What is Coral Cross-border Settlement? Coral Cross-border Settlement Review

About CoralGlobal

Coral Global was established in September 2016. It aims to utilize emerging technologies such as big data, cloud computing, and blockchain, and through cross-border resource integration and service innovation, it focuses on providing cross-border trade companies with safe and efficient cross-border funds settlement and related comprehensive services. It is committed to becoming a firm force behind Chinese companies going global and providing one-stop solutions for cross-border companies. The company's headquarters is located in the China (Hangzhou) Cross-border E-Commerce Comprehensive Pilot Zone, and has branches in Hong Kong, Singapore, the Netherlands, New York, Japan, Australia, and South Africa. Coral Global is a key service enterprise for cross-border e-commerce in Zhejiang Province, a key enterprise in the China (Hangzhou) Cross-border E-Commerce Comprehensive Pilot Zone, a star enterprise in the "E-Global" project, a high-quality service provider for the "E-box" project, and the winner of the 2019 E-Commerce Wulin Conference Gold Award.

Product advantages:

【Export Settlement】

We integrate the resources of mainstream banks at home and abroad and have a direct connection with the banking system. We focus on providing cross-border trading companies with safe, efficient, loss-free and low-fee cross-border funds settlement service solutions, truly realizing a closed loop of safe capital circulation.

Product advantages: fully empowering cross-border e-commerce to make money around the world

Safety and compliance: Bank-level risk control system to achieve a closed loop of safe capital circulation

Support fast transfer: Support T+0 fast transfer, truly achieving zero exchange loss

Cooperation with many mainstream platforms: Support settlement on mainstream e-commerce platforms such as eBay, Wish, AliExpress, Qutian.com, 11th Street, Dunhuang.com, Gmarket, Auction, Carousell, BidorBuy, etc.

Independent station settlement: support self-built sites, support mainstream website building platforms such as Shopify and BigCommerce, support payment tools such as PayPal, Stripe, and Paymentwall

【Import purchase and payment of foreign exchange】

We have joined hands with well-known banking institutions to launch a one-stop digital import purchase and payment settlement solution - eQida, which focuses on providing cross-border trade import companies with more convenient and lower-cost payment solutions, helping companies cope with payment problems in cross-border trade.

Product advantages: Digitalization enables cross-border trade services

Security and compliance: Directly connected to the banking system to effectively control transaction risks

Fully digital management: global settlement is automated, digitalized and batched throughout the entire process

Exchange rate advantage: Real-time exchange rate quotes in multiple currencies and support for currency lock

Full online service: Only online operation is required, and multi-dimensional business data is visualized, which is convenient and fast

【Supply Chain Financial Services】

With the support of big data risk control technology, we have independently developed a cross-border supply chain financial intelligent service solution - Coral Sea in collaboration with Industrial and Commercial Bank of China (ICBC), providing global supply chain financial services for cross-border e-commerce. It solves the problems of long settlement cycle and high financing costs of cross-border e-commerce in the most convenient way, helps companies reduce pressure and increase efficiency, and helps Chinese cross-border companies accelerate their development.

Product advantages: Financial technology empowers China's small and micro e-commerce companies to pursue their dreams in the deep sea

0 mortgage financing: pure credit financing based on historical order data, you can apply online

Higher loan amount: up to RMB 2 million per loan

Preferential interest rate: Early contract customers can enjoy preferential daily interest rates of 0.03%

Flexible repayment: The order loan period is 60 days, and early repayment is possible

References