Announced
Synopsis
Koch Industries, a business conglomerate, led a $200m investment round in Tradeshift, a cloud services provider. Additional investors include IDC Ventures, LUN Partners, Private Shares, and Fuel Capital. “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. As one of the first companies to recognize the potential for embedded finance in SaaS, we have been betting on the convergence of Fintech and SaaS products for a while. We’ve built the technology and distribution channels to capitalize on what is now one of the defining trends in our industry," Christian Lanng, Tradeshift, Co-Founder and CEO.
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