Allianz Trade joins 4Trans to boost EU SME funding


4Trans, a FinTech firm specialising in financial products for supply chain and logistics companies, and Allianz Trade, a prominent player in the insurance sector, have embarked on a strategic partnership.

The collaboration aims to offer secure funding solutions and protection against potential revenue loss to small and medium-sized enterprises (SMEs) within the European Union.

Headquartered in Prague, Czech Republic, 4Trans has made a significant impact in providing financial solutions to logistics firms, while Allianz Trade stands as a renowned insurer committed to securing businesses against potential pitfalls. The primary objective of the partnership is to cater to the financial needs of EU SMEs, ensuring they have access to secure funds and are guarded against potential losses in revenue.

4Trans, with its emphasis on financial products for supply chain and logistics businesses, is renowned for its factoring products which allow SMEs to access cash flow from unpaid invoices. This support allows firms to leverage their own funds to improve daily operations or fuel growth plans. Allianz Trade, known globally for its insurance offerings, will enrich this service by providing businesses with enhanced credit insurance and protection against non-payment risks through its broker network.

The alliance will equip EU businesses with the necessary funding for growth while ensuring protection against cash flow challenges. Additionally, 4Trans will be able to offer robust insurance products to its clients through brokers from Allianz Trade.

On the heels of this partnership announcement, 4Trans revealed an impressive 350% year-on-year growth, having financed 90,000 invoices with a total exceeding €75m for SMEs in the supply chain and logistics sector.

The company has also welcomed Martin Chvoj, an experienced risk management consultant, as the new chief risk officer. With extensive international experience in risk management across several regulated and emerging markets, Martin will assess and mitigate significant competitive, regulatory and technological threats for 4Trans.

4Trans CEO Jaroslav Ton highlighted the significance of the partnership, stating, “Our new insurance partnership with Allianz Trade, along with the arrival of Martin Chvoj, will bring new opportunities and further growth to 4Trans. Our customers can be assured that their financing is protected and insured. Martin’s rich experience and expertise will allow us to better understand our clients’ needs and provide them with top-class financial solutions in the logistics sector.”

Echoing the sentiment, Martin Chvoj added, “I am delighted to be able to contribute to the growth of 4Trans while ensuring that our plans will go hand-in-hand with sound management of credit, fraud and operational risks.”

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