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Finverity is a cross-border supply chain finance platform for mid-market
it aim to close the $3.5 tn funding gap in global Trade Finance by using technology to make financing of mid-market companies economically viable worldwide. The platform connects companies in need of working capital optimisation and institutional investors seeking access to this alternative asset class with limited correlation to markets and reliable yield.
Co-founder & COO
Alex Fenechiu is a co-founder and chief operating officer at Finverity. He attended Cass Business School.
Co-Founder & CEO
Viacheslav Oganezov is a co-founder and CEO at Finverity. Attended The London School of Economics and Political Science (LSE).
Born in what people called the third world, Slava and Alex both come from emerging markets. Places that leapfrog in terms of their growth and development but yet seem to never really catch up! Things often get severe overnight and uncertainty is just business as usual.
Their families, conscious of this aspect, sent them both to study in the UK at a young age. Having gone through the British system and adapted but nowhere close to yet matured, the two found themselves attending Cass Business School in London where they met and bonded over the many nights out and long conversations about how to change the world.
During that time, Emerging Markets where suffering and involvement in the family business was a must. Ranging from construction to retail, monthly flights home and desperate negotiations, one by one, once-successful companies fell apart during the liquidity crunch.
Alex started a full-time job in Investment Banking at JP Morgan during the 2nd year of university to be able to complete his degree and was later scouted by BNP Paribas. Slava joined PwC as a digital strategy consultant for the financial sector. He now found himself telling the very banks who failed to save SMEs after 2008, how to get better at serving their clients…
During their time in the corporate world, they kept dwelling on one core premise. Credit markets in EM are so inefficient and illiquid, while in places like London, billions of pounds are sitting idle and losing value to inflation. There had to be a way to redeploy this efficiently… So, Slava left to do an MSc in London School of Economics and search for ways to address it. Joined by Alex, their late-night number crunching began. Friends and family called them crazy and advised against it, but in September 2017, the business had a vision, a will and a path forward.
With the backing of Sir Nigel Burney and Dr Simon Chapman, Finverity was born. Like every start-up, we struggled, we hustled, we failed… a lot. But then things started to fall into place.
Along the way, we have been joined by incredible people, making our journey possible and keeping us going through the struggles. It’s fun… life brings people together precisely when they need each other. That included the good and the bad, the saviours and the wake-up calls.
Today, in 2020, Finverity is on track to reduce the funding gap in global trade finance by over $100m this year alone. We still have a long way to go. But equipped with a new approach enabled by the technology we built here from scratch and with a team of brilliant and dedicated people that started with just 2, the goal that we are perusing with single-minded commitment, is becoming more realistic by the day.
Buyers who want a solution that caters to changing liquidity needs allowing them to turn supply chains into a tool for working capital optimization.
Finverity has developed a supply chain finance platform specifically designed for mid-sized buyers and those with international supply chains.
In a world of constantly changing liquidity requirements, corporates need a simple solution that allows them to be flexible and thrive in this unpredictable environment.
Finverity offers a suite of services that allows your organization to optimize supplier payment terms, reduce operational costs and secure your supply chain all within a single system. Find out how our solutions can help you transform your business and stay ahead of the competition.
Suppliers who wish to sell their invoices and unlock working capital trapped in lengthy receivables from their domestic and international buyers.
Finverity has developed a supply chain finance platform specifically designed for suppliers of Mid-sized buyers and those supplying internationally.
Long payment terms should never be a deterrent to business growth. Companies need a simple solution to unlock cash trapped in receivables from their customers globally.
Finverity offers the ability to easily receive early payment for all invoices from Payers on-boarded on the platform and forget about the payment issues once and for all.
The core benefit of Supply Chain Finance is its ability to offer superior rates to other financial products. As the funders hold the credit risk of your buyer, which is a larger entity than you, the discount rate reflects that. Furthermore, we bring capital from a variety of sources, so you have access to sustainable finance, long term.
Finverity’s system is built with full automation in mind. You can opt to automatically receive early payment for all invoices from Payers on the platform or sell selectively with a few clicks. We designed the process to be simple and quick, so you can focus on growing your business and not on filling in unnecessary paperwork.
Once you are on boarded on the Finverity platform you can rest assured that you will always receive your payment after the delivery of goods/ services and its acceptance by your customer. There is no recourse with Finverity, so once you’ve done your part, you no longer need to worry about the payment.
Funders who seek an alternative fixed-income asset class that is “recession-proof”, self-liquidating and ranks at the top of the risk vs return ladder.
Finverity has developed a supply chain finance platform specifically designed for alternative funders seeking access to mid-sized supply chains finance deals across the world.
In this volatile environment, investors need an alternative fixed-income asset class that is “recession-proof”, self-liquidating and provides stable yield.
Finverity offers a platform that acts as an origination source for deals, a quality control mechanism through our due diligence and structuring, as well as an enabler through technology that automates the full investment cycle post-deal
approval.
Through Finverity you can get access to a comprehensive and diversified flow of deals across different regions, industries, currencies and risk buckets. You can rest assured knowing we have done in-depth due diligence and structuring to bring you only the best deals and streamline your analysis.
You can invest by approving specific deals or setting up investment parameters. The platform will then automatically perform all ‘back-office’ tasks (Including FX hedging) to deploy and reinvest your funds in line with your strategy. This allows you to fund mid-market deals globally without the associated overheads and eases your reporting.
Finverity provides real-time visibility of where your funds are and a granular breakdown of the receivables you own. Our infrastructure is set up so that the accounts where the money is held are in the funder’s name and they are the UBO of the receivables funded through the Finverity platform giving you maximum control and transparency.
The Founder Institute is an American business incubator, entrepreneur training and startup launch program that was founded in Palo Alto, California in 2009. Although based in Silicon Valley, The Founder Institute maintains chapters in over 180 cities and more than 65 nations.
The Founder Institute’s Select Portfolio is a designation given to the top 2% of graduates from the world’s premier pre-seed startup accelerator.
Ebury is a financial services company, specialising in international cash management solutions including cross-border payments, FX risk management, and business lending. Our unique product offering helps businesses to accelerate and simplify international finance.
Ebury (recently acquired by Santander) is integrated into the Finverity platform for payment and FX services allowing Finverity to offer institutional-level infrastructure and safety of funds.
Finverity is a cross-border supply chain finance platform for mid-market firms focused on trade between developed and emerging markets. We aim to close the $1.5 tn funding gap in global Trade Finance by using technology to make financing of mid-market deals economically viable. We work with non-bank funders to provide access to an asset class that is difficult to originate but provides attractive risk-adjusted returns and is recession-proof.
Source: finverity _ crunchbase _ fi.co _ ffnews
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Parsaland Trading Company with many activities in the fields of import and export, investment consulting, blockchain consulting, information technology and building construction
