MonetaGo are delighted to be taking part in the TradeTech Accelerator Demo Day, at the TradeTech Forum event today, 8 April. This event sees a select group of 14 international startups showcasing their solutions to transform global trade.

MonetaGo's Secure Financing system is the standalone global leader in risk mitigation infrastructure, tackling fraud in both domestic and cross-border trade flows whilst ensuring low-cost, scalable and fast operation for users.

Supported by the Ministry Of Economy, UAE, the Abu Dhabi Department of Economic Development, the World Economic Forum and World Economic Forum Trade & Investment in collaboration with Plug and Play Tech Center, we look forward to collaborating with fellow participants and working together to reduce risk in trade lending and promote equitable access to finance for SMEs and MSMEs.

#trade #globaltrade #tradetech #finance #fraudprevention
Neil Shonhard, Tim Stekkinger, Christian Frost Jensen Central Bank of The UAE Dubai Financial Services Authority (DFSA)

Factoring and credit insurance: A partnership for financial resilience; a whitepaper published by FCI and Trade Finance Global (TFG).

We're revisiting this whitepaper as it explores the symbiotic relationship between credit insurance and factoring, in risk mitigation and enhanced liquidity, to market expansion and data and insights; and how these tools are applied in international trade to provide businesses with stability in often uncertain markets.

A panel of experts discussed the intricate relationship between credit insurance and factoring, including Shan Aboo, Chief Commercial Officer for Asia Pacific, Allianz Trade, Neil Shonhard, Chief Executive Officer, MonetaGo, Dorota Szcześniak, Member of FCI Executive Committee and Supply Chain Finance Committee, Karol Leszczyński, Product Manager, Comarch, and moderated by Deepesh Patel , Editorial Director, Trade Finance Global (TFG).

Read the full whitepaper, free via the link in comments.

#factoring #globaltrade #creditinsurance #tradefinance #whitepaper

TOMORROW: FCI 's Import-Export Factoring online event.

Join us on 2 April to connect and collaborate with fellow FCI members ahead of the 57th Annual Meeting in Rio de Janeiro, through structured virtual networking and engaging discussion.

Designed to connect members, foster community and build opportunity, this online experience will be introduced by Çağatay Baydar, Chairman, FCI, followed by Neal Harm, Secretary General, FCI, speaking on the Import-Export Factoring industry and outlook, with delegates then attending structured bilateral meetings.

MonetaGo will be participating to speak about collateral registries and how they can help to de-risk domestic and cross-border trade, promote SME growth, as well as the technology to power these systems.

Please contact us to learn more about joining this event, or click the link below.

#SME #trade #factoring #fraud #globaltrade

The World Trade Organization's 2024 World Trade Report found that half of trade finance applications made by #SMEs are rejected by lenders.

In Africa, trade finance and factoring lending is vital to SMEs and MSMEs as factoring volumes have experienced a significant rise over the past decade, rising from approximately $22 billion to $42 billion. Promoting financial inclusion is critical to expanding the economic contribution from SMEs and MSMEs, and requires increased collaboration from central banks, regulators and multilateral development banks to reduce business and economic risks associated with fraud.

We're revisiting an article 'Bridging the gap: The transformative potential of factoring in Africa', from a conversation between Idrissa DIOP, Compliance Director, African Export-Import Bank (Afreximbank), Peter Mulroy, former Secretary General, FCI , and Neil Shonhard, CEO, MonetaGo, and looks at this topic with a view on data sharing, investing in technology, and the future of factoring for the continent.

Read the full article, free, via the link in comments below.

#globaltrade #financialinclusion #trade #finance #Africa

FCI 's Import-Export Factoring online event: connecting members, fostering community and building opportunity.

Join us on 2 April to connect and collaborate with fellow FCI members ahead of the 57th Annual Meeting in Rio de Janeiro, through structured virtual networking and engaging discussion. Register with the link in comments below.

#factoring #trade #collaboration