Tradeshift

Tradeshift

Tradeshift was founded in 2010 by Gert Sylvest and two other co-founders who previously built EasyTrade, an open-source e-invoice network for the Danish government. Sylvest also contributed to the EU PEPPOL project, shaping European e-invoicing standards. The company's core mission is connecting every business in the world through an open business platform. The company automates accounts payable, e-invoicing, compliance, and payments for large and mid-sized enterprises. Its platform serves customers in 70 countries, including China, and is a registered Plateforme De Materialization Partenaire (PDP) in France. Tradeshift connects buyers and suppliers on a single cloud-based network, delivering working capital and embedded financial services. Key investors include HSBC and Goldman Sachs, as named on the firm's website. Mike Cowles joined as CEO in December 2024, bringing over 14 years of experience at Ariba and SAP. The executive team includes Raphael Bres, Chief Product & Technology Officer, who previously served at Workday and PeopleSoft, and Marcus Carr, CFO since April 2025. The company operates 14 offices globally, from San Francisco to Copenhagen, London, Tokyo, and Hong Kong. In December 2023, Salesforce acquired Spiff, where CPTO Raphael Bres had worked before returning to Tradeshift in 2024. Tradeshift differentiates through its open-source heritage and deep regulatory expertise — the platform was built to handle complex e-invoicing compliance mandates from the start. The company's focus on connecting buyers and suppliers via a central network creates a natural two-sided marketplace that reduces friction for both parties.