Unifiedpost and Munich Re Offer Flexible Financing for German SMEs
Unifiedpost Group (Euronext: UPG) (Unifiedpost, the Group or the Company) announces a strategic partnership with Munich Re, acting through Talaria One DAC, to provide invoice financing to the users of Unifiedpost’s SME platform Banqup.
Unifiedpost, market leader in e-invoicing solutions, and Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions and acting through the Ireland-based Talaria One DAC, will co-create a functionality integrated in Unifiedpost’s SME platform Banqup. This allows users to get their outstanding invoices paid immediately and in this way unlock liquidity for the SME. As Munich Re’s insurance expertise and financial capacity are combined with Unifiedpost’s technology and customer base, the synergies for this partnership are significant. The first launch will be done in Germany with the short-term ambition to expand the functionality to multiple countries Unifiedpost is operating in.
Unifiedpost and Talaria One DAC signed the cooperation agreement on 24 January 2023 and plan to kick off the integration in the second quarter of 2023.
Commenting on this strategic partnership, Hans Leybaert, CEO and founder of Unifiedpost, stated: “This kind of invoice-to-cash solutions are often not accessible for SMEs, however the latter do experience working capital constraints even more than mid and large enterprises. We are proud to close this partnership with TALARIA ONE DAC. Our strengths and common values complement each other and form the basis for a successful cooperation.”
Andreas Moser, Head of Embedded Trade Finance Solutions at Munich Re: “Considering these challenging times, small and medium sized businesses currently demand for flexible financing solutions and financial security. Our invoice-to-cash solution does both by increasing liquidity and protecting businesses against non-payment of invoices. We believe that the most user friendly way to offer such a solution, is embedding it into existing platforms used by small and medium sized businesses. Today, Unifiedpost already connects a very large number of small and medium sized business all over Europe with their clients and suppliers. Therefore it is an ideal partner for a seamless integration of our invoice-to-cash solution.”
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