Tradefox, Inc.

Tradefox Joins Forces with Global Insurance and Collections Giant Atradius

Chris Yerbey

Published on Oct 2, 2023

Tradefox and Atradius are joining forces in a pivotal partnership aimed at helping Tradefox members recover losses from unfair trades—a significant move we've been working on for nearly a year.

Boasting around $1.4 billion in revenues and claiming 24% of the global credit insurance market, Atradius stands as a giant in credit insurance and collections. Central to their services, Atradius aids businesses worldwide in retrieving unpaid invoices and B2B debts. With a footprint in over 50 countries, they boast an impressive average global debt collection success rate of 80%.

Tradefox ensures transparency in trading reputations, shielding our customers from bad actors, and guiding fair deal resolutions. Atradius adds the firepower to recover significant losses from deliberate unfair trades!

Under this new partnership, when Tradefox members report losses, our Capital Recovery team first verifies each claim's validity. Once vetted, cases shift to Atradius Collections for recovery. We offer our industry expertise, aiding Atradius in sifting fact from fiction. Atradius counters with its deep debt collection know-how, deploying local resources to reclaim our customers’ lost funds.

Teaming up with a multibillion-dollar entity like Atradius is no small feat. Yet, such collaborations pave the way for phenomenal growth, especially for scaling tech firms. We're thrilled to join forces with Atradius in global debt recovery and are eager to explore the development of new exclusive insurance products available for our industry through Tradefox.


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💥Top Contributor
Investing any money in Wefunder sponsored companies is comparable to driving down a road and slowly throwing your money out the window never to see it again. I have invested in 37 companies almost since the start of Wefunder and about 3 of them are actually growing their business. The rest have disappeared and or do not communicate with us or have gone bankrupt. This company is in the class of slowly going down the road with little to show for.
Hi Jeff, Thank you for taking time to comment. I'm sorry to hear you've had such an overall bad experience investing in companies on Wefunder. Thirty seven investments means you have been very active. If you look at stats of VC funds, you'll see that those which invest in tech companies normally see about 10% of their investments return 10X. Then about 20 - 30% provide some moderate return a modest return while the rest of their investments are losers. So, the three growing companies in your portfolio and a few failures would mean that you are potentially on the right track. It seems you're not counting Tradefox in your list of potential winners at the moment, so you could make that 4 in your list of growing companies very soon. ;-) I can only speak for Tradefox as to why it has taken us more time that we hoped to start scaling. We were early to market which meant we needed to keep innovating, testing product ideas and validating our assumptions. We kept our burn rate low and raised additional rounds of funding to make sure we didn't run out of capital before establishing product market fit. Since we are selling to businesses, we needed to prove that we are here to stay before companies would trust us with their confidential data and eventually invest their capital into our products. It normally takes more than 3 years before companies will embrace a new service provider. Many companies in our industry were reluctant to support our mission of creating transparency because they had created successful businesses in an opaque market. It took us quite a lot of time to discover the types of companies which would embrace our mission while also pulling in their trading partners to kick off our networks effects. I see you invested in 2017 which was one year before we launched the new business intelligence product. So you've been here with us for 5 years now. Thank you for that. :) I apologize that it has taken longer than you (or I) would have liked. But, I'm very certain that we are on the right track and am willing to take on some more risk in exchange for more upside. If you would like to step out of your investment, I will buy out your position personally by paying what you invested x 5% pa. You can let me know by replying back to any of the email updates I've sent you in the past. Thank you. - Chris
Great job. Thanks for the updates.
My pleasure. This was a big one! more to come soon. :)
This is awesome 👌🏾 👏🏾!!! Thanks for the update 😀.
My pleasure Darryl! This is putting some serious wind in our sails. :)
Sounds like a good idea which should help make Tradefox more viable and profitable.
Thanks James. It has taken us quite some time to get this partnership in place but it has been work the wait. The whole team is excited about it because it gives us a lot more power to resolve our customer's problems while providing an excellent new revenue stream.
Sounds like a good idea which should help make Tradefox more viable and profitable.
Having a background in insurance, I know that this is huge. Congratulations!
I believe Tradefox is laying down the roots and becoming a solid company in the recycle industry. Great job to all and very happy that I invested in your business.
Perfect and necessary joint business venture. Awesome news!
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🌿Prolific Investor
It would be nice if the updates were more frequent, but I always appreciate them when they come! thanks for the update
Tradefox and Atradius have teamed up in a groundbreaking partnership to support Tradefox members in recovering losses from unfair trades. This collaboration, nearly a year in the making, strengthens financial security for businesses by providing expert-backed trade credit insurance and risk management solutions. By combining Tradefox’s industry insights with Atradius’ global expertise, members gain better protection against fraud, ensuring safer and more reliable trade transactions worldwide. dignitycollegeofheal…e=paypal&tax_rate=0 cpi certification training online