E-invoicing startup Tradeshift has landed another client. Tradeshift founder and Christian Lanng would neither confirm nor deny the name of the client but well-placed sources have confirmed to us that it’s Mitie, a strategic outsourcing, energy and properties services company which is part of the FTSE 250.
In an obscure blog post on his site Lanng referred to a new client as an enterprise which “manages facilities, energy and properties for its clients and is a leading FTSE 250 support services business.”
Tradeshift competes with Ariba, Basware, OB10, Coupa and Maventa.com. However, it has so far landed contracts with the UK’s National Health Service and Danish and French governments.
It recently raised another $7m round from Notion Capital and already has angel investment from former MySQL CEO Mårten Mickos and founding investor in Last.fm Stefan Glaenzer, alongside PayPal. It has $24m in funding to date.
As a platform for all your business interactions, Tradeshift helps companies run more efficiently, harnessing the power of their network to create new value from old processes like invoicing, payments and workflow. For smaller companies, a free account with apps like e-invoicing can become a route to getting paid faster or even open doors like dynamic discounting. Meanwhile, Tradeshift Apps allow them to securely link in other key processes like online accounting in seconds. For enterprises that work with tens of...