HSBC to invest USD 35 million in Tradeshift joint venture

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HSBC has invested USD 35 million in Tradeshift, a provider of supply chain finance, as part of an effort to launch a new joint venture company dedicated to the advancement of embedded financial services.

The agreement is a component of a funding round in which HSBC and other investors are anticipated to contribute at least USD 70 million. In order to free up the flow of working capital throughout supply chains, the new joint venture will enable HSBC and Tradeshift to deploy a variety of payment and fintech services embedded into trade and e-commerce marketplaces.

On its platform, Tradeshift supports over USD 260 billion in gross merchandise value annually for a million business users.

Read More: HSBC to invest $35 million in Tradeshift joint venture

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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