Finverity: Making Finance Fair, Accessible & Transparent

Finverity is a cross-border supply chain finance platform for mid-market firms focused on trade between developed and emerging markets. The company aims to close the $1.5 tn funding gap in global Trade Finance by using technology to make financing of mid-market deals economically viable. They work with non-bank funders to provide access to an asset class that is difficult to originate but provides attractive risk-adjusted returns and is recession-proof.

Finverity aims 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. They 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.

The organization believes 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.

Finverity values

Fairness: For people at Finverity, fairness is not just an abstract liberal term, but an everyday choice. They 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 they 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. They believe that transparency is in everyone’s best interest. Sharing information openly and honestly not only enables trusting collaboration but also allows the company to quickly identify and fix issues.

Care: Finverity is not a bank, which means they actually care! They care about the experience of their customers, about doing the right thing towards those who they work with and about the quality of their work.

Invoice Payer

Finverity has developed a supply chain finance platform specifically designed for mid-sized buyers and those with international supply chains.

In a world of constantly changing liquidity requirements, corporates need a simple solution that allows them to be flexible and thrive in this unpredictable environment.

Finverity offers a suite of services that allows your organization to optimize supplier payment terms, reduce operational costs and secure your supply chain all within a single system.

Q. Looking to improve your cash conversion cycle?

Perhaps your receivables collection profile is slightly longer than you would like. Or maybe your business needs to hold inventory for a while, yet you still have to pay suppliers early because they won’t give you credit or won’t survive longer payment terms.

Finverity understands the pain of this mismatch and how it is putting a strain on your working capital. Thankfully, they have a solution for that!

By implementing a Supply Chain Finance facility with Finverity, your suppliers get paid immediately after the goods/ services have been received and accepted by you. Meanwhile,  work together to identify and implement the most optimal payment terms based on your cash cycle needs to release your working capital.

Invoice Seller

Finverity has developed a supply chain finance platform specifically designed for suppliers of Mid-sized buyers and those supplying internationally.

Long payment terms should never be a deterrent to business growth. Companies need a simple solution to unlock cash trapped in receivables from their customers globally.

Finverity offers the ability to easily receive early payment for all invoices from Payers on-boarded on the platform and forget about the payment issues once and for all.

Benefits

Sustainable rates: The core benefit of Supply Chain Finance is its ability to offer superior rates to other financial products. As the funders hold the credit risk of your buyer, which is a larger entity than you, the discount rate reflects that. Furthermore, Finverity brings capital from a variety of sources, so you have access to sustainable finance, long term.

No bureaucracy: Finverity’s system is built with full automation in mind. You can opt to automatically receive early payment for all invoices from Payers on the platform or sell selectively with a few clicks. Finverity designed the process to be simple and quick, so you can focus on growing your business and not on filling in unnecessary paperwork.

Payment guarantee: Once you are on boarded on the Finverity platform you can rest assured that you will always receive your payment after the delivery of goods/ services and its acceptance by your customer. There is no recourse with Finverity, so once you’ve done your part, you no longer need to worry about the payment.

Viacheslav (Slava) Oganezov, Co-Founder & CEO

“We work with non-bank funders to provide access to an asset class that is difficult to originate but provides attractive risk-adjusted returns and is recession-proof.”