- 28 January 2020
- Singapore SME|SME financing
EQ Insurance & Coface Launch SME Credit Insurance
As published on Coface:
Recognising that a quarter of bankruptcies are linked to unpaid invoices and SMEs are usually the least protected, EQ Insurance and Coface are introducing an innovative solution targeted at SMEs. With a single on-line platform, SMEs could get the quotation and a tailor- made protection package in a few minutes.
“For any Small or Medium Sized Enterprise, the risk of one of their major customers not paying their outstanding trade invoices can severely impact their liquidity position. This portal gives easy accessibility and flexibility for them to obtain the most suitable solution to protect their receivables.” said Fabien Conderanne, CEO of Coface Singapore.