The collaboration will empower 4Trans to offer its clients access to more robust insurance products through Allianz Trade brokers.
4Trans specialises in providing financial products tailored for logistics companies and the supply chain industry. This new alliance seeks to equip European SMEs with secure funding options and safeguard them against potential revenue losses. By leveraging the partnership, 4Trans clients will gain access to superior credit insurance, bolstering their ability to navigate financial challenges.
As part of its growth strategy, 4Trans has appointed Martin Chvoj, an experienced risk management consultant, as its Chief Risk Officer. Chvoj’s primary responsibilities will revolve around evaluating and mitigating significant competitive, regulatory, and technological risks faced by the fintech company.
With extensive international experience in risk management, Chvoj brings a wealth of knowledge from his previous roles in Central European and US markets, as well as his involvement in various countries such as China, The Philippines, India, Indonesia, and Vietnam. He also held senior management positions at the consumer finance firm Home Credit Group.
4Trans is committed to expanding its growth trajectory
Commenting on his appointment, Chvoj expressed his enthusiasm, stating, “I am thrilled to contribute to 4Trans’ growth while ensuring that our plans align with prudent credit, fraud, and operational risk management. I believe my past experiences and quantitative approach to risk-related challenges will aid 4Trans in achieving all its objectives.”
4Trans is committed to expanding its growth trajectory, armed with impressive statistics showcasing its accomplishments thus far. The company has regularly vetted over 12,000 contractors and financed more than 80,000 invoices, surpassing a cumulative value of €75 million (US$80.47 million) for SMEs in the supply chain and logistics sector.
Through the collaboration with Allianz Trade, 4Trans will extend crucial funding support to EU SMEs, addressing their cash flow requirements and offering protection against bad debts. The fintech firm prides itself on its factoring products, which empower businesses in the European Union to secure funding for growth and combat cash flow challenges. These solutions allow SMEs to unlock outstanding cash flow from unpaid invoices, enabling them to improve day-to-day operations and invest in expansion plans.
The partnership will further enable 4Trans to fortify its insurance offerings by leveraging the expertise of Allianz Trade brokers. Jaroslav Ton, CFO at 4Trans, expressed his optimism about the recent developments, stating, “Our new insurance partnership with Allianz Trade, combined with Martin Chvoj joining our team, will unlock new opportunities and drive further growth for 4Trans.
As one of the few non-banking European companies with insurance coverage over our portfolio, our customers can be assured that their financing is safeguarded and insured. Especially in today’s climate, effective risk management is crucial for secure company growth. Martin’s extensive experience and expertise will enable us to better understand our clients’ needs and provide top-notch financial solutions in the logistics sector.”
Source: Fintech Global
