About Tradeshift
Tradeshift was founded in 2010 by Christian Lanng, Mikkel Hippe Brun, and Gert Sylvest, based on the observation that business-to-business transactions between companies and their suppliers, including invoicing, purchase orders, and payments, have historically relied heavily on paper documents, faxes, and disconnected email exchanges even as consumer commerce and payments moved substantially toward digital, automated processes, creating an opportunity for a digital business network that could connect buyers and suppliers for more efficient, automated electronic transaction processing across the full procure-to-pay cycle spanning purchase orders, invoicing, and payment.
Tradeshift's platform provides a business network connecting companies with their suppliers for electronic invoicing and broader supply chain transaction processing, letting businesses digitize and automate previously paper-based or manual processes such as sending and receiving invoices, matching invoices against purchase orders, and processing supplier payments, addressing significant administrative inefficiency and error potential inherent in manual, paper-based business transaction processing, particularly for large enterprises managing transactions with very large numbers of different suppliers across potentially many different countries with varying electronic invoicing regulatory requirements. The company has positioned its platform as a broader business network rather than only point software, aiming to connect many different buyer and supplier companies onto a shared digital transaction infrastructure that becomes more valuable as more companies join and can transact electronically with each other through the network, a network effect dynamic common among business network platforms that aim to reduce the friction of business-to-business digital transaction processing at scale. Tradeshift has expanded its offerings over time to include supply chain financing capabilities, letting suppliers access early payment or financing options against invoices processed through the network, and broader procurement software functionality. The company's customers span large enterprises and their extensive supplier networks across many industries seeking to digitize and automate procure-to-pay processes. Tradeshift has raised very substantial venture funding from investors including Goldman Sachs, Data Collective, and HPE Growth Capital, reaching unicorn status.
