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ITNation in alliance with Coface
Our eFE Bureau
Kolkata : ITNation.com, the online B2B site is one of the first company tosign up with Coface India for Coface credit rating products. As a part ofthe understanding, ITNation.com will offer Coface credit rating to itsregistered members, including the IT vendors, distributors, resellers andretailers. As a B2B platform, it brings together all buyers, manufacturers,suppliers and users of IT products and services across India. The companyreceived its seed funding from Edelweiss and later the company got furtherinvestment from the Carlyle group.Coface is one of the leading export credit insurer in France with net assetof Euro 444 million. The company has a liaison office in the country. Itplans to enter the Indian market in the near future. The Coface Groupservices are built around three core business lines: private market creditinsurance, credit and financial information and receivables management andmanagement of public procedures to support the development of Frenchexports. The online e-commerce Website wants to tackle the key business issues likelack of trust in the market in dealing with unknown parties and lack of areliable recovery system faced by its trading members. Mr Pavan Sood,managing director, ITNation.com, said: " In a global B2B marketplace, whichis marked by high value transactions, certainty of payments and availabilityof credit are the key drivers that moves market towards liquidity anddynamism. " Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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