B&Y Venture Partners

"When we started this fundraise the market was just starting to go through a rough spot, so there was a lot of talk about negative sentiment. However, what we found is that there is a significant amount of venture capital out there. Funds have been raised and need to be deployed, investors are just more selective. Our industry is counter-cyclical and we designed our business to grow in a sustainable way, with positive unit economics and a clear path to profitability in mind. The current macro trend has played to our strengths and allowed us to select amazing partners for the journey ahead! We are very grateful to all of our new investors and are excited to build out the next stage of Finverity’s growth in partnership with them!"

"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."

"We chose to invest in Onfido because they have proven their expertise at using artificial intelligence to effectively fight fraud, giving businesses a safe and secure way to scale their businesses online."