It was a trial for Marco Polo’s Receivables financing, a product that “allows companies to optimize their working capital, mitigate credit risk and improve liquidity.” It enables two businesses to sell or buy receivables among each other and receive or make the required payment. The press release specifies that more than 700 funding requests were completed after only one day was used for training on average among the different participants.
The test involved firms like Commerzbank AG, SBI Holdings, BMW and many more. Commerzbank had previously handled a trade transaction via Marco Polo.
Image Credits: Pixabay
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