We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Red hot demand for B2B marketplaces underpins transformational year for Tradeshift
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Red hot demand for B2B marketplaces underpins transformational year for Tradeshift

February 15, 2022
No Comments

New customers - highlights
PT Nilam Anugerah Internasional, a diversified industries company, announced that it will be deploying Tradeshift Pay, Tradeshift Engage and Tradeshift Buy solutions to help digitize trading relationships between the largest government-backed companies across Indonesia and their supply chains.

A large business services provider signed a procurement marketplace operator agreement with Tradeshift designed to enhance the buying experience for clients in the manufacturing industry by creating a quick and easy way to identify trusted sellers and lower pricing.

Network strength
Gross Merchandise Volume across the Tradeshift platform rose by 40 per cent year over year in Q4, while the number of new seller connections to Tradeshift rose by an average of 40,000 per month. Tradeshift estimates that new customers signed over the past year will bring at least $20 billion in additional GMV within scope during the initial go-live period, with potential for significant further expansion thereafter.

“B2B marketplaces have been the number one driver of new revenues for us over the past 12 months," said Christian Lanng, CEO and co-founder, Tradeshift. "That's a real testament to our platform strategy and the underlying strength of our network. Millions of businesses use Tradeshift to connect digitally and automate transaction workflows. When it comes to delivering a B2B marketplace solution that's as robust on the back end as it is intuitive on the front end, we're building on rock solid foundations. It’s a world away from the proliferation of thinly reskinned consumer sites, masquerading as enterprise products, that fail to reflect the way businesses connect and transact.”

Fintech acceleration
Tradeshift announced $200m in funding and debt in Q4 to help further accelerate network growth and product development. A proportion of the new investment going towards scaling and expanding Tradeshift's fast-growing portfolio of fintech services for buyers and sellers.

Annual charge volumes on Tradeshift Go, a virtual credit card product, surged past $2.5 billion in 2021 and more than $4bn annualized. Tradeshift Cash, which provides sellers with early payment options on the full value of their outstanding invoices has also emerged as a key driver of future revenue with massive potential to scale.

"2021 has been a transformational year for us both in terms of our business and in terms of the value proposition we can deliver to buyers and sellers,” said Christian Lanng. "Enormous growth opportunities are opening up across our entire product portfolio and we certainly do not intend to be shy about taking any steps we believe are necessary over the coming year to fully realize this potential."

Senior talent
Tradeshift has made a number of strategic appointments to support the next phase of the company’s growth. Marissa Mattson joins from Amazon Web Services as Chief People Officer with a particular focus on culture and engagement, talent management, talent acquisition and Total Rewards. James Stirk has been promoted to SVP Global Sales & Marketing. Dan Russi, formerly CIO at Tradeshift, will take on a new role as SVP, Global Business Operations.

http://www.tradeshift.com/
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
KEYWORDS Tradeshift
    • Related Articles

      Global supply chains are struggling to keep pace with spiking orders volumes, Tradeshift data reveal

      Challenging outlook for global supply chains as costs rise while orders fall

      US trade recovery accelerates past China in Q2

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • Panorays extends risk management throughout the digital supply chain

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing