Momentum highlights include ten quarters of successive growth and 400 percent increase in revenue YoY
Tradeshift Announces Q3 2018 Results
Momentum highlights include ten quarters of successive growth and 400 percent increase in revenue YoY
SAN FRANCISCO, October 19, 2018 – Tradeshift, the leader in supply chain payments and marketplaces, today announced results from the third quarter of 2018, marking the tenth quarter in a row of successive growth and beating targets.Tradeshift’s third quarter growth stats announced today include:
Tradeshift’s customer roster continued strong growth this quarter adding 27 new customers, including Hertz, Shiseido, ECU, and Fortune 500 leaders in retail apparel, agriculture, engineering and construction, hospitality, travel and food delivery.Tradeshift also expanded its app ecosystem by adding a key partnership with Coface, a global credit insurer. Coface has announced a new app solution on the Tradeshift platform offering risk and business information services to help businesses make decisions by ensuring greater financial transparency between buyers and suppliers.“We see accelerating growth in terms of total revenue, number of customers, our partner community, and our capabilities,” said Christian Lanng, CEO and co-founder of Tradeshift. “We added $47 million in total contract value in Q3. That’s up sequentially from about $35 million in Q2. We’re very excited about the increasing momentum of Tradeshift.”
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