AECB, Tradeling to offer better credit facilities to UAE businesses

Al Etihad Credit Bureau (AECB) signs an agreement with Tradeling, the Middle East and North Africa’s dominant eCommerce platform focused on business-to-business (B2B) transactions, to facilitate offering better credit facilities to platform buyers.

Parties will work together to digitize the credit assessment and facilitation process of enterprises and SMEs looking to take advantage of any of the platform’s credit finance offerings, which will become a major component of Tradeling’s decision-making process after assessing the risk of the applicant’s credit finance request.

As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, allowing them to focus on growth and scaling up their businesses while remaining financially secure. Furthermore, Tradeling will act as a non-financial institution, reporting to Al Etihad Credit Bureau borrowers’ positive and negative payment behaviors.

Tradeling’s finance solutions now include direct credit lines, which allow UAE-based businesses to purchase products from a diverse range of sellers in 14 different categories with deferred payment terms of 30, 60, or 90 days.

“This collaboration will positively empower the B2B platform to boost its participant’s businesses through facilitating credit facilities with attractive payment terms based on the extensive information provided in the credit reports and score. As a result, our credit reports and credit scores will not only help Tradeling make informed decisions but will also allow them to generate informed foresights and KPIs, eventually leading them to sustainable prosperity for market players through better cash flow management,” said Marwan Ahmad Lutfi, Chief Executive Officer, Al Etihad Credit Bureau.

Tradeling will report to the AECB the repayment behavior of companies that have used credit facilities, so that it will appear on their credit report, affecting their credit score.

Marius Ciavola, Chief Executive Officer, Tradeling said: “To further drive the growth of our customer’s businesses and reduce credit risk exposure, we are committed to promoting best practices through essential collaborations. The collaboration with AECB is a key step toward better understanding and serving our consumers, as well as differentiating service offers for clients with a good credit history.”

AECB’s products better support investment and credit decisions to reward companies’ ability to maintain timely payment schedules and creditworthiness, as well as access the best products and offerings in the industry. Companies can rely on AECB’s robust products and capabilities to evaluate their financial risks.

Tradeling, led by a team of experienced technology startup builders, ensures a dependable and smooth trade process while also providing logistics and financing solutions. The platform connects global suppliers with MENA-based demand, leveraging advanced technology to optimize the supply chain and create economic value while mitigating risks.