Company Research Report: Finverity

Company Overview

Name: Finverity

Mission of the Company:
To make trade and supply chain finance work for more businesses globally. This includes aiding banks and non-bank financial institutions (NBFIs) to digitally transform operations, improving client experience, increasing revenue, and assisting ambitious businesses in unlocking working capital to reach the next level of growth.

Founded: 2017

Founders:

• Viacheslav (Slava) Oganezov

• Alex Fenechiu

Key People:

• Viacheslav (Slava) Oganezov - CEO & Co-Founder

• Alex Fenechiu - Chief Revenue Officer & Co-Founder

• Brett Downes - Chief Risk Officer

• Adam Ryan - Chief Marketing Officer

• Arnold Ngunjiri - Chief Product Officer

• James Bowyer - SaaS Sales Director

• Michel Meylacq - Head of Distribution & Funder Relations

• Symmie Swil - Chief Operations Officer

• Ahanna Anaba - Head of Digital Solutions & Partnerships

• Oleg Levitsky - Chief Technology Officer

Headquarters:
The Harley Building, 77 New Cavendish Street, London W1W 6XB, United Kingdom

Number of Employees: No information is available

Revenue of the Company: No information is available

Known For: Finverity is known for providing solutions to close the $1.7 trillion global trade finance gap. The company offers a digital ecosystem to ensure trade and supply chain finance (SCF) works effectively for businesses, financial institutions, banks, and NBFIs.

Products

1. FinverityOS

• Description: A comprehensive system for open account trade finance and supply chain finance (SCF).

• Key Features:

• Digitising and scaling open account trade finance and SCF operations

• Automates manual, repetitive tasks

• Customisable for building custom products and processes

• Supports automation with features like automatic reconciliation, API and SFTP connectivity, dashboards, reporting, and more

2. Finverity Capital

• For Corporates:

• Description: Provides working capital solutions to support complex supply chains.

• Key Features:

• Monetising receivables from creditworthy buyers

• Wider market support and mid-market expertise

• De-risking funding sources with a diversified funding network

• For Financiers:

• Description: Offers access to pre-qualified trade finance assets at scale.

• Key Features:

• Enhances in-house origination capabilities

• Pre-qualified and mandate-driven asset origination

• Robust due diligence processes

Recent Developments

Recent Developments: No specific recent developments are available.

New Products Launched: No information is available

New Features Added to Existing Products: No information is available

New Partnerships or Collaborations:

• Finverity partners with global brands to fund diversified pools of SCF and AR transactions, shorten credit approval cycles, and scale operational books efficiently. For instance, Venki Ramasubhramoni, Head of Equipment and Technology Finance at National Bank of Fujairah, endorses Finverity's capabilities.

Additional Information

Offices: Finverity has established offices in 4 countries and provides services to customers in 11 countries. The company is backed by five world-class venture capital firms.

Values:

• Seek Truth

• Push Boundaries

• Own It

• Care Fiercely

Core Areas of Focus:

• Finverity places emphasis on seeking truth, pushing boundaries, and holding accountability within its operations, aiming to create a transformative impact in trade and supply chain finance through technological innovation, capital deployment, and expertise.

Conclusion

This report provides a comprehensive overview of Finverity, outlining its mission, products, leadership, and operational focus. Although some financial and employee numbers are unavailable, the detailed insights into its solutions and strategic aims highlight the company's commitment to bridging the global trade finance gap through digital innovation and collaboration.