Perfect match! The Berlin-based startup and leading provider of "buy now, pay later" (BNPL) payment methods for business customers Billie will be relying on BNPL market leader coeo for receivables management in future. The cooperation between the two technology-driven digital leaders will start in the first quarter of 2022 and includes the takeover of overdue B2B receivables.
Startup spirit meets BNPL experience
Behind everything Billie does is the central idea that innovation is used to create new freedom for businesses. To make this happen, Billie relies on digital technology and passion around B2B transactions in the BNPL segment. What has long been the norm in the B2C sector, Billie translates intelligently, smoothly and customer-focused into the B2B world, enabling businesses to easily pay as well as get paid on their own terms thanks to modern checkout solutions. Based on proprietary, machine-learning supported risk models, fully digitised processes and a highly scalable tech platform, Billie opens up new freedoms for businesses large and small through fast liquidity, automated workflows and access to modern payment solutions.
"At coeo, we are also focused on technology and innovation - as an experienced service provider in BNPL collections from the B2C environment, we at coeo are always working on new customer-centric solutions for services along the payment journey of our customers with the technology approach and the spirit of a FinTech startup. By working with Billie, we can now also transfer our expertise to the collection of B2B receivables from the BNPL business. This complements each other perfectly!", Sebastian Ludwig, CEO DACH of the coeo Group, is pleased to say.
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Billie increases the turnover of its corporate customers primarily by integrating popular payment methods, such as purchase on account, directly into their shop system. The company thus offers its customers, above all, immediate liquidity, operational relief and full default protection for receivables that arise.
Market leader with 4.2 million debt collection files
The coeo Group is one of the most successful, technology-driven debt collection service providers in Europe and the market leader in BNPL debt collection. With locations in five countries, coeo currently processes over 4.2 million files and employs over 500 people. In addition to its focus on payment services, coeo works primarily for large clients in the insurance, energy supply and mobility and telecommunications sectors.
Due to the similar, digital and technology-oriented way of working of both companies, the tangible fintech spirit and the mutual core competence in the field of BNPL, Billie and coeo are particularly looking forward to the cooperation.
Your contact for any questions
coeo Inkasso GmbH
Sarah Lehmann
Head of Marketing & Public Relations
Tel.: +49 2133 2463-0
presse@coeo-inkasso.de