will marketplaces become the banks of the future? #2

Hello and happy marketplace monday! We are back with newsletter #2 discussing if marketplaces will become the banks of the future, in line with the launch of our new product trade finance! ??

Wherever you are around the globe, we hope our newsletter provides you with some useful insights to stay on top of the latest marketplace news, discover some new reads, and to be inspired by other marketplace leaders ?? ??

Trustshare Updates

Launched our new product - Trade Finance - in partnership with Two ??

• If you haven't heard already - where have you been? This is a game-changer for all B2B marketplaces big and small...
• So what is it? We now offer instant net terms for B2B marketplaces, to provide a working capital solution. No waiting around, instant payment up to 250k, choose 30, 60, or 90 days. ??
• Why us? We offer the MOST global reach across Europe and North America, with sellers able to be in 220+ countries and buyers in 12. We also offer instant credit lines up to €250,000, in USD, EUR, or GBP. As well as a simple integration and onboarding process, all in one API solution. ??
• What's so important about trade finance? By adding a trade finance solution to your B2B marketplace amongst a complete financial suite of products, it allows you to have greater insight and ownership of your transactions, getting you closer to the transaction. ??
• Are marketplaces really becoming the banks of the future? Marketplaces are taking over and transforming every industry as it is, but fintech-embedded marketplaces are taking that one step further. By 2025, 50-70% of digital commerce will occur on marketplaces, but so far only a small portion of this $110bn opportunity has been unlocked (McKinsey, 2021). As more marketplaces become fintech-enabled, they will have the ability to conduct payments, manage and gain full insight into all their transactions. This is huge for all marketplaces, but particularly SME's, who have historically been underserved by banking services.
• Read more on the news, in Digital Commerce 360 : 'two fintech firms team up for b2b marketplace payments' and in FF News | Fintech Finance : 'will b2b marketplaces become the banks of the future'
• Find out more via our Linkedin post here, our website here, Two 's post here, or contact Sales here

Welcomed a new team member - Christoph Canal ??

• Chris has recently taken on position as Sales Manager - in which he is managing the sales operations, liaising with current clients, and new opportunities specifically for the DACH region ???? ???? ???? ????
• A few words from Chris... 'Hello and a hallo! I am really looking forward to bringing my experience, knowledge and passion for fintech to the team. If I'm not working, in my spare time you will find me in the pool or at the coffee house.' ??
• Connect with him on Linkedin and see the post here

Marketplace Funding Rounds Globally

Let us know if you are doing a funding round, we can celebrate it here! ??

• konfetti - team events and workshops - secures €2m ????
• OroCommerce - open source e-commerce b2b platform - acquires $13m ????
• Hound - vet med recruitment - raises €1.8m ????
• Beazy - creative content - gains €1m ????

Marketplace Monday Member Feature

Every month there are countless marketplace founders, leaders, and experts gracing Linkedin with their outstanding influence and achievements. We have decided to pick our favourite each month, and *drum roll please* this month it’s…

• Mike Williams ??
• Mike started Everything Marketplaces to build the best & most helpful online marketplace community ?? ??
• The Everything Marketplaces is a community for marketplace founders and leaders and anyone else in-between, connecting over 1,500 people globally. Members range from early stage marketplace founders, to founders & leaders from top marketplaces like Thumbtack , Turo , Hipcamp , Airbnb , Whatnot , Slice , Reibus , and more.
• Founders can go to learn, grow, and accelerate their marketplace startup. By accessing the online platform, resources, products (Co-founder match, jobs board, investor database), the community, and weekly events.
• If you're a marketplace and you are not part of the community, join here!

Recommended Reads & Listens

?? Tips & Tricks - 28 ways to grow supply in your marketplace with prior Growth PM Lead Lenny Rachitsky at Airbnb

?? Interesting insights - B2B marketplace sales rapidly accelerated in 2022 - read more in the?2023 B2B E-commerce Market Report from Digital Commerce 360

?? Listen to - Marketplace Risk 's platform podcast hosted by Eleanor (Elle) Tucker , this episode 'the evolving marketplace model how does insurance fit' with Colin Gardiner

?? Tips & Tricks - Currently fundraising? Check out... How this pitch deck raised $66 million in VC funding with Larry Kim

See you on the next marketplace monday ?? ??

Mia Skelson ( trustshare (acquired) )

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