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To increase SMEs’ participation in international trade.
76% employee growth in 12 months
When the e-commerce revolution took off in the early 2010s, it became increasingly easy for SMEs to serve customers worldwide. However, the global banking system remained a major stumbling block denying financial services to over 80% of international merchants, favouring large corporations instead. Though not a chartered bank, Silverbird effectively functions as a digital bank, offering cross-border financial services for small to medium enterprises (SMEs).
The company has developed data-driven KYC technology to onboard and serve global SMEs. It also collects transactional data across the world to verify legitimate companies and supports global supply chains, providing payments and accounts where others cannot. Online Neobanks has been on the rise for the best part of a decade now, but it’s only in the last few years that they’ve begun to turn their attention to the underserved SME market, and Silverbird has capitalised on this.
Though only founded in 2020, the company's founder Max Faldin has a wealth of experience in the online payments and finance space, having run Russian online marketplace WikiMart, as well as cross-border e-commerce and trade company Wiki CBT. Silverbird believes once the major bottlenecks of cross-border commerce are removed, millions of SMEs will enter the global markets and are working at every step to achieve this.
Steph
Company Specialist at Welcome to the Jungle
Aug 2022
$6.6m
SEED
Apr 2021
$4.3m
SEED
This company has top investors
Max Faldin
(CEO)Previously founded Incount and Wiki CBT and co-founded WikiMart.