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Koverly

Provider
LendingAccounts Receivable

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 2 categories.

koverly.com ↗Also analysed as a company — its own stack →
CategoriesLending, Accounts Receivable
Rank#107 of 259 in Lending
Buyers2 companies
HeadquartersWaltham, Massachusetts, US (office in Concord, MA)
Founded2020
FoundersIgor Ostrovsky (CEO), Michail Medvinsky (CTO)
Raised$27.1M

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Founders & story · from Koverly’s own dossier

Koverly launched in 2020 to serve US SMB importers with a combined foreign-exchange and short-term credit product. The platform has grown into a broader global B2B payments suite — cross-border payouts to 128 currencies, embedded checkout for freight forwarders and customs brokers, KoverlyPay (Pay-in-4/8/12 B2B BNPL), Credit Hub for customer onboarding, and a USD wallet. Koverly positions itself as a technology company that plugs into partner banks and financing partners rather than holding its own charter.

Latest round: Venture, 2025
Recent developments
  • 2025-08Closed $19M venture round. source ↗
  • 2026-03Updated Terms of Service and Payment Services Terms. source ↗
Full dossier: Koverly’s own stack, layer by layer →
Who uses Koverly
2 companies disclose Koverly in their stack
Download “Built on Koverly” image ↓
GoFreightTKambio USA
Buyer mix · 2 of 2 classified
Fintech / Cross-border payments · 1Vertical SaaS / Logistics · 1
US · 2
What the disclosures say
GoFreight
“The Koverly partnership page notes clients can pay via 'ACH, credit card or wallet transfers,' implying Koverly provides the payment rails for the net-terms product — but the merchant-of-record and PSP behind GoFreight Pay itself is not disclosed.”
TKambio USA
“The US platform (tkambio.us) directs users to Koverly for checkout, which supports ACH, credit card, and wallet transfers per the Koverly partner page.”
The complete buyer list is not published on this page. Get the monthly recap for new Koverly customers as they are disclosed. Represent Koverly? Claim this profile above to unlock your own full list.
Where Koverly’s buyers are
1 country with a disclosed buyer HQ
2 classified buyers, shaded by concentration — heaviest in 🇺🇸 United States (2). HQ country, not where Koverly operates.
Fewer
MoreNo disclosed HQ
New Koverly customers land in the monthly recap.
What Koverly runs on · from its own dossier
The third-party providers Koverly itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Koverly.
Open Banking
Plaid
Full dossier with evidence for each layer →
Alternatives to Koverly

Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Affirm66 buyers →Klarna56 buyers →YouLend49 buyers →Mambu36 buyers →Stripe Capital33 buyers →Wisetack27 buyers →Liberis22 buyers →Afterpay17 buyers →
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An embeddable badge for Koverly’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #107 of 259 in Lending — Embedded Finance Index 2026
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Koverly — frequently asked

Which companies use Koverly?

2 companies are linked to Koverly in the Embedded Finance Index 2026, through their own public disclosures or Koverly's published customer list, including GoFreight and TKambio USA.

What does Koverly do?

Koverly is an embedded-finance provider in Lending and Accounts Receivable. It ranks #107 of 259 Lending providers by linked companies.

What are the alternatives to Koverly?

The most-named Lending alternatives to Koverly are Affirm (66 buyers), Klarna (56 buyers), YouLend (49 buyers), Mambu (36 buyers), Stripe Capital (33 buyers) and Wisetack (27 buyers).

Who founded Koverly?

Koverly was founded by Igor Ostrovsky (CEO) and Michail Medvinsky (CTO) and is founded in 2020, headquartered in Waltham, Massachusetts, US (office in Concord, MA).

How much funding has Koverly raised?

Koverly has raised $27.1M in total.

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