Finverity, the trade and supply chain finance digital ecosystem, has announced the appointment of Symmie Swil as Head of Operations. The appointment comes as Finverity continues to invest in operational excellence on the back of its recently announced $5 million equity fundraise and 15x revenue growth in 2022. Swil will focus on building scalable and efficient operations as the business and its clients’ needs grow, supporting the growth of the funding platform for mid-market corporates, the SaaS offering and the wider business operations.
Swil brings diverse strategy and operational leadership experience gained in both senior fintech and investment banking roles: building for scale at UK digital bank, Starling, and managing the complex operations of a large organisation at Investec. During her 18-month tenure as Head of SME Banking at Starling, Swil played a pivotal role in building the business banking department and tripling the number of business accounts to over 430,000. Prior to Starling, Swil spent over 10 years at Investec, where she was Head of Strategy Development and then Deputy COO for Investec’s UK Corporate and Investment business. At Investec, her remits included digital transformation and operational delivery. Swil’s vast insights and experience of growth opportunities and operational challenges will prove invaluable as Finverity scales up its number of corporate and banking clients as well as partnerships. During her career to date, Swil has also spent 8 years advising mid-sized corporates on M&A and fundraising transactions in Sydney and London at various investment banks including RBS, ABN Amro and in venture capital.
(TOP: Symmie Swil, the new Head of Operations at Finverity).
“We are delighted to welcome Symmie to Finverity,” said Alex Fenechiu, COO and co-founder. “With her track record and contagious, positive energy, she is the perfect fit to lead our operations as we continue to grow our international client base and expand our suite of services.”
“We are very excited to bring Symmie onboard. She is fully behind our mission of helping close the global trade finance gap and her experience of building out scalable operational processes is paramount to our growth phase” said Viacheslav Oganezov, CEO and co-founder.
“I’ve seen the power of technology in transforming legacy banking and revolutionising access to finance”, said Swil. “We take for granted the trade finance that underpins almost everything around us – from avocados on toast to the latest iPhone – but it is still largely governed by paper and inaccessible to most mid-market enterprises. Digitalisation is fast replacing manual, time-consuming, operational processes that are prone to human error, whilst also bringing the benefits of reduced friction that accelerates the allocation of funding. However, technology has barely scratched the surface so far. Closing the trade finance gap is arguably the biggest opportunity in fintech right now and so I’m delighted to be joining Finverity as we continue to make trade finance better, fairer and more accessible for more businesses.”
Swil is based out of Finverity’s London Fitzrovia office. Finverity currently serves clients in 11 countries across the Middle East, Africa as well as Central and Eastern Europe.
Founded in 2017 and headquartered in London, Finverity is global trade and supply chain finance (SCF) digital ecosystem, helping mid-market corporates, banks and NBFIs navigate the world of trade finance.
Finverity offers two core products: Finverity Funding Platform (which brings together corporates seeking working capital and funders looking to deploy capital into quality mid-market assets on a single platform. It comes with a whole suite of services covering the entire deal lifecycle and technology to enable trade and supply chain finance deals to be executed seamlessly and at scale), and Finverity OS (a SaaS solution which provides an end-to-end technology operating system for banks and non-banking financial institutions – NBFIs – to completely revolutionise their trade finance and working capital operations, client experience and risk capabilities).
Finverity is growing rapidly, doubling its headcount, increasing revenues 15x and initiating expansion into three new international offices in 2022. The company is backed by 5 world-class VCs from different parts of the world and serves clients in 11 countries across the Middle East, Africa and Central & Eastern Europe. In May 2023, Finverity was shortlisted as a finalist in the Best Trade Finance Software provider award by GTR Global Trade Review.