About us

We aim to close the $1.7 tn funding gap in global Trade Finance by making Supply Chain Financing of mid-market companies economically viable around the world. We will achieve this through the use of technology and a new approach, providing a more efficient allocation of resources and fair access to capital worldwide.

We believe the current gap in the market is the result of a sub-par offering to Payers, who are the enablers of trade, a lack of user-friendly solutions for Sellers and a culture of low transparency towards Funders.

Our story

1. Once upon a time

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.

2. The trigger

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…

3. The seed

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.

4. The growth

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.

5. The future

This chapter is yet to be written… If you connect to our vision and share our values, we would be happy for you to join us on this incredible journey.

Our values

Fairness

For us at Finverity fairness is not just an abstract liberal term, but an everyday choice. We work with countries that were deemed as the 3rd world and market segments that were largely neglected by financial incumbents. Yet, they are filled with great opportunities if one is prepared to analyze them fairly and objectively.

Trust

Credit is built on trust, which has largely been forgotten behind the bureaucracy permeating modern finance. In Finverity trust is the key currency and we don’t mean blind trust, but a mentality of giving an opportunity where it is due. As an old Russian proverb goes: “Trust but verify.”

Transparency

The last financial crisis occurred in large due to a lack of transparency. We believe that transparency is in everyone’s best interest. Sharing information openly and honestly not only enables trusting collaboration but also allows us to quickly identify and fix issues.

Care

We are not a bank, which means we actually care! We care about the experience of our customers, about doing the right thing towards those who we work with and about the quality of our work. That’s just what we do at Finverity.

Our team

Viacheslav (Slava) Oganezov
CEO, Founder

Alex Fenechiu
COO, Founder

**Alex Collingwood**
Head of Sales & Origination

Oleg Levitsky
Chief Technology Officer

Arnold Ngunjiri
Chief Product Officer

Radek Vanis
Chief Marketing Officer

**Ahanna Anaba**
Head of Sales – Digital Solutions & Partnerships

More people

Advisory board

Jonathan Lett
Managing Director Barclays,
Head of European Financials Cash and Derivates Credit Trading

Emmanuel Bresson
Private Capital Investor
KerlouantecCapital Partners

Sir Nigel Burney
Chairman
Rapid News Communications Group

Guillaume Amblard
CEO
Amblard Ventures

Awards and recognitions

Startup Grind

Startup Grind Accelerate Program includes Top 30 Startups per region selected annually by one of the most renowned global startup networks.

Founder Institute

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 Partners

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.

SAP Certified

One of a few startups to be selected as an SAP partner due to the validation of our technology allowing Finverity to co-sell the solution to SAP’s customer base and to be listed on their AppCenter.