Finverity, a mid-market supply chain finance platform focused on emerging markets, has completed a USD2 million pre-Series A equity funding round.
Finverity, a mid-market supply chain finance platform focused on emerging markets, has completed a USD2 million pre-Series A equity funding round.
Investors in the round include MENA-based B&Y Venture Partners (a leading MENA venture capital fund with strong regional backers including Mubadala Ventures), and Canadian-based Loyal VC (an existing investor in Finverity operating a global start-up index fund with over 200 investments across 50-plus countries), an emerging market family office and a number of strategic angel investors.
The proceeds will be deployed in expanding the sales, operations and technology teams to support Finverity’s rapid growth.
