A new project from Tradeshift’s digital incubation unit, Frontiers, has used blockchain technology to turn invoices from dumb paper to well-specified digital assets which can be traded. Using that in combination with smart contracts, banks can use invoices from global enterprises as collateral to finance suppliers down into tier 2 and tier 3 of international supply chains. The first ‘live’ invoice was settled through a Smart Contract and licensed digital cash in September 2019 and now Tradeshift expects the concept to impact supplier finance as early as next year. Working Capital Forum director Mike Hewitt spoke to Mads Stolberg-Larsen, blockchain specialist at Tradeshift, and Parvaiz Dalal of Citi to find out more in this exclusive webinar, which you can view on demand.
- PrimeRevenue joins sponsors of Working Capital Forum LondonPrimeRevenue has become the latest solution provider to sponsor The […]
- The Future of Trade Finance: A Working Capital Forum DebateBrückner Group, Commerzbank, Marco Polo and Accenture are all taking part in the next Working Capital Forum online debate, looking at the future of trade finance. Vist the event page for details and to register for free. […]
- C2FO reaches out to Greensill clientsC2FO has offered to waive system set-up fees associated with switching to its online platform to companies affected by the crisis at Greensill. […]
- Greensill Clients Await Apollo RescueCorporate clients of troubled SCF lender Greensill are waiting to see if a proposed purchase of some of its operating business by New York-based private equity firm Apollo Global Management could offer them a lifeline. […]
- Taulia fundraising values firm at $400mTaulia has completed a funding round of $60 million that values the fintech at $400m. The funding was led by the China-based Ping An Global Voyager Fund with J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital also taking part. […]