International providers of trade credit insurance Euler Hermes Group and C2FO, creators of the first market for working capital, have announced a strategic partnership to provide C2FO customers access to its ‘Single Invoice Cover’.

Acting through the US-based subsidiary, Euler Hermes Americas, the partnerships main purpose is to help support and protect C2FO’s small businesses against the risk of ‘unpaid/late invoices’.

Euler Hermas stated that the collaboration is a “concrete illustration of Euler Hermes’ strategy to expand beyond its traditional and oldest business line” to match the transformative needs of today’s business leaders.

“As a 125-year-old company, we are truly focusing on digital transformation – be it new products, new agile processes, new audiences or new ways to serve our customers,” said James Daly, president and CEO of Euler Hermes Americas.

“We want to position ourselves at the forefront of innovation, and we’re proud to partner with C2FO, one of the most cutting-edge companies improving the cash flow of small and medium-sized business.”

Single Invoice Cover was launched in late 2017 and the platform enables businesses to purchase credit insurance on single invoices whilst also giving chance to analyse and manage credit risk exposure.

C2FO presents the opportunity for suppliers to take control of their complete cash flow by creating a match between account receivables and payables.

Through the partnership, C2FO customers will be able to purchase credit insurance on individual invoices via a digital platform in apparently less than two minutes.

“C2FO was started with the mission to unlock working capital for companies around the world,” said Sanjay Gupta, president and COO of C2FO.

“Our new partnership with Euler Hermes gives these companies a way to ensure the receivables they rely on to grow and expand their business.”