Tradeshift acquired the cloud integration technology provider Babelway.
Tradeshift, a Copenhagen-founded with HQs in San Francisco, USA business commerce and supply chain finance platform, announced that it has acquired cloud integration technology provider Babelway.
Financial details were not disclosed.
Babelway’s technology will now be offered as Tradeshift Link, which will help the integration of disconnected systems used for B2B buying, paying, and selling, which is a significant challenge for companies building digital supply chains.
Tradeshift Link allows banks and third-party app providers to connect to the Tradeshift network to offer financial solutions such as financing and early payment services.
Tradeshift, founded in Copenhagen in 2010 by Christian Lanng, Mikkel Hippe Brun, and Gert Sylvest, is a cloud-based business network connecting buyers and suppliers. Tradeshift connects 800,000 companies across 190 countries and is headquartered in San Francisco, with offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, Munich and Sydney.