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, 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.

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