HSBC and Tradeshift to form a joint venture in a $35m deal.

HSBC, a British multinational investment bank and financial services holding company, and Tradeshift, a cloud based business network and platform for supply chain payments, marketplaces, and apps, agreed to form a joint venture in a $35m deal. “Enabling and growing global trade has been in HSBC’s DNA for almost 160 years. We are very excited to partner with Tradeshift to help businesses and their suppliers trade more smoothly using world-class technology and solutions that the joint venture will deliver,” Barry O'Byrne, HSBC CEO of Global Commercial Banking.