WALBING

Credit insurance and agency ratings only provide information about a company’s ability to pay. However, ratings do not offer any insight into actual payment behavior. Only payment behavior statistics allow conclusions to be drawn about how well a customer pays their suppliers. For trade receivables financiers, both KPIs are important. Mathematically speaking, ratings are the necessary condition for a company to be considered creditworthy at all. However, the sufficient condition for an investment in trade receivables is that the debtors also pay on time and in full. WALBING is a payment service. We see the invoices and the payment flows, and through analytics, we can determine the risk premiums based on both creditworthiness and payment behavior. And since WALBING is also a marketplace, trade receivables financiers can easily identify which trade receivables are good, and therefore cost-effective, investments, and which are riskier investments. In any case, the financings are priced with risk adjustments. With WALBING, both companies and financiers are always “in sync with the market.” #credittech #ratings #receivables #factoring #bank #banking #fintech

🚀 Ihr seid ein ambitioniertes B2B-Unternehmen und wollt schnell neue Märkte und Kunden erobern? Wir unterstützen euch dabei! Ein großartiges Beispiel: Ein führender Hersteller von Elektromotorrädern nutzt WALBING, um seinen Absatz an Retailern zu finanzieren. Das Ergebnis? Die Produktion wird massiv gesteigert, und die innovativen Produkte erobern blitzschnell neue Märkte in ganz Europa. 🌍 💡 Auf unserem Marktplatz erhält er Finanzierungskonditionen zu echten Marktpreisen – ohne den zeitraubenden Aufwand bei Banken und Factoring-Unternehmen. Die Liquidität aus Rechnungen steht schon am nächsten Werktag zur Verfügung. Wollt auch ihr euer Wachstum auf das nächste Level heben? 🚀 Sprecht uns an! 💬 #Growth #Innovation #B2B #MarketExpansion #Wachstum

Why Solving Real Problems Is More Important Than Technology Hype? Technology is only valuable when it solves real problems. I focus on developing solutions that provide real value, not just promoting technology for its own sake. In the world of FinTech, it’s easy to get caught up in the excitement of the latest technological advancements. However, true success comes from identifying real challenges that customers face and developing solutions that address those needs effectively. Whether it’s simplifying payment processes, enhancing security, or providing better financial insights, the goal should always be to deliver tangible benefits that improve the user experience. By focusing on solving real problems, we can create lasting value and ensure that our innovations stand the test of time. #problemsolving #build #startup #fintech #technology

🚨 The end of long payment terms in the EU? 🚨 The EU Parliament has approved a Draft Regulation on Combating Late Payments in commercial transactions in the first reading on April 23. Here's a quick summary of what you need to know: 🔹 Maximum Payment Period: Standard payment terms are set at 30 days for public authorities and 30-60 days for private sector agreements, with special provisions for certain "slow-moving" and "seasonal" goods up to 120 days. 🔹 Interest and Compensation: Late payments will incur interest at the reference rate plus 8%, plus a flat fee for recovery costs. 🔹 Monitoring and Enforcement: Member States must appoint authorities to monitor and enforce payment practices, with penalties for violations and a European Observatory on Late Payments to support these efforts. 🔹 Support for SMEs: The regulation encourages the use of invoice and credit management tools, ensuring access to factoring and similar services, especially for SMEs. With further amendments anticipated post-European elections, businesses should stay informed and consider leveraging innovative FinTech solutions to navigate these changes effectively. 📖 Read more to understand how these new rules might impact your business and how you can stay ahead: https://buff.ly/3V4hzBW #EUPayments #LatePayments #Regulation #SMEs #BusinessFinance #InvoiceManagement #EURegulation #CashFlow

Today's outdoor #product meeting with our absolutely incredible Inga Nielsen directly on the Elbe with fantastic weather and a beautiful view of the #Hamburg harbor including decommissioned super yachts. Our institutional clients at WALBING can look forward to new features for ALgorithmic FActoring (ALFA) soon!

🚨CFOs, are late payments plaguing your B2B or G2B transactions? Indeed, late payments are an issue for many EU businesses! According to the EU Payment Observatory, as many as 43% of European companies grappled with delayed payments in 2022 😱. What's more, 32% of surveyed firms confessed that late payments compelled them to delay payments to their own suppliers, bringing the EU’s average payment window from 49 to 55 days in 2022. Another troubling trend emerges as we see large companies and governments acting as primary culprits in late payments. Some governments take about 30% longer to settle their dues compared to the private sector (as seen in Ireland, Lithuania, and the Netherlands). At the same time, large companies lag in timely payments in 16 out of 20 Member States surveyed 😤. Late payments between businesses have far-reaching consequences on economies, disproportionately impacting SMEs, with one in four bankruptcies attributed to their adverse effects. Hence, it’s no surprise that the EU is reevaluating its 2011 Late Payment Directive to bolster monitoring and enforcement mechanisms in both private and public sectors 📉. 💬 CFOs, have you faced similar late payment challenges? Share your experiences and tell us if you believe the new EU Regulation would help remedy the situation. Not sure what to expect from the new Regulation? Read our analysis of the draft text after the first reading and keep in mind that WALBING's invoice financing services can provide immediate cash flow and relief from late payment struggles: https://lnkd.in/eR87x9wM #payments #latepayments #b2bpayments #euregulation #newregulation #invoicefinancing #receivablefinancing #b2b #g2b #statistics