UK: MarketInvoice to provide credit insurance to its clients

Invoice finance provider MarketInvoice has partnered with trade credit insurance specialist Euler Hermes to provide credit insurance to its business clients.

As a result of the partnership, clients of MarketInvoice will be able to take out credit insurance policies to protect themselves against any potential losses should their customers fail to pay or become insolvent. MarketInvoice customers will also gain access to a tool that monitors a company’s financials which can be used as a means of risk prevention and be improving future trade decisions.

"MarketInvoice customers will also gain access to a tool that monitors a company’s financials which can be used as a means of risk prevention and be improving future trade decisions."

Speaking of the drivers behind the partnership, Ilya Kondrashov, COO and Co-Founder of MarketInvoice said: “The underlying aim of this partnership is to enable companies of all sizes to trade with confidence at home and abroad”.

Whilst CEO of Euler Hermes, Milo Boagaerts, added that in the current uncertain economic times, business need to take steps to protect themselves from the risk of late or non-payment of goods, making the partnership is a win for helping businesses trade with confidence.

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