Santander Group's venture capital fund Santander InnoVentures has invested in Tradeshift, a leading business commerce and supply chain finance platform. The investment will help Tradeshift broaden its capabilities and grow its B2B marketplace platform. Tradeshift sees Santander as a natural fit due to its commitment to applying emerging technologies to solve customer challenges. Santander views Tradeshift as being at the forefront of tackling enterprise supply chain needs through its procure-to-pay automation and cash flow solutions.
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NEWS
Santander InnoVentures invests in Tradeshift
Santander Group’s global venture capital fund announces investment in leading business
commerce platform
London, 5 December 2016. Santander InnoVentures, the fintech venture capital fund of
Santander Group, today announced its latest portfolio investment in Tradeshift, a leading
business commerce and supply chain finance platform based in San Francisco. The Santander
InnoVentures investment will used to further broaden Tradeshift’s capabilities, fuel the
development of its platform and grow the ecosystem surrounding its B2B marketplace.
Tradeshift is used by a broad range of Fortune 500 companies such DHL and Zurich
Insurance Group as well as many large institutions such as the National Health Service. The
company boasted a 250 percent growth rate in 2015 for its procure‐to‐pay capabilities,
faster payments services and predictable cash flow solutions.
“Santander InnoVentures is a natural fit as an investor because of its commitment to support
and apply emerging technologies to solve the real world challenges of its customers,” said
Christian Lanng, CEO and Chairman at Tradeshift. “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.”
Mariano Belinky, Managing Partner, Santander InnoVentures, said: “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.”
“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. As a result, the
potential to provide complementary and added value services around the Tradeshift
platform is particularly powerful,” added Belinky.
Santander is one of the world’s largest providers of supply chain finance. Tradeshift and
Santander are actively exploring opportunities to apply the Tradeshift platform to the benefit
of Santander’s corporate and business customers.
For more information on previous Santander InnoVentures investments, and the strategic
investment philosophy behind the fund, please visit http://santanderinnoventures.com
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About Santander InnoVentures
Santander InnoVentures is a FinTech venture capital fund fully‐owned by Grupo Santander.
The fund is stage‐agnostic and invests both capital and resources in companies globally. It