Waldorf Trade Risk, LLC (WTR) today officially launched its crowdfunding campaign on StartEngine for ReceivaSure™, a groundbreaking InsureTech program offering Accounts Receivable (A/R) insurance exclusively to the U.S. Small and Medium Enterprise (SME) market.
With ReceivaSure, WTR aims to simplify A/R insurance for small-to-mid-sized business owners, commercial lenders and factoring firms. When A/R Insurance is in place, many businesses are able to increase their working capital and secure loans against their account receivables so they can grow their business.
ReceivaSure is A/R insurance for US small and medium sized businesses exposed to credit risks including insolvency, protracted default, and political risks. The coverage is best suited to manufacturing and wholesale/distribution companies.
WTR’s ReceivaSure represents a new, digital platform and brand of A/R Insurance that features:
• Underwriting that is Rule-based, Algorithms-driven for real-time underwriting
• Cloud APIs to 3P Data Sources and Services for a seamless experience
• Straight through underwriting of insureds and buyers globally
• Machine learning to lower claims, reduce premiums and increase underwriting profits
About Waldorf Trade Risk, LLC
Waldorf Trade Risk, LLC is a Stamford, Conn.-based insurance program administrator and underwriter specializing in trade credit risk. Its flagship program is ReceivaSure (https://receivasure.com/), an accounts receivable program for small- and medium-sized enterprises (SMEs) seeking to grow with protection against customer non-payment and late payment. It utilizes a cloud-based underwriting and policy administration platform that enables it to quote and bind most policies within one to two business days.