LONDON--(BUSINESS WIRE)--Tinubu Square, a leading developer of SaaS platform solutions and credit risk management analytics for credit insurers and corporations, has signed a 10-year contract with Export Development Canada (EDC). The company is also confirming its ambitions in North America with the opening of a new office in Montréal.
Tinubu Square is working with EDC to design, build and implement a modern, integrated web platform that will provide Canadian exporters 24/7-access to simple credit insurance solutions. EDC insurance protects exporters against payment defaults and allows them to offer more flexible payment options to buyers. Credit insurance allows exporters to grow in new markets with confidence and improves their access to working capital.
Tinubu Square recently provided EDC with the necessary platform to introduce two new products. “Trade Protect” is EDC’s first online credit insurance solution designed specifically for small businesses. “Trade Partner Insurance” is a reinsurance solution offered by EDC to private credit insurers to help them strengthen their support of Canadian exporters.
Established for several years now in North America, and boosted by its recently-opened offices in New York and Montréal, Tinubu Square continues its expansion into North America with the signature of a large-scale partnership with EDC, Canada's export credit agency.
EDC is Canada’s official export credit agency and offers financing, insurance, performance bonding and other financial services to Canadian exporters and investors in nearly 180 markets worldwide.
“Canadian exporters are looking to new markets in more challenging times, and EDC is shifting the way it does business to meet their needs for simpler, faster and more predictable services. With this new platform, our vision is to make it easier for exporters, particularly small businesses, to take advantage of our global credit management expertise, as well as our improved range of credit insurance solutions,” says Clive Witter, Senior Vice-President, Insurance, EDC.
“Launching Trade Protect and Trade Partner Insurance with Tinubu Square and seeing the great feedback we’re receiving already is a very encouraging sign for the future of our programs. This platform is dramatically improving the way that we serve our customers." He said.
Jérôme Pezé, Chairman and founder of Tinubu Square commented: "Signing this partnership with EDC consolidates our development strategy in North America and validates the relevance of our expertise. We consider EDC's confidence in us as proof of our value and recognition from a benchmark institutional player. Our new Montreal office allows us to work closely with EDC and increase the momentum of our development in the North American market which offers attractive potential for our solutions."
About Tinubu Square
A fintech innovation flagship for 15 years, Tinubu Square is the leading European expert in trade credit risk management. Thanks to a high-level knowledge of credit risk, Tinubu enables organizations across the world to significantly reduce their risk, financial, operational and technical costs with best-in-class SaaS solutions and services.
With its innovative technological approach, Tinubu Square provides IT solutions and services to different businesses including multinational corporations, credit insurers and receivables financing.
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About EDC
EDC is Canada’s export credit agency, providing advice and financial services for Canadian exporters and investors. Operating on commercial principles, EDC has a partnership-preferred philosophy to collaborate with private-sector financial institutions to share risk and create greater capacity for Canadian trade transactions. EDC is committed to Corporate Social Responsibility, and it takes into account the environmental and social impacts of its transactions.