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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#101 of 239 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
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 and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Koverly? Claim this profile above to unlock your own full list.
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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.
PSP
checkoutglobal payments
Card Network
VisaMastercardAmerican ExpressDiscover
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.

Affirm60 buyers →Klarna39 buyers →YouLend37 buyers →Mambu34 buyers →Stripe Capital30 buyers →Wisetack27 buyers →Liberis18 buyers →finmid16 buyers →
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Ranked #101 of 239 in Lending — Embedded Finance Index 2026
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