This new integration makes it even easier than every for global commercial buyers and sellers to digitally connect along every transaction phase. The new solution automates same-day cross border payment services from commercial transactions anywhere in the world more accurately, securely, and with lower fees than traditional correspondent banks.

Seamless integration of the TransferMate app eliminates complexity, improves speed, transparency, and reconciliation while also saving time by enabling Tradeshift customers to complete all last-mile cross border payment transfers within the Tradeshift platform.

“TransferMate’s proven global customer success integrated software platform, together with one of the widest portfolios of regulated payment licenses across the globe, makes them an ideal application partner,” says Christian Lanng, Chief Executive Officer, Tradeshift. “More accurate, faster cross-border payments such as those that TransferMate provides are a critical value add for our customers.”

“TransferMate provides an integrated payments platform for importers and exporters to send and collect their funds across the globe. This greatly improves working capital and eliminates unnecessary cost and administration for companies. We are delighted to partner with Tradeshift given their mission to help buyers and suppliers digitize trade transactions. Adding the functionality to pay or receive internationally and combining TransferMate’s global network of regulated payment licenses within the Tradeshift platform provides their customers across the world with significant savings” says Sinead Fitzmaurice, Co-Founder TransferMate Global Payments.

This unique TransferMate offering has also attracted major strategic investments from leading digital banks such as ING Group N.V. and Allied Irish Bank, who invested €51 million in 2018 and also partner with TransferMate to enhance the bank’s capabilities to provide their B2B customers with a seamless cross border payments solution.