Today, BuyHive has announced its partnership with 40Seas in order to provide SMEs with cross-border B2B financing solutions. This new ‘Buy Now Pay Later’ (BNPL) program will allow buyers from the USA, Canada, and UK to access up to $1 million dollars’ worth of credit for purchases from China, Hong Kong, Vietnam, and India. With the new financing tool from BuyHive and 40Seas, customers can quickly calculate their credit limit, taking into account production volumes and other factors. This collaboration is a revolutionary step for small and medium-sized B2B purchasers, enabling them to buy products from foreign factories without having to worry about cash flow or credit constraints. Minesh Pore, co-founder and CEO of BuyHive, expressed enthusiasm for their new partnership with 40Seas and the benefits it will bring to their customers.
Minesh Pore, co-founder and CEO of BuyHive, is excited about the potential of their new partnership with 40Seas. This cooperation will give BuyHive customers access to a financing tool, which is especially beneficial for businesses with limited capital or a poor credit history. BuyHive’s solution promises to be a great addition to their comprehensive range of sourcing and management services, making them a more valuable partner for businesses in the international market.Equally delighted by the collaboration is Eyal Moldovan, co-founder and CEO of 40Seas. He highlighted that this alliance will offer a more effective way to source products as well as promote business development and international trade.