Tradeshift signs deal with CapitalAid

Wednesday 11 September 2013 00:55 CET | News

Danish e-invoicing B2B social network operator Tradeshift has signed a new deal with CapitalAid to launch a USD 3 billion factoring business to enhance access to cash for SMEs. The deal is set to fund B2B transactions on the Tradeshift platform across Europe with a strong focus on the UK.

The CapitalAid fund is set to be embedded into the platform, which already connects a number of suppliers to global enterprises such as The NHS, Lear, DHL, Vestas and more. CapitalAid is a provider of capital to small and medium size businesses trading on electronic invoicing networks.

Tradeshift’s business model is based on creating an API platform for free, thus allowing third parties to create other applications, as well as create a network with their suppliers, customers and partners to streamline common business processes.

In recent news, Tradeshift has launched Tradeshift Workflow, a cloud-based and mobile-friendly solution that automates repetitive time-consuming tasks to free up human intelligence for the work that matters.

For more information about Tradeshift, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

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Keywords: Tradeshift, CapitalAid, electronic invoicing networks, B2B transactions
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech