The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 per transaction). With the new offering, they can defer FX payments by 30 days at no added cost and extend bill payments for up to 12 weeks.
“Inventory is the lifeblood for importing businesses and it is directly impacted by cash flow,” said Igor Ostrovsky, CEO of Koverly.
