TradeIn

TradeIn is a groundbreaking fintech startup that provides real-time comprehensive risk management for cash flow. Supported by Google for Startups, TradeIn offers unique solutions for managing the risk of unpaid invoices in real time and financing options for cash flow. The platform aims to address the significant issue of business failures in France, with approximately 50,000 small and medium enterprises (SMEs) facing insolvency each year, partly due to client payment delays and defaults. TradeIn's collaborative platform offers instant evaluation and risk management solutions. The platform's offerings include credit-client risk prevention, financial information on prospects/clients, risk scoring based on client payment behavior, risk alerts for client portfolios, risk mutualization, digital trade credit insurance, digital indemnification averaging 15 days at 95% of the guaranteed debt, debt collection services, and beneficiary participation with up to 30% premium rebate. Additionally, TradeIn offers optimized factoring solutions and emphasizes the importance of standing together against the risk of unpaid invoices. The startup was founded in 2020 in France and operates in the financial services, fintech, insurance, and payments industries. The most recent investment, a Non-Equity Assistance investment was received on 16 May 2023 from the Bank of America Breakthrough Lab. TradeIn's commitment to supporting SMEs that cannot afford standard trade credit insurance, coupled with its focus on digitalized solutions for trade risk management, demonstrates its potential for disrupting the financial services industry. With a global context of 160,000 SMEs facing insolvency due to unpaid invoices, representing a loss of $430 billion annually, TradeIn's innovative approach holds significant promise for the future.