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Etihad Credit Bureau (AECB) has signed an agreement with Tradeling, a major e-commerce platform in the Middle East and North Africa, to facilitate better credit facilities for buyers on the platform.
Both parties will work to digitize the credit assessment and facilitation process of the credit history of businesses and SMEs wishing to take advantage of any of the platform’s credit financing products, which will be a major part of Tradeling’s decision-making process after assessing credit risk. Applicant’s request for credit financing.
As part of the agreement, local and international sellers on the platform will be able to identify companies with good credit ratings and extend financing terms, giving them an opportunity to focus on growing and scaling their business with financial ease. In addition, Tradeling will report borrowers’ positive and negative payment behaviour to Etihad Credit as a non-financial institution.
direct line of credit
Today, Tradeling’s financial solutions include direct lines of credit that allow UAE companies to purchase products from a variety of sellers in 14 different categories with deferred payment terms of 30, 60 or 90 days.
Marwan Ahmad Lutfi, CEO of Al Etihad Credit Bureau, said: “This collaboration will actively empower B2B platforms to facilitate their participants by facilitating credit facilities with attractive payment terms based on extensive information available in credit reports and scores. Business.
“As a result, our credit reports and credit scores not only help Tradeling make informed decisions, but also allow them to generate informed vision and KPIs, ultimately leading to sustainable prosperity for market participants through better cash flow management. “
repayment behavior
Tradeling will report to the AECB the repayment behavior of companies that utilize credit facilities to show on their credit reports, which ultimately affects their credit scores.
Marius Ciavola, Chief Executive Officer of Tradeling, said: “To further drive growth in our clients’ businesses and reduce credit risk exposure, we are committed to promoting best practice through the necessary collaboration. The collaboration with AECB is a great way to better understand and serve our consumers and a critical step in providing differentiated services to customers with strong credit histories.”
AECB’s products better help support decisions related to investment and credit objectives, rewarding companies for their ability to maintain timely payment schedules and creditworthiness and access to the best products and services in the industry. Companies can rely on AECB’s robust products and capabilities to assess a company’s financial risk.
Led by a team of experienced technology startups, Tradeling ensures a reliable and smooth trade process in addition to logistics and financing solutions. The platform connects global suppliers with MENA-based demand, leveraging advanced technologies to optimize supply chains and create economic value while mitigating risk. – arab trade news agency
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