HSBC and Tradeshift, a renowned B2B FinTech company, will launch a jointly-owned business focusing on the development of embedded finance solutions and financial services apps.

As part of this collaboration, HSBC will make a $35m investment into Tradeshift in two stages, joining its board. The overall funding round, which includes HSBC’s investment, is expected to raise at least $70m.

This joint venture between HSBC and Tradeshift will enable the deployment of various digital solutions across Tradeshift and other platforms. The scope will include payment and FinTech services embedded into trade, e-commerce, and marketplace experiences. This partnership aims to help Tradeshift scale its business commerce proposition around the world.

“The world’s biggest trade bank and the world’s largest trade network are joining forces. Our deepening partnership with HSBC delivers a strong foundation from which to scale and accelerate our vision of a trade network that creates economic opportunity for businesses everywhere.”, said Christian Lanng, CEO and Co-founder of Tradeshift.

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