Clients who use MarketInvoice’s invoice finance products will now be protected if their customers become insolvent or fail to pay within the agreed terms.
They will also have access to a risk prevention tool that monitors a company’s financials.
Ilya Kondrashov, COO and co-founder at MarketInvoice (pictured above), said: “As a fintech business, we look to partner with like-minded businesses [which] are competitive, agile and friendly.
“The underlying aim of this partnership is to enable companies of all sizes to trade with confidence at home or abroad.
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“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 [with] the confidence to expand sales to new buyers and markets.”
Milo Bogaerts, CEO at Euler Hermes UK and Ireland, added: “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.”
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