29 April 2017
Visit EBAday.com

Santander invests in B2B supply chain platform Tradeshift

05 December 2016  |  17210 views  |  0 Santander logo web screen shot

Santander's global venture capital fund has made its latest portfolio investment in supply chain platform Tradeshift.

Headquartered in San Francisco, Tradeshift operates a B2B e-commerce platform, connecting 800,000 companies across 190 countries. The company boasted a 250 percent growth rate in 2015 for its procure-to-pay capabilities, faster payments services and predictable cash flow services.

Mariano Belinky, managing partner, Santander InnoVentures, says Tradeshift is at the forefront of tackling a very real business need.

"Tradeshift gives enterprises the ability to work easily and efficiently with their entire supply chain, while providing SMEs with access to a predictable cash flow through procure-to-pay automation," he says. "Tradeshift has built an open business network on a scalable cloud-first platform that is extensible by third-party applications. This architecture is a key differentiator."

The open architecture will give the bank the opportunity to build added value services across the Tradeshift platform for its corporate and business partners, he adds.

Christian Lanng, CEO and chairman at Tradeshift, comments “Santander has a track record of collaborating with its portfolio businesses. We are excited by the opportunities this investment will create to explore new offerings and different geographies around the world.”

The size of the investment was not disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Santander doubles down on fintech fund

Santander doubles down on fintech fund

19 July 2016  |  11382 views  |  0 comments | 23 tweets | 29 linkedin
Santander investment fund buys stake in digital ID firm Socure

Santander investment fund buys stake in digital ID firm Socure

22 June 2016  |  8518 views  |  0 comments | 16 tweets | 4 linkedin
Big banks join $40 million SigFig round

Big banks join $40 million SigFig round

24 May 2016  |  5467 views  |  0 comments | 8 tweets | 6 linkedin
Santander soft launches Kabbage in UK

Santander soft launches Kabbage in UK

04 April 2016  |  12171 views  |  1 comments | 20 tweets | 25 linkedin
Santander creates tech-heavy advisory board

Santander creates tech-heavy advisory board

22 March 2016  |  11844 views  |  0 comments | 34 tweets | 34 linkedin
Santander InnoVentures and IE Business School to host startup series

Santander InnoVentures and IE Business School to host startup series

02 December 2015  |  5239 views  |  0 comments | 13 tweets | 5 linkedin
Santander signs global PFM deal with Meniga

Santander signs global PFM deal with Meniga

10 November 2015  |  8848 views  |  1 comments | 21 tweets | 18 linkedin
Three big banks join $135 million Kabbage funding round

Three big banks join $135 million Kabbage funding round

14 October 2015  |  6743 views  |  0 comments | 18 tweets | 11 linkedin
Santander InnoVentures joins Ripple funding round

Santander InnoVentures joins Ripple funding round

06 October 2015  |  8452 views  |  1 comments | 31 tweets | 19 linkedin
Santander invests in Android OS maker Cyanogen; preps cycle-thru branches?

Santander invests in Android OS maker Cyanogen; preps cycle-thru branches?

01 April 2015  |  9129 views  |  1 comments | 10 tweets | 9 linkedin
Santander Innoventures invests $5m in MyCheck

Santander Innoventures invests $5m in MyCheck

30 March 2015  |  8058 views  |  0 comments | 11 tweets | 9 linkedin
Future Money Focus: Mariano Belinky, Santander Innoventures

Future Money Focus: Mariano Belinky, Santander Innoventures

27 March 2015  |  13850 views  |  0 comments | 12 tweets | 12 linkedin
Banco Santander hires McKinsey man Belinky to run Innoventures fund

Banco Santander hires McKinsey man Belinky to run Innoventures fund

03 December 2014  |  9158 views  |  0 comments | 5 tweets | 1 linkedin
Santander launches $100m fintech venture fund

Santander launches $100m fintech venture fund

03 July 2014  |  15570 views  |  0 comments | 21 tweets | 22 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsVisit capgemini.comFind out more

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7714 views comments | 15 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
6962 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
5983 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5924 views comments | 20 tweets | 20 linkedin
hands typing furiouslyMobile Technology, Its Importance, Present...
5679 views 0 | 2 tweets | 1 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job