Finverity, a London-based cross-border supply chain finance platform, has secured $5 million in funding from Outward VC, BY Venture Partners, Acrobator Ventures | Acrobator. vc, and s16vc. The company is focused on closing the $1.5 trillion funding gap in global trade finance by using technology to make financing mid-market deals economically viable.
Finverity's platform provides access to an asset class that is difficult to originate but provides attractive risk-adjusted returns and is recession-proof. By working with non-bank funders, the company aims to make trade finance accessible to mid-market firms focused on trade between developed and emerging markets.
As a leading player in the financial services industry, Finverity is committed to using technology to revolutionize trade finance.
With this new funding, the company is well-positioned to continue to close the global trade finance gap and help mid-market firms thrive in an increasingly interconnected global economy. Visit us for more information about their latest funding round: https://founderlodge.com/round/Finverity-raises-5000000-Unknown-2023-03-31-Viacheslav-Slava-Oganezov-MTE3NjU