Nuvo Enhances Trade Credit Platform with Insurance Policy Management for Allianz Trade Customers

SAN FRANCISCO--(BUSINESS WIRE)--Nuvo, the B2B trade credit tech platform that combines customer onboarding, credit risk assessment, and fraud prevention, has announced a strategic integration with Allianz Trade in North America, the world leader in trade credit insurance.

This integration will enable key elements of Allianz Trade’s trade credit insurance policies to be administered from within Nuvo’s platform. Allianz Trade customers using Nuvo will be able to add coverage for new and existing customers, track approval policy adherence, and optimize alignment between sellers’ customer risk and their insurance coverage, all from within Nuvo.

Nuvo’s platform turns onboarding and risk assessment into a self-service experience for business customers, and offers native anti-fraud measures and KYC/KYB to give new confidence to sellers. This collaboration leverages Allianz Trade's expertise in insurance underwriting and Nuvo's workflow technology to enable sellers to make fast and informed credit decisions and turn their credit process into a competitive advantage.

“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,” said Nuvo co-founder and CEO, Sid Malladi. “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.”

Nuvo’s technology unlocks new growth opportunities for businesses by expanding their buyer’s purchasing power, while also reducing risk exposure. Finance teams using Nuvo can now leverage their Allianz Trade policy when determining credit terms, helping to open up new opportunities while reducing unwarranted risk.

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

For more information about Nuvo and its credit management network, please visit https://nuvo.credit.