Finverity raises $2m in pre-Series A funding to expand operations and technology teams.
The financing round draws participation from B&Y Venture Partners and Loyal VC to accelerate platform growth.
Finverity operates a digital ecosystem for trade and supply chain finance, offering both a funding platform and software solutions for financial institutions. The company serves clients across multiple regions including the Middle East, Africa, and Eastern Europe.
Finverity has raised $2m in a pre-Series A funding round to support its ongoing expansion. The investment draws backing from regional and international participants including B&Y Venture Partners and Loyal VC, alongside family offices and strategic angels. The capital will fund growth across sales, operations, and technology teams as demand for supply chain finance increases.
The platform addresses the widening trade finance gap by directing capital towards underserved mid-market companies in emerging markets. Management plans to use the proceeds to scale operations and open three new offices across the Middle East, North Africa, and Eastern Europe during the year.
From the founder
"The healthy functioning of supply chain finance is pivotal in aiding recovery post-pandemic by keeping the wheels of the global economy turning. By efficiently providing working capital to buyers and suppliers around the world, SCF platforms such as Finverity’s are reshaping the way companies and funders interact within trade finance. We are thrilled to share this vision with our new and existing shareholders and look forward to growing together."
Viacheslav Oganezov
CEO & Co-founder at Finverity
Investor perspective
"The financing needs of emerging market mid-market corporates have been significantly under-served for far too long. We see this every day among many MENA-based corporates. Finverity’s platform is already showing strong scalability in meeting this demand in the MENA region and beyond. We’re delighted to be participating in this financing round and supporting the exceptional Finverity team"
Ghaith Yafi
Managing Partner, B&Y Venture Partners
Use of funds
- 01Invest in sales and marketing
- 02Scale operations
- 03Continue product development
