We're excited to partner with BuyHive, a tech-enabled B2B global sourcing platform, to offer cross-border business to business (B2B) financing solutions to small and medium businesses (SMEs). This partnership will enable SME buyers in the United States, Canada, and the United Kingdom to obtain up to $1 million in credit for sourcing from China, Hong Kong, Vietnam, and India on “Buy Now, Pay Later” (BNPL) terms.

Comprehensive set of services

This partnership will provide BuyHive customers with a more comprehensive set of services, helping them source and finance the products they need to succeed.

BuyHive is built to buy from suppliers in India, Vietnam, China, Hong Kong. Through this, we will support trade from India in turn supporting the Made In India movement by giving Indian sellers access to international buyers,” explained said Minesh Pore, Co-Founder and CEO of BuyHive.

The collaboration will enable buyers to figure out the credit limits they can get, based on their production volumes and other factors. Additionally, buyers can get access to the funding they need to purchase products, without having to worry about cash flow or credit constraints.

“We are happy to partner with BuyHive to bring our cross-border trade financing solution. We also believe that this partnership will not only transform the sourcing dynamics for these businesses but also aid business growth for suppliers and, in turn, strengthen global trade,” said Eyal Moldovan, co-founder and CEO of 40Seas.

BuyHive claims to have over 5,000 sourcing experts from all of the world’s leading sourcing markets and has served customers in the US, the UK, the EU, India, Greater China, and Southeast Asia.

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