This integration is also supported by Allianz Trade, the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk.

The integration between musePay and Xero works to ensure that businesses can manage their finances easily and smoothly. It provides them more ways to pay, as the BNPL service means they can create bespoke repayment plans that suit their business’ cashflow needs. By teaming up with Allianz Trade, Muse Finance will also give businesses and their customers more financial tools to make their lives easier and more secure.

Uniquely, musePay and its Allianz insurance integration will be the first BNPL product to feature directly onto the Xero invoicing system. This means that business customers using musePay can have true peace of mind as the insurance feature will cover the payment even if the seller company goes under.

Key features of musePay include:

Streamlined payment processing: Businesses can easily offer musePay’s BNPL option to their customers when raising an invoice in Xero, simplifying the payment process and enhancing customer convenience.

Risk management: Allianz Trade will provide credit insurance for receivables, with the level of cover determined per invoice by Allianz Trade’s proprietary data and analysis. This means musePay offers enhanced security and protection against potential financial risks for both businesses and customers.

Real-time reporting: Access to up-to-date financial data and reporting within Xero enables businesses to make informed decisions and optimise their cash flow management.

Customisable options: Businesses can tailor musePay plans to suit their specific needs, offering flexible payment terms and options to their customers.

Customer support: With dedicated customer support from both Muse Finance and Allianz Trade, businesses can ensure a smooth and reliable BNPL experience for their customers.

Commenting on the launch, Muse Finance’s CEO Ann Marie Juliano stated:

“We are thrilled to introduce our musePay integration with Xero, providing businesses with a powerful BNPL solution backed by Allianz Trade’s expertise in trade credit insurance. Working with a leader in non-payment risk represents our commitment to delivering innovative financial tools that drive growth and financial well-being.”

François Burtin, Global Head of e-commerce at Allianz Trade, said:

“Supporting the rapidly growing B2B e-commerce space has been an integral part of Allianz Trade’s strategy for a number of years. The ways companies trade are changing and BNPL is an increasingly popular way to manage business expenses, but it’s not without risk to a seller. We look forward to working with Muse to alleviate uncertainty when their customers offer BNPL payment terms, backed by our years of managing non-payment risks and extensive data, packaged into our innovative Allianz Trade pay solution.”

Through this integration with Xero and by using the latest Allianz Trade pay solution, Muse Finance is committed to redefining the financial landscape, making it more accessible, secure, and efficient for businesses and consumers.