Bondaval is a UK based insurance technology business offering digitally-enabled trade finance insurance. Its technology-first approach has fueled innovation by offering new financial products, as well as providing a tech platform that allows various stakeholders to collaborate on a daily basis.
It combines insurance and technology to secure receivables for the world's best credit teams. Its software platform allows credit teams to track and manage their credit exposure against their protection limits. This means that credit managers can seamlessly and securely extend more credit, win more business and secure better financing terms.
Its technology also provides Bondaval with closer access to company data, enabling real-time monitoring and credit management. This capability allows for the development of more detailed and tailored financial products for their
Tom and Sam launched the company in London in 2020 and Bondaval is now licensed across 31 countries, with a global team of 30+ people across London, New York, and Dallas. Bondaval is already supporting credit teams at some of the world’s largest businesses, including Shell, BP, and Exxon Mobil.
Now, the company will proceed to expand its offerings and establish Bondacal Re, a new, scalable insurance vehicle, marking a significant new chapter for the growth of the business.