Some details on a new partnership for you;
Coface, a global leader in trade credit risk management, has partnered with Hong Kong-based FreightAmigo, an artificial intelligence (AI)-powered trade platform integrating logistics, insurance, and financing services. Through the partnership, FreightAmigo users will be able to access Coface’s business information and credit risk insights in real time, make more informed risk decisions, and reduce their exposure to late payment and bad debt.
[L-R]: Ivy Tse, Co-CEO, FreightAmigo and Chris Murphy, General Manager, Coface Hong Kong, at the signing ceremony.
Supporting SME business expansion
Coface and FreightAmigo have partnered to help SMEs manage the risks associated with cross-border growth. By giving FreightAmigo users access to real-time credit risk insights, the partnership will enable businesses to assess the creditworthiness of overseas buyers, identify potential payment risks earlier and make more informed decisions when entering new markets or taking on larger international orders.
The partnership brings together Coface’s deep expertise in trade credit risk management and FreightAmigo’s global logistics network and AI-powered platform. SMEs using FreightAmigo will be able to access Coface’s in-depth business information and credit risk analysis, helping them trade with greater confidence across markets including Southeast Asia, Mainland China, America and Europe.
The offering is underpinned by Coface’s 80 years of specialized experience across 200 countries in trade credit risk management. Coface’s Business Information ecosystem analyses millions of trade transactions, payment behavior, credit limit movements and claims across sectors and markets every day, providing continuously updated insights into changing business and economic conditions.
“This partnership reflects our shared commitment to continuous innovation and creating greater value for SMEs,” said Chris Murphy, General Manager, Coface Hong Kong. “By combining Coface’s credit risk expertise with FreightAmigo’s digital trade capabilities, we can help businesses make better-informed decisions, manage cross-border payment risks and pursue growth opportunities with greater confidence.”
FreightAmigo has also established itself as a leader in digital trade finance, having previously won the “Digitizing Trade Finance” TechChallenge, an initiative jointly organized by the Bank for International Settlements Innovation Hub (BISIH) and the Hong Kong Monetary Authority (HKMA).
“Partnering with Coface marks a pivotal moment for FreightAmigo,” said Ivy Tse, Co-CEO, FreightAmigo. “By marrying our real-time logistics data with Coface’s global risk analytics, we are delivering a frictionless, AI-driven experience that instantly protects businesses from bad debt while unlocking vital trade financing. Together, we are future-proofing global trade for SMEs.”
Connecting trade data to support SME financing
The partnership will also support faster verification of cross-border transactions through the secure transmission of real-time data to the Hong Kong Monetary Authority’s (HKMA) Commercial Data Interchange (CDI). By enabling participating banks to verify the authenticity of transactions more efficiently, the data pipeline can help SMEs demonstrate their trading activity and access financing on more appropriate terms, supporting their business operations and expansion.
The integrated feature will strengthen Hong Kong’s role as a trusted financial, logistics and trade hub connecting businesses in the region with global markets.
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