FinTech firm becomes unicorn after $250m round

Tradeshift, a cloud-based business network for supply chain payments and marketplaces, is raising $250 million in a funding round led by Goldman Sachs and PSP Investments. The global FinTech firm, which operates from 15 global offices including a UK base in London, says the new round of financing pushes its valuation to $1.1 billion. Tradeshift enables supply chain payments and marketplaces for more than 1.5 million businesses globally, including large enterprise brands such as Air France-KLM, DHL, Fujitsu, HSBC, Siemens, Societe Generale, Unilever and Volvo. The funding round will be used for core strategic initiatives, including continued global expansion of Tradeshift in Europe and Asia; growth of transacted volume and value across its platform; and strategic investments into emerging technologies, including blockchain and artificial intelligence.

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