Today Tradeshift the supply chain payment and marketplace company
announced the acquisition of Babelway. Tradeshift’s marketplace connects buyers and sellers with banks to finance trade. It’s also working on a blockchain trade finance platform that targets SMEs.
Babelway helps companies to integrate documents in a variety of formats, using an easy-to-use cloud-based EDI platform which supports multiple standards.
Earlier this year Tradeshift announced a
$250 million fundraising at a valuation of $1.1 billion. The round was led by Goldman Sachs and Public Sector Pension Investment Board bringing total funding to date to $400 million.
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