshift launched a virtual assistant for payments; now, Tradeshift Ada goes a step further by enabling procurement to provide an AI experience for any user, any time, with any question. This is the first time AI technology will be extended into the entire platform ecosystem, with third-party app developers participating in making Tradeshift Ada among the most robust intelligence layers in the market.
Tradeshift Risks and Challenges
Tradeshift’s ability to scale out its customer count will be key to its long-term success.
Tradeshift Ecosystem, Partners, Resellers and SI
Tradeshift’s Partners are HP, Wipro, Determine, Xerox, Infosys, Intuit, Atos, Citibank, 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
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).
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