Finverity Secures $5 Million to Expand Trade Finance Solutions
Finverity, a dynamic provider based in London, UK, has successfully raised $5 million in equity funding to enhance its innovative digital ecosystem specifically designed for trade and supply chain finance. This funding round saw new investors come on board, including notable names such as Outward, Acrobator Ventures, the s16vc founders fund, and B&Y Venture Partners. With this significant influx of capital, Finverity is poised to expand its team, growing from its current roster of 40 employees to 60, a move aimed at addressing the increasing demand for its variety of financial solutions. In addition to team expansion, the company plans to open offices in strategic locations such as Dubai, Poland, and Kenya, further broadening its reach and operational capabilities.
Founded in 2017 by the visionary duo of Viacheslav Oganezov and Alex Fenechiu, Finverity provides an invaluable dual offering tailored for banks and non-banking financial institutions (NBFIs).
Their unique funding platform seamlessly connects corporates in need of working capital with funders eager to invest in high-quality mid-market assets, all facilitated through a single, user-friendly platform. This integrated system not only simplifies the execution of trade and supply chain finance deals at scale but also comprises a comprehensive Software as a Service solution. This technology empowers banks and NBFIs to enhance their trade finance and working capital operations, thereby improving client experience and refining risk management capabilities.
Furthermore, Finverity's enterprise-level system boasts a remarkable deployment capability, with the system ready to be operational in less than 21 days. In 2022, the company solidified its position in the market by forming strategic partnerships with various banks’ trade finance desks, including Investec, National Bank of Fujairah, and FIMBank. These collaborations are centered on helping partner banks augment their asset deployment by financing transactions originated by Finverity, while also undergoing a digital transformation of their trade finance operations through the company’s advanced technology. As a result, partner banks can experience significantly reduced credit approval times, decreased operational costs, and an ability to handle larger transaction volumes without the necessity of expanding their internal workforce. Currently, Finverity proudly serves customers across 11 countries spanning the Middle East, Africa, and Eastern Europe, showcasing its far-reaching impact in the financial landscape.
They've invested in Finverity
Get to know these Fintech investors
| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 Outward( ) | ||||
 Acrobator Ventures( ) | ||||
 the s16vc founders fund( ) | ||||
 B&Y Venture Partners( ) | ||||
| All investors | All investor sectors | All funded startups | All funding rounds |
Click here for a full list of 7,589+ startup investors in the UK