Sayari, a counterparty and supply chain risk intelligence platform, has been granted an undrawn $40m revolving credit facility by CIBC Innovation Banking.
This significant financial support is poised to bolster the company’s strategic global expansion efforts. Earlier this year, Sayari also received a substantial $235m strategic growth investment from alternative asset management firm TPG.
Founded in 2015, Sayari enhances global commerce safety by improving supply chain transparency and resilience. The company provides critical support to sourcing, procurement, and trade compliance teams, helping them manage intricate risks that may often go unnoticed within supply chains. These risks include forced labor, ESG (Environmental, Social, and Governance) issues, and compliance with global sanctions.
Sayari’s innovative technology compiles publicly available global corporate ownership, subsidiary, and commerce data from over 250 jurisdictions worldwide, including real trade data from more than 70 countries.
Utilized by global regulators, law enforcement, and national security agencies, Sayari’s platforms—Sayari Graph and Sayari Map—offer expansive network visibility. These tools are instrumental for thousands of regulators and analysts across more than 35 countries in identifying and managing risks effectively.
Diego Recinos, Senior Director at CIBC Innovation Banking, highlighted the importance of Sayari’s services, stating, “In an increasingly complex and interconnected world of entity ownership and supply chains, Sayari’s commercial risk intelligence platform provides crucial insight to enterprise and government agencies. The strength of Sayari’s management team, quality of their proprietary data, and functionality of their data intelligence solution has attracted investment from leading technology investors such as TPG, Centana Growth Partners, and Arsenal Growth. We are excited to join Sayari on their journey and look forward to supporting them in this next stage of growth.”
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