Finverity snaps up former ING trade advisory head to drive expansion

Finverity, a trade and supply chain finance platform, has appointed Oliver Petersen as its new Chief Commercial Officer to spearhead its global expansion efforts. Petersen joins the fintech after more than two decades at ING, where he previously served as the global head of supply chain finance and global head of trade advisory and structuring. This strategic hire follows a period of significant growth for Finverity, which reported a 280% year-on-year increase in business over the past 12 months. The move signals the company's intent to scale its technology-driven solutions across major markets including Europe, the United States, and the Middle East.

Finverity has recruited Oliver Petersen to the role of Chief Commercial Officer to drive the firm’s continued expansion into new geographies and product offerings. Petersen brings extensive institutional experience from ING, where he spent 24 years in various leadership positions, most recently as the global head of trade advisory and structuring. His background includes a tenure as the global head of supply chain finance and director of structured finance for the telecom, media, and technology sector. Finverity aims to leverage Petersen’s two decades of relationship-building with banks, corporates, and financial institutions to strengthen its commercial reach, particularly within the European market.

The appointment comes as Finverity reports a 280% year-on-year growth rate over the previous 12 months. According to CEO and co-founder Viacheslav Oganezov, the hire is part of a broader strategy to build upon the firm’s existing leadership in the Gulf Cooperation Council (GCC) and Africa while scaling operations across the world’s largest supply chain finance markets. This expansion strategy also includes the recent addition of Phillip Hancock as a senior advisor to lead the company’s entry into the United States. Petersen’s focus will remain on helping clients optimize working capital and cash flows through the firm's digital ecosystem.

Petersen highlighted that his move to the fintech sector was motivated by the persistent challenges he observed within traditional banking, such as fragmented systems, slow onboarding processes, and programs that struggle to scale across different products or regions. He specifically cited the capabilities of the FinverityOS platform, noting its focus on security and compliance as a deciding factor for his transition. By integrating these technological advantages, Finverity intends to provide more efficient supply chain finance solutions to a broader range of international banks and corporate clients who are looking to overcome the limitations of legacy financial infrastructure.