Company Overview
Finverity operates a global supply chain finance platform that helps mid-market companies close the $3.5 trillion global trade finance funding gap. The platform connects companies that need to optimise their working capital with institutional investors who want to invest in this alternative asset class with a steady yield and little market correlation.
According to Finverity’s experts, the market gap exists because payers, who enable trade, aren’t getting good services, sellers aren’t getting easy-to-use solutions, and funders aren’t getting enough information. Finverity believes technology will help mid-market companies get loans to close this funding gap worldwide.
Key Executives
Viacheslav Oganezov- Co-Founder & CEO
CEO Viacheslav Oganezov founded Finverity. He is an alumnus of the London School of Economics and Political Science.
Alex Fenechiu- Co-founder and COO
COO Alex Fenechiu, Finverity’s co-founder, is an alumnus of the prestigious Cass Business School in London.
Oleg Levitsky- Chief Technology Officer
Finverity’s CTO is Oleg Levitsky.
Radek Vanis- Chief Marketing Officer
Radek Vanis, Finverity’s CMO, attended ISCED3.
Products & Services
- Working Capital Optimization
Finverity’s Supply Chain Finance facility helps businesses reduce the days they have to pay suppliers without putting them under strain. This, in turn, releases working capital. The facility also helps businesses maintain their supply chain by allowing them to pay suppliers early without straining working capital.
- Supply Chain Security
Supply-chain safety is essential for companies, as it can help to ensure that products are safe and meet quality standards. However, supply-chain safety can be expensive and time-consuming, so companies must find flexible and efficient ways. Businesses can pay suppliers as soon as they receive and accept goods or services by implementing a Supply Chain Finance facility with Finverity.
- Master Accounts Payable
Finverity’s accounts payable automation streamlines payments and back-office functions, reducing costs and improving processes. The tech solution integrates Finverity’s payment infrastructure with the organisation’s ERP or accounting system and pays suppliers when invoices mature. The hi-tech dashboard simplifies tracking invoices and payments in real time for quick reconciliation.
- Net Cash Position
A fully automated system enables instant payment to suppliers, thereby increasing the organisation’s bottom line. One way to do this is using a tool like Finverity’s Dynamic Discounting. This tool allows companies to use their extra cash to pay suppliers early, which offers discounts on the invoice. This can help save money and streamline processes.
Company Reviews
Finverity, a startup that provides institutional infrastructure and fund safety, has integrated with Ebury Partners. This allows Finverity’s payment and FX platform to give a complete solution to its clients. The Founder Institute is known for selecting the world’s best pre-seed startups. The Startup Grind Accelerate Program has named the Top 30 Startups in each region each year.
Finverity has been approved as an SAP partner, and our technology has been tested and approved.
This means we can co-sell SAP’s customers and be listed on their AppCenter.
Related News
- Finverity and the National Bank of Fujairah announce a partnership to increase the MENA region’s SCF and AR finance volumes. The collaboration with Redington Gulf will help reach more UAE IT resellers. Finverity has partnered with NBF to provide a curated origination pipeline, deal structuring, and an end-to-end technology platform for operations and reporting. This partnership will help channel capital to eligible corporations and make trade financing easier.
- Finverity raised US$2mn in equity funding to grow its trade finance marketplace. The platform connects supply chain and receivables finance businesses with banks and non-bank funders. It has relationship and transaction management software and white-label software. Finverity is looking to use its pre-Series A funding round investment to hire more people. The company believes supply chain finance in emerging markets can partially fill the estimated US$1.7trillion trade finance gap, where smaller companies have had the hardest time getting financing. Finverity also targets small and medium-sized banks seeking additional money.
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