Madrid.- April 5th, 2021 [Press release]
Kíneox Solutions & Sourcing Trust are pleased to announce they have entered into a business partnership in Portugal combining Kíneox’s digital collections and e-payment solutions with Sourcing Trust local business knowledge and GoToMarket.
The partnership will help Portuguese creditors automate payments, pre-collections, and early collections processes seamlessly and in a customer-friendly way. In the words of Juanjo Fernández, Managing Director at Kíneox, “This partnership brings together a unique opportunity to expand Kíneox’s proven expertise in e-payments and digital collections into the Portuguese market. With digitalization becoming critical in all business areas, creditors recognize they need to accelerate the deployment of digital solutions to remain competitive and offer their customers self-curing tools. I want to express to Sourcing Trust my warmest welcome to the Kíneox global partnerships network”.
In Portugal, like most European countries, traditional credit recovery methods still prevail. A strong impact deriving from the pandemic outbreak is expected, especially now that all consumer credit and insurance moratoriums are coming to an end. “Given the economic cycle ahead, differentiated approaches to credit recovery will be key to ensure collection efficiency. This partnership brings the very type of solutions we wish to add to our portfolio of commercial representation services, combining innovation, flexibility and digitalization”, says João Câmara, Managing Partner at Sourcing Trust.
Kíneox is a Spanish Fintech transforming payment and collection processes through a combination of predictive modelling and digital SaaS solutions that improve user experience and reinforce creditors’ reputation.
Sourcing Trust is a Portuguese based company specialized in helping multinational companies disembark in Portuguese speaking countries, counting with a seasoned team of consultants with large expertise in industries such as Banking, Consumer Finance, Telco, Risk and Data, as well as Utilities.
Kíneox Solutions & Sourcing Trust will start offering the entire service portfolio to companies based in the Portuguese market this April.