The company plans to expand its lending into more sectors and has longer-term ambitions to move into international markets.
Global banks are focusing on supply chain finance in the year ahead, but many regard digitising their trade finance process as less of a priority.
David Wuttke is Assistant Professor of operations management at the EBS Universität für Wirtschaft und Recht, one of Germany’s leading private business schools.
The six-year old Shanghai-based Chinese online marketplace wants to extend its global reach in lending to micro and small businesses.
Fintech Tradeshift is a firm believer in the power of blockchain to address the problem and transform supply chain finance, says co-founder and CEO Christian Lanng.
First announced nearly a year ago, piloting of the new platform will finally go ahead after a framework for testing was agreed with Demica.