Tradeshift, a platform for supply chain finance management, has raised US$75mn in its latest funding round, which includes HSBC – the first bank to back to the start-up.

The series D funding round was led by venture capital firm Data Collective and it also included American Express Ventures, Notion Capital, CreditEase Fintech Investment Fund, and Pavilion Capital, a subsidiary of Temasek Holdings.

“Tradeshift has developed a smart supply chain solution that integrates seamlessly with multiple platforms,” says Stuart Tait, global head of trade and receivables finance for HSBC. “We look forward to developing our collaboration with them on the back of this investment; learning from each other and bringing the benefits of digital transformation to our customers.”

HSBC cannot disclose the size of their share of investment, but a spokesperson tells GTR that it was “significant” – and enough to win the bank an observer’s seat on Tradeshift’s board. The new funding will be used to support Tradeshift’s growth plans, which include expanding further into the trade finance business, spend and receivables management, lending and payments. It also plans on scaling its sales, product and engineering operations.

Tradeshift sees these investors as future partners because of the opportunity to deliver financial offerings to their user base. “Tradeshift continues to attract interest and investment because of our unique approach,” says Tradeshift CEO and co-founder, Christian Lanng. “Tradeshift has built an open business network on a scalable cloud-first platform that is extensible by third-party apps. Customers, partners, and investors want to get behind our bold vision because of the huge wins ahead for customers engaged in digital transformation.”

Tradeshift saw 250% growth in transacted value year over year (2014-2015) on its business network. It serves over 800,000 users across more than 190 countries.