HSBC launches new e-commerce trade credit solutions with TreviPay
HSBC has partnered with US-based B2B payments and invoicing solutions provider TreviPay to improve the process of digital purchasing for corporate customers by providing flexible payment options and financing solutions to business buyers at the point of sale.
HSBC launches B2B financing solutions with TreviPay
The bank will use TreviPay’s order-to-cash technology to help businesses embed trade credit access into their online sales portals, as well as to manage invoices, buyer verification processes, and receivables financing.
According to a joint statement, the two companies say these tools “can support businesses in improving their cash flow by reducing days sales outstanding (DSO) and optimising resource allocation”.
“By working with TreviPay, we’re giving our customers the tools to offer more payment choices while managing risks and expanding their online reach,” comments Vivek Ramachandran, head of global trade solutions at HSBC.
TreviPay CEO Brandon Spear adds that the partnership will enable the Kansas-based paytech to “scale our technology and leverage an API-based model to move into new markets”.
HSBC previously formed a partnership with Tradeshift last October, which culminated in the launch of a new B2B embedded finance technology company called SemFi, with the aim of providing embedded payment, trade, and financing solutions for marketplace and e-commerce venues specifically.
