Dmitriy Wolkenstein is founder and chief executive of TIMVERO, the London company whose timveroOS platform lets banks, fintechs, and specialty lenders configure loan origination, decisioning, and loan management on a core they can extend.
A Lender Should Own The Stack
Wolkenstein spent more than ten years leading financial technology businesses across Eastern Europe and emerging markets before he started TIMVERO. His starting idea was that lending infrastructure should be owned by lenders, not rented from vendors. He incorporated TIMVERO LTD in England and Wales on 21 May 2021, with a registered office on Paul Street in London, and built a team whose members had worked at American Express, Capital One, PayPal, and Tesla.
timveroOS is a framework lenders can configure and host in a private cloud, on their own servers, or in a hybrid setup. Plans start at $5,900 a month with unlimited users, and at $8,900 a month for small and midsize banks. The company says the platform manages more than $5.5bn in loan portfolios and processes more than 7,000 applications a day in more than 13 countries.
Clients With Unusual Products
Its customers include Finom, a European e-money institution serving more than 200,000 small businesses and freelancers, and Cartiga, a US investor that finances law firms against the outcome of cases. Those are the kinds of products standard platforms struggle with, and they are the reason Wolkenstein built a system lenders can reshape. The company also offers a timveroProof pilot, in which a lender tests the platform on its own rules, cases, and targets before signing. The bet is that a bank or specialty lender will pay for control, and that posted prices will bring them in the door.
