Tradeshift, a San Francisco cloud-based business network and platform for supply chain payments, marketplaces, and apps, has raised $200 million in new working capital from a group of investors including Koch Industries.

A provider of B2B marketplace and related digital financing services for businesses now has major new cash in the bank to start the new year.

Tradeshift, a San Francisco cloud-based business network and platform for supply chain payments, marketplaces, and apps, has raised $200 million in new working capital from a group of investors including Koch Industries, IDC Ventures, LUN Partners, Private Shares, and Fuel Capital.

The company, which has been in business since 2018, will use the money to “to accelerate product development and network growth.”

“Embedding financial services directly into our product unclogs the flow of working capital across supply chains, eliminating a significant pressure point in the buyer-suppliers relationship,” says Tradeshift CEO and co-founder Christian Lanng.

Tradeshift provides digital invoicing and accounts payable automation, B2B marketplaces services and access to supplier financing. The company’s platform helps buyers and suppliers digitize invoice processing, automate accounts payable workflows and scale quickly, Tradeshift says.

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“As one of the first companies to recognize the potential for embedded finance in software-as-a-service (SaaS), we have been betting on the convergence of financial technology and SaaS products for a while,” Lanng says. “We’ve built the technology and distribution channels to capitalize on what is now one of the defining trends in our industry.”

Tradeshift says the cumulative value of transactions processed across its network had passed the $1 trillion mark while charge volumes are expected to exceed $2.5 billion in 2021

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