MarketInvoice partners with Euler Hermes

08.02.2018

 

 

  • MarketInvoice is one of the first fintechs to partner with Euler Hermes in the UK.

  • Euler Hermes will offer credit insurance policy to MarketInvoice customers to protect them from impact of bad debt.

08 February 2018, London; Business finance company MarketInvoice has established a partnership with Euler Hermes, the global leader in trade-credit insurance, which will provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses.

With Euler Hermes credit insurance, MarketInvoice customers who use 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.


Ilya Kondrashov, COO and co-founder of MarketInvoice commented:

As a fintech business, we look to partner with like-minded businesses who are competitive, agile and friendly. 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.

Milo Bogaerts, CEO Euler Hermes UK and Ireland, said:

We live in uncertain times. 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.

- Ends -

 

Notes to editors

For further information or interview requests, please contact our press office:

Bilal Mahmood on:
b.mahmood@marketinvoice.com or

+44 (0) 20 3640 7759 and

+44 (0) 790 300 7369.

 

About Euler Hermes
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of bonding, guarantees and collections. With more than 100 years of experience, the company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in over 50 countries with 5,800+ employees. Euler Hermes is a subsidiary of Allianz, listed on Euronext Paris (ELE.PA) and rated AA by Standard & Poor’s. The company posted a consolidated turnover of €2.6 billion in 2016 and insured global business transactions for €883 billion in exposure at the end of 2016.

Further information: www.eulerhermes.com, LinkedIn or Twitter @eulerhermes.

 

 

About MarketInvoice
MarketInvoice is a business finance company with offices in London and Manchester. With their smart online platform and personal customer service, they’re helping businesses take charge of their cash flow, quickly and easily. Since 2011, they’ve provided over £1.7 billion to companies across the UK.

Businesses can choose from a range of working capital solutions, including invoice finance and business loans. MarketInvoice delivers fast, flexible funding to help companies do everything from pay suppliers and staff to launch new products and grow. In 2013, the UK government via the British Business Bank, began lending to businesses through MarketInvoice. This partnership has now seen more than £100m provided to businesses in the UK.
MarketInvoice is a member of the Peer-to-Peer Finance Association and is backed by leading European venture capital fund Northzone (invested in Klarna, iZettle and Trustpilot) and private equity group MCI Capital (also invested in iZettle, Azimo and Gett).