Members guaranteed to be KYC compliant.
Members can find buyers and suppliers.
Members can buy business (credit) reports on each other.
Members can 'handshake' their invoices and key documents.
Members can insure invoices against Buyer default.
Members can discount invoices and apply for credit.
Compliance, credit analytics, insurance and finance tools to trading companies so that they can compete successfully with the largest competitors and win business. Access to data and tools to get critical data and services at attractive prices with no long term contracts or minimum spend.
Buy, Sell, Credit Insure, Finance with confidence from one dashboard.
Compliance checks, Credit Reports, Trade Credit Insurance, Finance.
Checks on all Members done at platfrom level continuously at no cost.
Buy business (credit) reports - attach to trade credit insurance and finance applications.
Manage default risk through single-click credit insurance for agreed invoices.
Invite buyers on to the platform, offer deferred payment terms and generate more sales.
Buyers, sellers, insurers and financiers share static and transaction data at each stage of the transaction. This includes compliance, business reports and agreed invoices which saves everyone time and money.
For firms who extend credit, non-payment risk of invoices can be insured with a single-click or using human underwriters. This reduces credit exposure and makes it easier to access finance.
Capital tied up in invoices awaiting settlement can be released by selling them to trade financiers with credit insurance protection. Knowing this can help buyers and sellers close more trades.
Regulators, financiers and insurers trade only with firms who pass compliance (KYC)
checks. Therefore, we require Platform Members to have a "Verified" status for account
This status is continually checked in the background saving members from having to worry about this crucial but time intensive task.
Each Member firm and its individual users are checked for the following: Identity, Anti Money Laundering, Politically Exposed Persons and presence on Sanctions lists,
The Platform solves the following problems:
• Finding and retrieving business (credit) reports is time consuming
• Pricing varies considerably by country and speed of delivery
• Storing and sharing (using desktop apps) with colleagues, insurers and financiers is cumbersome.
With a single click Members can:
• Buy up-to-date business (credit) reports at a fair price with a prepaid token
• Use those reports for internal credit decisions
• Share with credit insurers and lenders when making applications.
- Bring trading counterparts on to the Platform with a free Membership.
- Buyer and Seller agree invoice with a 'handshake’.
- Credit insure default risk of buyer.
Credit Insure invoices against Buyer default with single-click cover. Avoid the need
• An annual policy
• A large minimum or deposit premium
• A lengthy application form and approval process
|Inovice: Value:||£1,000 - £250,000|
|Indemnity||75% - 90% of Invoice Value|
|Payment Period of Invoice||30-365 days|
|Pricing Range||0.25% - 0.75% per month|
KYC / KYB compliance checks on Members from the following countries is automated:
UK and Ireland
Larger EU countries
USA, Canada and Australia
Singapore and HK
Larger Lat Am countries
Member can access business (credit) reports on companies resident in the UK and Ireland immediately. Other G20 countries will be added by Q2 2019.
|Confidence:||Members automatically and continuously verified as KYC / KYB compliant|
|Simplicity :||Build profile, invite counterparts, agree invoices, insure default risk and apply for finance|
|Speed:||Applications for credit insurance and finance happen with a single click|
|Integration:||Data integrated into a user-centric and seamless workflow|
|Ease:||Sharing of static and dynamic data makes for speed and accuracy when applying for insurance and finance|
|Certainty:||Buyer and seller handshake on invoices, agreement recorded and stored|
|Free KYC (compliance) checks on trading partner|
|Search for Buyers and Suppliers|
|Low cost credit reports|
|Single-click applications to credit insurers and lenders|
|Contract certainty from 'handshaking' invoices|
|Access to all transaction records from one dashboard|