Banco Santander Partners With Tradeshift

Banco Santander said Tuesday it is partnering with startup Tradeshift to provide supply-chain finance to the 1.5 million businesses on the private Tradeshift’s digital platform.

The bank also plans to deliver supply-chain finance digitally to its existing clients through the Tradeshift alliance.It expects to roll out the supply-chain service next year globally, after it becomes available to UK clients in late 2017. Santander said a goal is to be able to finance each transaction within the supply chain, to allow vendors financing to execute on orders.

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