Turning Receivables into Investable Assets with Trade Credit Insurance

Klear's Capital Intelligence Platform helps high-growth companies in aerospace, defense, energy, and other essential industries manage and finance working capital by giving them access to non-dilutive capital to deliver on large, complex contracts. But deploying institutional capital into private credit markets requires one thing above all: the ability to protect investors from non-payment.

That's why Klear partnered with Allianz Trade in North America, the global leader in trade credit insurance.

How Allianz Trade Insures Our Clients' Receivables

When Klear finances a supplier, it converts that company's outstanding invoices into immediate working capital by pooling those receivables and making them available to institutional investors. The challenge: many of Klear's clients serve buyers who are unrated, private, or simply outside the credit models that traditional lenders rely on.

Investors expect rigorous, institutional-grade risk management. That's where Allianz Trade steps in. By insuring the receivables that underpin Klear's capital deployment programs, Allianz Trade provides the credit enhancement and underwriting discipline that gives investors the confidence to participate, even when companies are young, buyers are unrated, or payment cycles are long. Without that insurance, those receivable pools would be too risky for institutional capital to touch. With it, they become secure, investable assets.

Klear also leverages the Allianz Trade API to access real-time credit monitoring and business intelligence across the entire portfolio. This gives Klear, its clients, and its investors visibility into buyer risk that is unusual in traditional supply chain finance, where credit decisions are often slow or opaque.

De-Risking the Supply Chain

Traditional supply chain finance only works for the safest buyers, which are investment-grade companies with predictable credit profiles. That leaves a significant portion of every supply chain unfinanced, and the suppliers serving those buyers exposed. When one of Klear's clients wins a large government or enterprise contract, they often must scale immediately — hiring, procuring materials, ramping production — while their buyer won't pay for 90 days or more.

Allianz Trade's TCI changes that equation. By transferring the non-payment risk on the buyer side to one of the world's leading insurers, Klear can extend capital into parts of the supply chain that would otherwise be off-limits. The result is a more resilient supply chain, one where financing capacity is determined by the quality of the receivable - not the credit rating of the buyer.

Accelerating the Velocity of Capital

The practical effect for suppliers is compounding. Rather than waiting 60, 90, or 120 days for a buyer to pay, Klear clients convert receivables into cash immediately and redeploy that capital into the next order. More turns per dollar. Faster growth without additional equity.

"Our capital solutions really unlock our clients' ability to fill more orders — to accelerate the velocity of their money and achieve more turns per dollar invested in the company," says Hale. "That helps them grow and get stronger. But most importantly, it helps them serve their customers at the speed they need to be served."

What This Means for Klear's Clients

For the suppliers Klear serves, this partnership has a direct and practical impact. It means faster access to working capital and better capital management overall.

For investors, it means secure exposure to private credit assets that would otherwise carry too much risk. And for Klear, trade credit insurance from Allianz Trade has become a foundational tool that enables the platform to scale responsibly — financing not just the easiest segment of a supply chain, but the entire thing.

‍

‍Download the full case study here to learn more →

‍

Klear partnered with Allianz Trade in North America to publish a full case study on this financing model.

‍