UAE Business: AECB, Tradeling to offer businesses in UAE better credit facilities – Gulf Digital News

UAE Business: AECB, Tradeling to offer businesses in UAE better credit facilities – Gulf Digital News

Al Etihad Credit Bureau (AECB) has signed a deal with Tradeling, the Middle East and North Africa’s dominant eCommerce platform, to facilitate offering buyers on the platform better credit facilities.

The parties will work on digitising the credit assessment and facilitation process of the credit history of enterprises and SMEs looking to avail of any of the platform's credit finance offerings, which will become a major element of Tradeling's decision-making process upon assessing the risk of the applicant’s credit finance request.

As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, offering them an opportunity to focus on growth and scaling up their businesses with financial ease. Additionally, Tradeling will act as a non-financial institution, reporting borrowers' positive and negative payment behaviours to Al Etihad Credit Bureau.

Direct credit lines

Today, Tradeling’s finance solutions include direct credit lines that permit UAE-based companies to purchase products from a wide array of sellers in 14 different categories with deferred payment terms of 30, 60, or 90 days.

Marwan Ahmad Lutfi, Chief Executive Officer, Al Etihad Credit Bureau, said: “This collaboration will positively empower the B2B platform to boost its participant's