back Back

Allianz Trade partners with Bueno.money to enter the B2B e-commerce space

By Leandra Monteiro

April 06, 2023

  • Asia Pacific
  • B2B E-commerce
  • BNPL
Share

Allianz Trade, Bueno.moneyAllianz Trade in Asia Pacific announced its venture into the rapidly growing B2B e-commerce space and has secured the first partnership with Singapore-based B2B Buy-Now-Pay-Later (BNPL) player Bueno.money.

Through the credit insurer’s credit solution E-commerce Credit Insurance, Bueno.money is able to offer deferred payment solutions to e-merchants in real-time with credit risks protected.

Powered by this partnership, once an online shopper visits the e-merchant’s website, a pop-up will appear to offer a 60-day interest-free credit line application where the approval process takes no longer than 30 seconds. Once approved, the shopper will be free to shop within the credit line and pay at a later stage, while the e-merchant will receive payment upfront from Bueno.money with credit risks underwritten by Allianz Trade.

Speaking on this partnership, Paul Flanagan, Regional CEO of Allianz Trade in Asia Pacific, said, “Supporting the rapidly growing B2B e-commerce space is an integral part of our growth strategy. Striking this partnership with Bueno.money, we are just as excited for launching this specialty line of business in which we see tremendous potential as global trade continues to progress. With BNPL payment option becoming a must for e-merchants, they will benefit even more from our E-commerce Credit Insurance through attracting more customers from different markets. At Allianz Trade, we have combined our hundred years of expertise in B2B risk assessment and the latest API technology to provide the best solution in the market.”

Iman Aqas, CEO of Bueno.money, said, “We are very excited to be partnering with Allianz Trade, a collaboration that signifies a vital step for Bueno.money, our customers, and the B2B invoicing industry. Together, we aim to address the challenges of private credit terms and provide businesses with the tools they need to confidently manage the ever-growing demand for flexibility in B2B commerce. Our partnership is essential in building Bueno’s vision of developing a holistic invoicing ecosystem, allowing businesses to finance and insure their invoices, outsource payment chasing and collections, and make informed decisions based on aggregated data. By combining Allianz Trade’s insurance expertise with our innovative invoice financing platform, we are transforming the way businesses manage their finances and providing them with greater flexibility and convenience.”

Previous Article

April 06, 2023

Tarabut Gateway bolsters leadership with appointment of new COO

Read More
Next Article

April 06, 2023

Peach Payments raises $31m Series A funding led by Apis Partners

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Asia Pacific

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

LTIMindtree & Eurolife FFH to setup Gen Al and Digital Hubs in Europe and India

Read More

February 12, 2024

Uinsure secures PE investment from LDC to fuel growth

Read More

February 12, 2024

InsurTech JAVLN appoints Rosalie Lau as Chief Financial Officer

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023