2 years ago

Finverity Secures $5 Million for Trade Finance Platform Expansion

  • Finverity, a London-based provider of a digital ecosystem for trade and supply chain finance, has secured $5 million in equity funding

  • The investment will be used to expand its team, open new offices in Dubai, Poland, and Kenya, and expand its product offerings

  • Finverity's platform connects corporates seeking working capital and funders looking to deploy capital into quality mid-market assets

  • The company also provides a Software as a Service solution for banks and non-banking financial institutions (NBFIs) to advance their trade finance and working capital operations.

      • ProblemFinancial Services

      "Banks and financial institutions struggle to deploy capital into quality mid-market assets efficiently. Traditional trade finance processes are slow, cumbersome, and often require a lot of manual work. This can lead to delays in funding, increased operational costs, and limited deal volumes."

      Solution

      "Finverity offers a digital ecosystem for trade and supply chain finance that streamlines the process of connecting businesses seeking working capital with funders looking to deploy capital. Their platform provides a suite of services and technology to enable seamless and scalable execution of trade and supply chain finance deals. They also offer a Software as a Service solution that provides an end-to-end technology system for banks and NBFIs to advance their trade finance and working capital operations, client experience, and risk capabilities."

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