Tradeshift Signs Deal With CapitalAid -- Launches $3bn Factoring Business on Top of Platform

Tradeshift Signs Deal With CapitalAid -- Launches $3bn Factoring Business on 
Top of Platform 
Aims to Solve Funding Needs for SMEs Across EU and UK 
LONDON, UNITED KINGDOM -- (Marketwired) -- 09/10/13 --  Tradeshift, a
platform for all business interactions, announced a new deal with
CapitalAid to launch a $3bn factoring business to help ease lending
to SMEs. The deal will fund B2B transactions on the Tradeshift
platform across all of Europe with a strong focus on the UK. 
Tradeshift, which is free for small and medium enterprises (SMEs) and
has the fastest growing network of connected businesses, is perfectly
positioned to facilitate this funding offering. The CapitalAid fund
will be fully embedded into the platform, which already connects
hundreds of thousands of suppliers to large, global enterprises such
as The NHS, Lear, DHL, and Vestas -- to name just a few. SMEs will
benefit from improved access to cash. At the same time large
enterprises will gain from building stronger, more cash solvent
supply chains. 
The current funding environment in this space has not been an easy
one for small and medium sized businesses to navigate. As noted by
the Guardian just this summer, lending to such businesses, despite
the recent Funding for Lending scheme, has consistently fallen over
the past year. Many feel that the banks' resistance to provide such
funding is stalling much needed economic growth across the UK and the
rest of Europe. 
"Access to cash has always been one of the hardest, yet most critical
components to sustaining and growing any small and medium sized
business. In recent years we've seen the rise of alternative funding
options -- from private funds to crowdsourcing. Tradeshift is in a
unique position to bring another alternative financing option to
businesses across Europe and the UK. This was the perfect opportunity
to have a fund created for the Tradeshift platform," commented
Tradeshift CEO, Christian Lanng. 
"CapitalAid is bringing a new funding solution to the market which is
simple, fast and competitive and we're confident its positive impact
will be felt throughout Europe and the UK. There is an urgent need
amongst small and medium sized businesses, not only for cash and
liquidity, but also for innovation in the financing and lending space
which is dominated by dinosaurs. The current models are slow and
outdated and are failing those needing to sustain and develop their
businesses. CapitalAid will address this failing and deliver the cash
and liquidity businesses need in order to prosper and grow," stated
CapitalAid CEO, Torben Pedersen. 
The Tradeshift platform connects over 500,000 businesses worldwide
and processes tens of millions of B2B transactions every year. The
seamless integration of this new fund, which is backed by several
large hedge-funds, into Tradeshift will allow users of the software
to benefit from real-time credit analysis based on the data that
exists within the platform -- uniquely from both buyers and
suppliers. 
About Tradeshift
 Tradeshift is platform for all your business
interactions. It helps companies run more efficiently by harnessing
the power of their network to create new value from old processes
like invoicing, payments and workflow. 
Launched in 2010, Tradeshift connects 500,000 companies across 190
countries, with over ten thousand more joining every month.
Businesses on the platform include DHL, the National Health Service
(NHS), French Government and Vestas Wind Systems. 
Tradeshift was awarded Best Enterprise at The TechCrunch Europa
awards and Most Innovative Solution by Financial-I. TechCrunch also
recognised it for "Kicking Ass Globally." 
About CapitalAid
 CapitalAid is an innovative provider of capital to
small and medium size businesses trading on electronic invoicing
networks. 
The CapitalAid service will address the cash-flow problems faced by
most businesses today, by offering them instant payment on their
invoices with a ONECLICK solution covering the entire approval
process. We want to disrupt the current credit market by offering
instant cash against invoices -- cheaper & faster than any bank can
do today. 
The simplicity and instant nature of our product will remove the
risk, time and hassle of going through the lengthy form-based credit
approval processes required by banks. By using CapitalAid to improve
cash-flow, our customers can instead focus their time on sustaining
and growing their businesses. 
Press contact
Peter Adams
pfa@tradeshift.com
(415) 794 - 5861
Communications Manager
TRADESHIFT
 
 
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