Surecomp Announces Partnership with Finverity to Reinforce Integrated Trade and SCF
Surecomp today announced a strategic partnership with cutting-edge SCF technology provider Finverity. The collaboration enables Surecomp to provide banks and non-bank financial institutions (NBFIs) with fully integrated, end-to-end trade and SCF processing.
Founded in 2017 with a mission to address the growing trade finance gap by making open account trade and SCF more digital and accessible across the ecosystem, Finverity, through its powerful FinverityOS system, provides fully customisable SCF products such as payables finance, receivables discounting and distributor finance. With this partnership, banks using Surecomp solutions such as DOKA-NG or RIVO will be able to access the functionality to launch, manage and scale working capital finance programmes through a single interface which is seamlessly integrated with their documentary trade finance business.
The partnership represents a growing demand from financial institutions to diversify beyond traditional trade instruments and offer supply chain finance programmes. By expanding their portfolio, banks can remain competitive, improve customer retention, and empower corporates with real-time liquidity to foster a more robust and sustainable supply chain ecosystem.
“This partnership reflects the shift we’re seeing in global finance. Banks need to better support their customers with accessing the capital to reach their true growth potential. Together with Surecomp, we can support a broader ecosystem of buyers and suppliers, enabling greater financial stability and supply chain resilience,” said Alex Fenechiu, Co-founder & CRO of Finverity. “FinverityOS is flexible, built for scale and ready to go, helping financial institutions provide SCF programmes quickly that expand as they grow.”
“By combining Surecomp and Finverity’s technical and domain expertise across trade and supply chain finance, we are providing a comprehensive solution to streamline the full end-to-end process for both corporates and their financiers,” explains Enno-Burghard Weitzel, Surecomp’s Chief Solution Officer. “Through RIVO’s user-friendly interface, banks can provide better customer service with faster, cheaper, more inclusive finance, while businesses can efficiently access more financing options through one single platform.”