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Coface and Tradeshift announce strategic partnership

11 October 2018 Coface

Global credit insurer to make risk indicators available to a network of 1.5 million businesses in 190 countries.

As part of a strategic partnership, Tradeshift, the leader in supply chain payments and marketplaces, and Coface, the most global credit insurer, have announced a new app solution on the Tradeshift platform to help businesses make decisions with confidence by ensuring greater financial transparency between buyers and suppliers. Coface and Tradeshift are working together on combining their business ecosystems and expertise in order to co-develop innovative solution to guide companies through the complexity of global trade and to protect them against the risk of non-payment. As a first step, Coface will make business information available through a Coface app integrated into the Tradeshift platform.

“Risk management is such a critical component for cohesive global trade,” commented Christian Lanng, co-founder and CEO of Tradeshift. “This first step of bringing Coface into our integrated procurement platform will add another way for our users to be confident that their supply chain is safe and reliable, no matter where they are doing business.”

“Tradeshift, like Coface, has a unique and differentiated position in the market,” said Xavier Durand, CEO of Coface. “We are ‘for trade,’ meaning we’re committed to providing services that strengthen business’ ability to sell on their domestic and export markets. By joining forces with Tradeshift, the companies using Tradeshift’s platform will have easy access to our best-in-class risk and business information services. This innovative partnership is an illustration of Coface’s ambition to lead the way in reaping the opportunities digital technology brings to our industry."

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