Tradeshift Q3 results reveal 107% growth in revenues

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Editor Coda
Nov 13, 2019

Tradeshift, the $1.2bn San Francisco-based supply chain payments company, has announced its 2019 Q3 results.

In the period Tradeshift saw revenue growth of 107% and a surge in its international expansion with a number of new office openings in Asia, Latin- and South America. 

Tradeshift signed 88 new customers and 100 deals, including ones with the Central America Bottling Corporation (CBC), Latin America’s largest bottling company, sports goods manufacturer Nippon Steel Kowa Real Estate (Japan) and a major Korean tech company.

The company, on the Forbes Fintech 250 of 2019 list, expanded its international footprint with new offices in Mexico City, São Paulo and Miami. It also expanded current offices in San Francisco, New York, Alexandria, Bucharest and Kuala Lumpur.

Christian Lanng, CEO of Tradeshift, said: “The results from the third quarter unequivocally show that Tradeshift’s offerings are resonating with major global companies.”

“Adding new offices, employees and customers across the world will only serve to help us dominate the global market, and is making 2020 look incredibly exciting for us,” Lanng added.
 

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