The trade finance gap is a perennial headline. It sits at an estimated $1.7 to $3.5 trillion globally, a stubborn chasm between mid-market companies that need to pay suppliers and the institutional capital that could fund them [Finastra, undated]. For seven years, London-based Finverity has been building a digital bridge across it. The company operates a marketplace platform that connects businesses seeking working capital with banks and non-bank financial institutions [Global Trade Leaders, undated]. It is a bet on digitizing a stubbornly analog corner of finance.
The Mid-Market Wedge
Finverity's wedge is the underserved middle. Large corporates have long had access to sophisticated supply chain finance (SCF) programs from providers like Demica or Taulia. Smaller firms, however, often fall through the cracks. Finverity's platform aims to serve this segment by automating and connecting the process. Its software integrates with a company's ERP or accounting systems to facilitate early supplier payments and accounts payable automation [Global Trade Leaders, undated]. For funders, it provides a pipeline of vetted, technology-enabled transactions, aiming to lower the cost and friction of deploying capital into trade finance.
Funding and Footprint
The company has raised a total of approximately $5 million in disclosed funding to build out this infrastructure. A $2 million pre-Series A round in March 2022 was led by B&Y Venture Partners, a MENA-focused VC, with participation from existing investor Loyal VC [ZoomInfo, March 2022]. This capital has supported a team that grew to around 40 employees by early 2023, with plans to reach 60 [Tech.eu, March 2023]. The leadership team is built around co-founders CEO Viacheslav Oganezov, an LSE alumnus, and CRO Alex Fenechiu, with Oleg Levitsky as the architect of the platform [The Org, undated] [LinkedIn (Finverity post), undated].
| Role | Name | Background Note |
|---|---|---|
| Co-Founder & CEO | Viacheslav Oganezov | MSc, Management of Information Systems, LSE [The Org, undated] |
| Co-Founder & CRO | Alex Fenechiu | Listed as COO and Founder on some profiles [Craft.co, undated] |
| Chief Technology Officer | Oleg Levitsky | Platform architect; Master's from Kyiv Polytechnic Institute [The Org, undated] |
| Chief Marketing Officer | Radek Vanis | Listed on company LinkedIn profile [Crunchbase Person Profile, undated] |
Partnerships Over Press
Finverity's growth strategy appears less reliant on splashy press and more on embedded partnerships. The company is a listed partner with core banking software giant Finastra, which resells its trade and SCF solutions [Finastra, undated]. It has also integrated with Ebury Partners for payment infrastructure and secured a partnership with the National Bank of Fujairah to offer supply chain and receivables finance in the MENA region [Global Trade Leaders, undated] [Real News Magazine, undated]. These deals are critical for distribution, placing Finverity's technology within the existing workflows of financial institutions.
The Execution Hurdle
For all its strategic positioning, the company faces a steep execution climb. The competitive landscape is crowded with well-funded incumbents and other fintechs. Traction metrics in the public record are dated, with investor Loyal VC citing $540,000 in annualized revenue and a target of over $100 million in financed volume for 2020 [Loyal VC, undated]. The lack of recent, named customer announcements or detailed volume figures makes it difficult to gauge current commercial momentum. Success hinges on moving beyond pilot partnerships to generating significant, repeat transaction flow on the platform.
The core challenges for Finverity are operational and scale-oriented:
- Transaction Volume. The platform's value for funders is a steady stream of deal flow. Hitting and sustaining the volume needed to attract a diverse capital base is a non-trivial sales and onboarding task.
- Credit Underwriting. Mid-market trade finance carries inherent risk. Finverity must demonstrate that its technology and processes lead to superior risk assessment and lower loss rates than traditional methods.
- Integration Depth. Simply connecting to an ERP is not enough. Deep, reliable integration that minimizes manual work for finance teams is what drives long-term platform stickiness.
Finverity's $5 million war chest, led by B&Y Venture Partners and Loyal VC, is a vote of confidence in a difficult market. The question for Oganezov and his team is whether their partnership-led approach can catalyze enough transaction volume to prove the model before a larger, better-funded player decides to build the bridge themselves.
Sources
- [Finastra, undated] Finverity Partnership Page | https://www.finastra.com/partners/finverity
- [Global Trade Leaders, undated] All About Finverity | https://www.globaltradeleaders.com/finverity/
- [ZoomInfo, March 2022] Finverity raises USD2m in pre-Series A | https://www.zoominfo.com/c/finverity/483032311
- [Tech.eu, March 2023] Article on Finverity (referenced for employee count) |
- [The Org, undated] Viacheslav Oganezov Profile | https://theorg.com/org/finverity/org-chart/viacheslav-slava-oganezov
- [LinkedIn (Finverity post), undated] Post identifying Oleg Levitsky as platform architect | https://az.linkedin.com/posts/finverity_coworking-team-finverity-activity-6994264711714242560-TdiV
- [Craft.co, undated] Alex Fenechiu Profile |
- [Crunchbase Person Profile, undated] Radek Vanis Profile | https://www.crunchbase.com/person/radek-vanis
- [Loyal VC, undated] Finverity Investor Page | https://www.loyal.vc/portfolio/finverity-8
- [Real News Magazine, undated] Article on National Bank of Fujairah partnership |