Allianz Trade partners with 4Trans as company grows 350%

Fintech company 4Trans partners with Allianz Trade to offer funding solutions and credit insurance to European supply chain SMEs

4Trans, a fintech specialising in financial products for the supply chain sector and logistics companies, has partnered with Allianz Trade to offer small and medium-sized enterprises (SMEs) solutions and superior credit insurance. This partnership aims to provide European SMEs access to secure funding solutions and protection against potential revenue loss, as well as enable 4Trans clients to have access to stronger insurance products. 

In addition, 4Trans has hired experienced risk management consultant Martin Chvoj as its new Chief Risk Officer, amongst reporting 350% year-on-year growth. Chvoj will handle the assessment and mitigation of significant competitive, regulatory and technological threats for the fintech company. He comes with extensive international experience in risk management having previously operated in highly regulated countries in Central Europe and the USA. Chvoj also has experience in China, The Philippines, India, Indonesia, and Vietnam, and held senior management roles at consumer finance company Home Credit Group.

Martin Chvoj spoke on his appointment, stating: "I am delighted to be able to contribute to the growth of 4Trans while ensuring that our plans will go hand-in-hand with sound management of credit, fraud and operational risks. 

“I believe that my past experience and quantitative approach to risk-related challenges will help 4Trans to achieve all its goals."

4Trans seeks to invest further in its growth plans

Key facts
  • 12,000 regularly checked contractors
  • 1350m value of financed invoices
  • 80,000+ number of financed invoices

To date, 4Trans has financed more than 80,000 invoices with a total of over €75m (US$80.47m) for supply chain and logistics SMEs.

Through its partnership with Allianz Trade, 4Trans will be able to provide EU SMEs with the necessary funding to support cash flow needs, as well as ensure that they are protected against poor debts. 

4Trans prides itself on its factoring products that equip businesses in the EU with what they need to gain access to funding for growth and protection against cash flow challenges. The products also enable SMEs to access outstanding cash flow from unpaid invoices, thus enabling them to use their own funds to improve daily operations or invest in growth plans.

The partnership will also enable 4Trans to offer stronger insurance products to its clients through brokers from Allianz Trade. 

Jaroslav Ton, CFO at 4Trans, said of the new changes: "Our new insurance partnership with Allianz Trade, along with the arrival of Martin Chvoj, will bring new opportunities and further growth to 4Trans. 

“We are one of the few, if not only, European non-banking companies that have insurance over its portfolio. Thanks to our risk processes, which are now strengthened with our new partnerships and Martin’s arrival, our customers can be assured that their financing is protected and insured. Especially in today’s times, it is important to manage risk to help your company grow safely. 

“Martin’s rich experience and expertise will allow us to better understand our client's needs and provide them with top-class financial solutions in the logistics sector."

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