Finverity is a London based Fintech focused on Supply Chain Finance and Factoring technology solutions. The company specifically focuses on the mid-market segment in underserved emerging markets using its fully digital finance platform.
Their mission is to make financing of SMEs in Emerging Markets economically efficient and seamless by using technology to enable investors to participate in this asset class. Trade Finance Digitalisation is still behind the curve compared to other financial sectors. drove more businesses online. The company plans to double its team from 70 to 150 people by the end of 2022. It aims at funding over 5,000 businesses across the globe. It focuses on volume supporting as many entrepreneurs as possible instead of focusing on a concentrated portfolio.
Type of round: Pre-Series A
Amount: 2m USD
Country: United Kingdom
Date of round: Feb 2022
Industry: FinTech (Supply Chain Finance)
Type of investors Finwise brought in: strategic angel investors
The proceeds of the round were deployed in expanding the sales, operations and technology teams to support Finverity’s rapid growth.