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Finverity appoints new Chief Operating Officer, Alex Fenechiu named CRO

By Gloria Methri

February 09, 2024

  • Digital Trade Finance
  • Europe
  • Fintech news

Finverity, Supply Chain Finance, Digital Trade Finance, Working Capital Finance, FinTech, UKFinverity, the trade and supply chain finance digital ecosystem, has announced significant changes to its executive team, as the company prepares for its next growth phase.

Symmie Swil, Finverity’s Head of Operations has been promoted to the role of Chief Operating Officer (COO). Swil joined Finverity in 2023, bringing diverse strategy and operational leadership experience gained in both senior FinTech and investment banking roles.

Before this, Swil was Head of SME Banking at Starling, where she 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.

Finverity said in a release that Swil’s vast insights and experience of growth opportunities and operational challenges will prove invaluable as the company scales up its number of corporate and banking clients as well as partnerships.

Meanwhile, Finverity also announced that its co-founder and former COO Alex Fenechiu will transition to the role of Chief Revenue Officer (CRO).

Founded in London in 2017, the Finverity digital ecosystem provides the technology, working capital and expertise to make trade and supply chain finance (SCF) work for businesses, banks and NBFIs.

FinverityOS (SaaS), is the end-to-end operating system designed to digitally transform trade and SCF operations, client experience and revenue generation capabilities at local and regional banks and NBFIs.

In 2022, the company increased revenues by 15x, doubled its headcount and initiated expansion into three new international offices. It is backed by five VCs and serves clients in 11 countries across the Middle East, Africa and Central and Eastern Europe.

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