Nuvo enhances trade credit platform with insurance policy management for Allianz Trade customers

March 14, 2024

Nuvo, a B2B trade credit tech platform, has announced a strategic integration with Allianz Trade in North America, the global leader in trade credit insurance.

This partnership aims to enhance the B2B commerce ecosystem by leveraging technology and data to streamline workflows and improve credit processes.

The integration will allow key elements of Allianz Trade’s trade credit insurance policies to be managed directly within Nuvo’s platform.

Customers of Allianz Trade using Nuvo will gain the ability to seamlessly add coverage for new and existing customers, monitor approval policy adherence, and align sellers’ customer risk with their insurance coverage—all within the Nuvo ecosystem.

Nuvo’s expertise lies in providing self-service onboarding and risk assessment solutions, coupled with anti-fraud measures and KYC/KYB capabilities. On the other hand, Allianz Trade brings its extensive experience in insurance underwriting to the table.

Nuvo’s platform empowers finance teams with the confidence needed to grant credit, thus fuelling business growth. By turning onboarding and risk assessment into self-service experiences and offering native anti-fraud measures, Nuvo enables sellers to make informed credit decisions swiftly, turning the credit process into a competitive advantage.

Nuvo co-founder and CEO, Sid Malladi, stated, “Allianz Trade’s leading trade credit insurance offering complements Nuvo in our mission to give finance teams the confidence needed to grant the credit that fuels their business growth. We are thrilled to work with a company that shares our commitment to using technology and data to improve workflows in the B2B commerce ecosystem.”

Aaron Lindstrom, Allianz Trade’s Regional Head of Transformation and Digital Partnerships, Americas, added, “It’s more critical than ever that businesses mitigate the risk in their business relationships. Integrating with Nuvo will enable our shared customers to manage their policies more simply, and to protect their operations from unforeseen risk events.”