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About Igor Zaks, Founder of Tenzor Ltd.

Tenzor Ltd. provides consultancy and interim management for corporate restructuring, financial and risk management, working capital, and supply chain strategy. It was founded by Igor Zaks in 2009. The company initially operated in London, UK. As of 2016, it has relocated to Toronto, Canada.

Founder- Igor Zaks, CFA

Igor Zaks, President, Tenzor Ltd.

Igor Zaks, founder and President of Tenzor Ltd., is a seasoned finance professional with experience in banking, blue-chip corporate, and consulting sectors. He has worked in various financial instruments, industries, and functions. His clients include Fortune 100 companies, major banks, private equity companies, and multilateral institutions.

Igor began his career in 1990, initially in consulting and later as Finance Director for a high-tech company. He later moved to Citibank. He initially worked in project finance. Then he established and led its first research department in Russia. He was instrumental in the Emerging Market Strategy task force, which examined market developments and Citibank’s strategic positioning.

After moving to Citibank London in 1996, Igor set up market strategy research for Central and Eastern Europe, the Middle East, and Africa. He then joined the Principal Finance team at Daiwa. There, he orchestrated a series of innovative deals across various markets. These deals spanned different industries.

In 2000, Igor moved to Dell. His first task was to revamp the credit and trade finance operation for EMEA Distribution. Until then, it was widely seen as an inhibitor for growth. After a thorough re-engineering of structure and processes, the business more than doubled sales without a single loss. He was also instrumental in driving change in major regional Dell distributors. On the strength of these achievements, Igor was promoted to review overall receivables financing across Europe. This resulted in an 80% reduction in cost. It also resulted in a significant improvement in controls and business alignment.

In both roles, Igor designed several innovative structures, working with credit insurers, banks, and other finance providers. He also redesigned the procurement framework in the financial services space, leading to savings of $7 million within 6 months (in areas like credit card acquisition, accidental damage, theft insurance, etc.). He went on to head risk and financing for EMEA regional businesses and the UK.

Igor then moved to Eurohypo/Commerzbank as a director. He undertook traditional public finance transactions. He also drove expansion into new asset classes, like receivables, leases, and export credit agencies.

He was a Managing Partner in SCF Capital from November 2006 to May 2009. This boutique specialized in supply chain financing and its applications. One of the other Managing Partners was John Sculley, former CEO of Apple. There, he led all aspects of deal structuring and was actively involved in various projects with corporations and financial institutions.

In 2022, Igor co-founded 40Seas. It is an AI-powered platform that automates invoice-to-cash workflows. It also provides embedded B2B cross-border digital payments and extended payment terms. This platform enables suppliers worldwide to enhance sales, streamline manual processes, manage credit risk, and improve cash flow. He served as Chief Risk Officer at 40Seas until May 2025. During his tenure, the company achieved $117 million of debt and equity funding.

Igor is a Mentor with FEI Canada, the MentorAdvantage program, and an Advisory Board Member with IndigoBlue Mortgage Investment Corporation. His also an Editorial Board member at TRF (Trade and receivables Finance) News

Igor Zaks received his MSc in Physics from Novosibirsk State University, Sloan Fellowship MSc (with distinction) from London Business School, and GPLLM (Global Professional Master in Laws) from the University of Toronto. He holds a Chartered Financial Analyst (CFA) qualification.

London Business School
GPLLM University of Toronto
View Igor Zaks profile on LinkedIn
CFA Charter Igor Zaks (Zax)
Igor Zaks- Mentor, FEI The Mentor Advantage


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TRF news - Igor Zaks
Editorial Board Member

48 thoughts on “About Igor Zaks, Founder of Tenzor Ltd.”

  1. Pingback: Igor Zaks to present at TXF Americas 2020 | TENZOR LTD

  2. Pingback: Igor Zaks to present at ExCred 2019 | TENZOR LTD

  3. Pingback: Igor Zax to present at TXF Trade, FinTech & Treasury 2016 | TENZOR LTD

  4. Pingback: The Basis of AI for Corporate treasurers- by Igor Zaks | TenzorAI

  5. Pingback: Using AI: Managing Credit Risk | TenzorAI

  6. Pingback: Igor Zaks to present at ExCred 2019 | TenzorAI

  7. Pingback: TenzorAI team published an article on Distributed AI in Receivables Finance | TenzorAI

  8. Pingback: Igor Zaks to present at WOA e-roundtable "2019 Trends and Challenges in SCF" | TenzorAI

  9. Pingback: Igor Zax (Zaks) to chair Insuring Short Term Trade FInance conference | TenzorAI

  10. Pingback: Using AI: Managing Credit Risk

  11. Pingback: Igor Zaks to speak at Receivables Finance International Convention | Tenzor Ltd.

  12. Pingback: Igor Zaks joins TRF News Editorial Board | Tenzor Ltd.

  13. Pingback: Greensill – lessons in structuring and due diligence |

  14. Pingback: Igor Zaks presented at Receivables Finance International Convention- recording | Tenzor Ltd.

  15. Pingback: Igor Zax presented at Supply Chain Symposium | Tenzor Ltd

  16. Pingback: Igor Zaks presented at Open Account Trade Finance Webinar

  17. Pingback: Igor Zax (Zaks), CFA Alexei Lapouchian, PhD and Vlad Skorokhod, PhD , of TenzorAI. published a new article, AI and factoring - an upcoming revolution? in World Factoring Yearbook 2018 by BCR Publishing. | Tenzor Ltd

  18. Pingback: Igor Zax (Zaks), CFA Alexei Lapouchian, PhD and Vlad Skorokhod, PhD , AI and factoring - an upcoming revolution? in World Factoring Yearbook 2018 by BCR Publishing. |

  19. Pingback: Igor Zax to speak at Supply Chain Finance Summit in Frankfurt

  20. Pingback: Alternative invoice finance- areas for innovation | Tenzor Ltd

  21. Pingback: Igor Zax chaired Private Equity Origination Conference

  22. Pingback: Igor Zax to chair Trade Credit- Finance Risk and Insurance conference

  23. Pingback: Igor Zax published on Distribution Finance at TFR

  24. Pingback: Igor Zax presented at GTR Trade & Export Finance Conference

  25. Pingback: Prof. Paolo Volpin on Igor Zax lectures - Distressed M&A

  26. Pingback: Effects of credit insurance withdraw on retail industry | Tenzor Ltd

  27. Pingback: Mind the chain: lessons for firms in distressed markets by Igor Zaxin Private Equity News

  28. Pingback: Igor Zaks, CFA, presents at FCI Annual Meeting | Tenzor Ltd

  29. Pingback: Supply chain finance – some thoughts about fundamentals

  30. Pingback: Igor Zaks interviews Andrew Raymond, CEO, Bolero

  31. Pingback: Jens Noffke of La Roche interviewed by Igor Zaks | Tenzor Ltd

  32. Pingback: Receivables platforms- key considerations Igor Zaks

  33. Pingback: FCI panel recording: POST-MORTEM ANALYSIS ON GREENSILL

  34. Pingback: Igor Zaks presents at BCR Receivables Convention in London

  35. Pingback: Greensill: The lessons for credit insurers by Igor Zaks | Tenzor Ltd

  36. Pingback: Greensill and insurers – the story is just beginning |

  37. Pingback: Igor Zaks at FCI Conference on Receivables Finance |

  38. Pingback: Igor Zaks to present at Georgetown University | Tenzor Ltd

  39. Pingback: Interview with Bertrand de Cominges , Santander by Igor Zaks

  40. Pingback: Igor Zaks to present at M&A advisor summit | Tenzor Ltd

  41. Pingback: Igor Zaks interviewed about credit insurance | Tenzor Ltd

  42. Pingback: Igor Zaks, Tenzor Ltd interviews Richard Wulff, ICISA

  43. Pingback: Building and Managing Receivables Finance Platforms

  44. Pingback: Igor Zaks to present at the FCI annual meeting in Washington

  45. Pingback: Igor Zaks chaired RFix22 conference in London | Tenzor Ltd

  46. Pingback: Fintech in Receivables Finance: Strategic Positioning & Cooperation | Tenzor Ltd

  47. Pingback: Receivable Finance technology- core considerations for a platform | Tenzor Ltd

  48. Pingback: Revolutionizing Cross-Border Payments and Trade Financing with FinTech | Tenzor Ltd

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