Tradeling, the Middle East and North Africa (MENA) B2B eMarket focused on connecting international sellers with local demand, is building up its system for B2B commerce with a new digital ecosystem, a report said.
Tradeling offers cross-border trade between the Middle East and the rest of the world, and works with a holistic ecosystem and seamless logistics, the report said.
The report says Tradeling connects local businesses with wholesale suppliers globally.
It offers the opportunity to cut down margins, while international sellers can use Tradeling to serve the Middle East market better.
Marius Ciavola, chief executive officer at Tradeling, said the object was to help connect various entities and people.
“We give our users what they never thought they needed, and this has been the backbone of our rapid success,” Ciavola said. “The future of trade is digital, and we are continuing to grow our team and expand our digital ecosystem in the most user-friendly and convenient manner by enabling businesses around the world to trade through a single, seamless, and reliable digital platform.”
Read more: Tradeling, MODIFI Partner on Trade Financing
Tradeling also partnered with FinTech MODIFI in January, PYMNTS wrote.
MODIFI said the companies’ partnership would support Tradeling users working in digital trade finance, letting Tradeling customers get payment terms for 30, 60 or 90 days and pay suppliers early.
Ciavola was quoted in that report saying the partnership “will further help businesses to secure additional liquidity to fund trades where traditional financing solutions cannot help.”
“It will increase their buying power and qualify them for discounts, which will enable companies to further improve margins and make their operations more profitable,” he said.
MODIFI CEO Nelson Holzner said the MENA region was important, with trade being a “key driver for development” everywhere.
Also, in 2020, Tradeling rolled out a credit facility for smaller businesses, letting customers access revolving credit for sellers on its platform.