radeling, the hyper-growing e-marketplace focused on business-to-business (B2B) transactions in the MENA region has signed a partnership agreement with MODIFI, the global fintech company that helps buyers and sellers finance and manage their trades.
With MODIFI’s solution, Tradeling will provide buyers with favorable payment terms of 30, 60 or 90 days, while paying their suppliers early. This will increase buyer’s purchasing power, provide sellers with additional liquidity and unlock potential to further grow their business.
Tradeling ensures a reliable and smooth trade process in addition to providing logistics and financing solutions. Connecting global suppliers with MENA-based demand, Tradeling leverages advanced technology to optimise the supply chain and creates economic value in addition to mitigating risks.
MODIFI provides customers with simple digital solutions to finance their trades, protect them from risk, and easily track and manage their shipments
Marius Ciavola, CEO, Tradeling said: “Financing is an important component of our business to facilitate trade, through our partnership with MODIFI, we want to offer our customers the finance solutions they need to succeed and grow. The partnership will further help businesses to secure additional liquidity to fund trades where traditional financing solutions cannot help. It will increase their buying power and qualify them for discounts, which will enable companies to further improve margins and make their operations more profitable”.
Nelson Holzner, Co-Founder and CEO, MODIFI said: “We are delighted to enter into this partnership with Tradeling, who are embarking on a very exciting journey in the MENA region. It’s a very important market for MODIFI and we see a lot of demand for our digital trade finance solution. Like Tradeling, MODIFI believes that trade is a key driver for development around the globe, and we are happy to enable local buyers and sellers to grow their businesses.”
