Today, unicorn Tradeshift announced it’s working with the Danish Export Credit Agency (EKF) on a solution to help exporters and their suppliers with financing during the COVID-19 crisis. Through supply chain finance, based on the large company’s credit rating, its suppliers could receive immediate payment for invoices.
The early payment is made by a bank, with the risk underwritten by the Export Credit Agency. There is no added financial pressure on the large buyer because it pays the bank on the normal due date.
During the current crisis, there has been a shocking number of trade impediments apart from the physical disruption.
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