Business finance company MarketInvoice has established a partnership with Euler Hermes, a provider of trade-credit insurance, which will provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses.
With Euler Hermes credit insurance, MarketInvoice customers using invoice finance solutions will have the assurance that they are protected in the event their customer becomes insolvent or fails to pay within the agreed terms. Additionally, the Risk Prevention tool that monitors a company’s financials, will allow MarketInvoice customers a forward view on their debtors that will improve future trade decisions.
“As a fintech business, we look to partner with like-minded businesses who are competitive, agile and friendly,” MarketInvoice co-founder and COO Ilya Kondrashov said. “Euler Hermes is a perfect fit for us. The underlying aim of this partnership is to enable companies of all sizes to trade with confidence at home or abroad. This is the joint mission of our businesses and we aim to deliver this for our customers.
“As Brexit dawns, this partnership arrangement, will provide our customers the confidence to expand sales to new buyers and markets.”
“We live in uncertain times.” Euler Hermes CEO for the UK and Ireland Milo Bogaerts said. “Trade, investment and consumer spending are driven by confidence, and uncertainty is the enemy of confidence. Businesses leaders need to plan ahead for how future risks like Brexit might impact them and their supply chains. Plus recent high profile corporate failures reinforce the need to be increasingly aware of the risks of late or non-payment for goods and services provided on credit. This is why MarketInvoice is our partner of choice to help businesses trade with confidence.”
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