Tradeshift
Tradeshift helps enterprises and suppliers automate invoicing, payments, and supply chain financing globally.
Tradeshift is a cloud-based business network platform that automates purchase-to-pay workflows, e-invoicing, and supply chain financing across 70 countries. It uniquely empowers suppliers as active participants through a unified portal for invoice submission, payment tracking, and early payment financing, while managing compliance globally. The platform connects millions of suppliers to enterprise buyers, eliminating manual processes and enabling real-time visibility across buyer-supplier relationships.
Problem solved
Enterprises struggle with manual invoice processing, payment delays, supplier onboarding friction, and compliance management across multiple countries, while suppliers lack visibility into payment status and access to working capital solutions.
Target customer
Large enterprises and Fortune 500 companies with complex, multi-country supply chains and high-volume supplier networks seeking digital payment automation and compliance management.
Founders
C
Christian Lanng
Co-Founder (Former CEO)
Founded first company at 19, served as youngest Head of Division in Danish Government's National IT and Telecom Agency, led Danish Nemhandel (world's first peer-to-peer trade platform) and PEPPOL European Commission project.
M
Mikkel Hippe Brun
Co-Founder
Co-founder of Tradeshift with roles in founding team.
G
Gert Sylvest
Co-Founder, SVP Fintech Products
Co-founder focusing on fintech products and embedded finance solutions.
Funding history
Series A
Unknown
May 2011
Led by PayPal
· Unknown
Series D
$75M
2016
Led by Unknown
· Unknown
Series E
$250M
May 2018
Led by Goldman Sachs
· Unknown
Series F
$240M
January 2020
Led by Unknown
· Unknown
Series G (Equity & Debt)
$200M
December 2021
Led by Koch Industries
· IDC Ventures, LUN Partners, Private Shares, Fuel Capital
Series H
$70M
August 2023
Led by HSBC
· AYTK Limited, LUN Partners Group, Fuel Venture Capital, Doha Venture Capital LLC, Notion Capital, IDC Ventures, Private Shares Fund
Total raised:
$1.24B
Industries
Pricing
Not publicly available. Free e-invoicing for suppliers included. Contact sales for enterprise pricing.
Notable customers
Danone, National Health Service (UK), Hertz, Shiseido, Schaeffler, Corning, ECU, multiple Fortune 500 companies
Integrations
Amazon Web Services, Salesforce, Amazon Q, PayPal
Tech stack
OWL Carousel (JavaScript libraries)
Modernizr (JavaScript libraries)
jQuery Migrate (JavaScript libraries)
jQuery CDN
Bootstrap (UI frameworks)
Webpack
RSS
PWA
Open Graph
Module Federation
WordPress (Blogs)
AddToAny (Widgets)
Cart Functionality (Ecommerce)
Linkedin Insight Tag (Analytics)
Hotjar (Analytics)
Google Analytics (Analytics)
Demandbase (Analytics)
Atlassian Statuspage (PaaS)
reCAPTCHA (Security)
Imperva (Security)
HSTS (Security)
Google Font API (Font scripts)
Nginx (Reverse proxies)
PHP (Programming languages)
Apple iCloud Mail (Webmail)
Google Workspace (Email)
6sense (Marketing automation)
OptinMonster (Marketing automation)
Marketo (Marketing automation)
MySQL (Databases)
Google Tag Manager (Tag managers)
wpBakery (Page builders)
Salesforce (CRM)
Yoast SEO (SEO)
Yoast SEO Premium (SEO)
Amazon Web Services (PaaS)
WP Engine (PaaS)
Mailgun (Email)
SVG Support (WordPress plugins)
OptinMonster plugin (WordPress plugins)
AddToAny Share Buttons (WordPress plugins)
Contact Form 7 (WordPress plugins)
WPML (WordPress plugins)
Website
Competitors
Coupa
Broader spend management platform; Tradeshift differentiates through supplier-centric model and embedded network of millions of connected suppliers.
JAGGAER
Procurement and sourcing focus; Tradeshift emphasizes payment automation and supplier financing capabilities.
Basware
Network-based procure-to-pay; Tradeshift offers more advanced embedded finance and AI-powered features for invoice automation.
Why this matters: Tradeshift raised $1.24B and achieved unicorn status with a differentiated supplier-centric model that flips traditional AP automation. Recent HSBC partnership and $70M Series H (2023) signals maturity in embedded finance, while AI product enhancements (Ada 2.0, Amazon Q integration) position it at the intersection of fintech and supply chain automation.
Best for: Large enterprises managing complex multi-country supply chains who need to digitize invoicing, automate AP workflows, and provide suppliers with payment visibility and early payment financing options.
Use cases
Global E-Invoicing Compliance
A multinational manufacturer needs to comply with e-invoicing regulations across 13+ countries (France, Germany, China, Poland, Belgium, etc.). Tradeshift handles compliance automatically across 70 countries, eliminating the need for manual invoice format conversions and reducing audit risk by centralizing invoice management.
Supplier Financing Access
Suppliers face cash flow constraints waiting 60+ days for payment. Tradeshift's embedded financing options allow suppliers to access early payment discounts and working capital through the platform, improving supply chain relationships while freeing up buyer cash flow management.
Invoice Automation at Scale
A Fortune 500 company processes thousands of invoices monthly from disparate suppliers using different formats and systems. Tradeshift's AI-powered invoice coding (Ada 2.0) and automated matching reduce manual AP labor by 80%, while the supplier network eliminates individual onboarding campaigns.
Alternatives
Coupa
More comprehensive spend management beyond payments; choose Tradeshift for stronger supplier network and embedded financing focus.
SAP Ariba
Enterprise procurement suite; choose Tradeshift for specialized AP automation and faster supplier onboarding through established network.
Basware
Strong in Nordic/EMEA markets; choose Tradeshift for broader global reach (70 countries) and advanced AI invoice automation.
FAQ
What does Tradeshift do? +
Tradeshift is a cloud business network that automates purchase-to-pay processes, e-invoicing, and supply chain financing for enterprises and their suppliers. It handles invoice submission, payment tracking, compliance across 70 countries, and provides embedded financing options, all within a unified supplier network that eliminates manual workflows.
How much does Tradeshift cost? +
Pricing is not publicly disclosed. Tradeshift offers free e-invoicing for suppliers and customized enterprise pricing based on invoice volume, geographies, and features. Contact their sales team for specific pricing.
What are alternatives to Tradeshift? +
Top alternatives include Coupa (broader spend management), SAP Ariba (enterprise procurement suite), Basware (network-based P2P), and JAGGAER (procurement and sourcing). Each has different strengths, but Tradeshift uniquely emphasizes supplier-centric automation and embedded financing.
Who uses Tradeshift? +
Fortune 500 and large enterprises with complex supply chains use Tradeshift, including Danone, National Health Service (UK), Hertz, Shiseido, Schaeffler, and Corning. Target customers are global companies managing thousands of suppliers across multiple countries requiring e-invoicing compliance and payment automation.
How does Tradeshift compare to Coupa? +
Coupa is a broader spend management platform covering procurement, sourcing, and payments. Tradeshift is more specialized in AP automation, e-invoicing compliance, and supplier financing, with differentiation through its pre-built network of millions of suppliers eliminating vendor onboarding friction. Choose Tradeshift for invoice-centric workflows; choose Coupa for comprehensive spend visibility.
Tags
accounts payable automation
e-invoicing
supply chain finance
procure-to-pay
embedded finance
supplier network
working capital