San Francisco, United States
Tradeshift is an innovative leader in the B2B, Enterprise Software, Financial Services, Fintech, and SaaS industries. Founded in 2009, and headquartered in the United States, the company offers a transformative solution in AI-Driven AP Automation, as captured in their slogan, “Save Time, Lower Costs, Gain Control.”
Their platform significantly reduces account processing costs by up to 90% for large and mid-sized companies, boasting a clientele that includes massive enterprises like DHL, Danone, HSBC, Kuehne + Nagel, and Air France KLM. By automating accounts payable, e-invoicing, and procurement, they afford buyers and suppliers substantial efficiencies, such as a 99.5% reduction in manual invoice coding. Last year alone, Tradeshift saved its customers over 3 million hours of manual work.
Their global network connects over one million businesses across 190 countries, adding an average of 30,000 new supplier connections monthly. Tradeshift’s recognition as the top Procure to Pay solution by Spend Matters underscores its status in digital finance transformation.
Their compliance proficiency spans over 70 countries, pivotal for navigating e-invoicing mandates, and includes significant certification as a Plateforme Dematerialization Partenaire (PDP) in France.
Recent support through a $70.00M Venture Round on 31 July 2023 by investors such as Notion Capital, HSBC, Fuel Venture Capital, IDC Ventures, LUN Partners Group, The Private Shares Fund, GS Growth, and Doha Venture Capital reinforces Tradeshift's growth trajectory and strategic investor confidence.
