The same source-verified intelligence that catches fraud also accelerates origination. Every receivable verified in the debtor's own system of record, independent of the borrower, re-verified for the life of the facility.
Built for factoring houses, ABL lenders, TCI carriers, private credit, banks, and the brokers who feed them deals.
Demo and toolkit access with your work email. Onboarding is sales-led: every Funder talks to the team.
Receivables finance is a low-loss product. That's the trap. Close the gap that let First Brands grow before it's in your book.
The fraud caseThe deals you decline aren't bad credit. They're unverifiable data. Source-verified A/R widens the box and collapses the cycle.
The growth caseEvery recent blow-up shares one root cause: the data the Funder checked was data the borrower controlled.
Self-reported by the borrower.
Point-in-time, once or twice a year, scheduled by the borrower and paid for by the borrower. Between exams, you're flying blind.
They perfect a lien but verify nothing about a specific invoice, and can't catch the same receivable pledged twice.
They collapse when the borrower controls the email domain used to confirm.
The most important data in receivables verification is not the data the borrower submits. It is the data the obligor confirms. In a real deal they match. In a fraud they don't.
When fraud hits secured lending, it lives in the receivables: A/R and billing manipulation appear in 58% of secured-finance fraud cases (SFNet). The pattern is public, from Greensill's billions against receivables that didn't exist yet to the cases below. In every one, independent verification against the obligor's record would have changed the outcome.
Factored receivables that could not be found. Invoices pledged to multiple lenders at once.
The same collateral pledged again and again.
Fabricated telecom invoices. The debtor never confirmed them.
Over 2,000 fictitious invoices to inflate a borrowing base.
Together with what never makes the news: the $25B+ Receivables Verification Gap. The write-off is only the first hit. Then the provision, the regulator's call, the headline, and the chill on the whole desk.
Give it a business and a debtor, and it builds a full identity: a clone of their real site, an invoice, a bill of lading, financials, and an email thread from named execs. About twelve seconds, a fraction of a cent. The point is how cheap this has gotten, so you verify before you fund.
Educational use only. All artifacts are watermarked, isolated to demo.kapwork.io, and destroyed at session end. Do not register domains, send emails, or host any artifact publicly. Full demo access requires a work email and acceptance of the educational-use terms.
Three places we check, in the debtor's own record. The borrower cannot edit, fabricate, or duplicate any of them.
The debtor exists, and the borrower has an active vendor relationship in the debtor's own portal.
Each invoice verified in the debtor's portal of record. Invoices that live only in the borrower's accounting system get flagged.
Live status pulled from the debtor: approved, disputed, paid. Re-verification runs for the life of the facility.
Vendor Portal Agents across SAP Ariba, Coupa, Oracle, and the proprietary portals of major buyers: Target, Tesla, Meta, Verizon, T-Mobile, Nokia, and thousands more. The Email Verification Agent confirms invoices and status through email infrastructure. No IT project required.
Each one is the same check a careful credit team runs by hand, automated. Run any check on its own, or run all eight and get one legitimacy report on the deal in front of you.
Did the counterparty email really come from the domain it claims? DKIM, SPF, DMARC, spoofing, domain reputation.
PO, invoice, and bill of lading describe the same transaction.
Routing, SWIFT/BIC, account formats against the claimed institution.
P&L and balance-sheet identities hold across every period shown.
Container numbers against the ISO 6346 check digit and carrier prefixes.
TLS chain, certificate type, HSTS, Certificate Transparency, scored A to F.
Established suppliers keep domains for years. Brand-new domains deserve scrutiny.
Addresses resolve to real locations in the jurisdictions they claim.
One work email unlocks both. Checks are a screening aid, not a guarantee.
Obligor-source, continuous, and borrower-independent, at the level of the specific invoice. That gap is the position.
Point-in-time, manual, borrower-scheduled, borrower-paid. We're continuous and independent.
They reconcile what the borrower reports. We verify against what the obligor confirms.
Continuous, but pulled from the borrower's own accounting or bank. Never the obligor.
Runs the seller's own order-to-cash. Not independent verification for a lender.
Aggregate, historical, company-level. They never confirm a specific invoice.
Real confirmation, but only for enrolled buyers, or manual, one-time, and borrower-triggered.
Most of what you decline isn't bad credit. It's unverifiable data. The owner can't produce clean financials, so the desk chases paper for weeks and then passes.
ABL term sheet to funding, most of it diligence.
So the small one costs more to originate than it returns, and the desk walks.
When they don't fit an automated box. A $130B revenue opportunity, politely declined.
Approval rates roughly doubled, decisions from weeks to hours.
Throughput on the same headcount, with default rates improving, not deteriorating.
More approvals at zero added risk on day one.
Less underwriting time, less cost per file.
The deal goes to whoever funds first, and the file that funds fastest is the cleanest file. Verified A/R is the cleanest file.
Brokers and ISOs, alongside banks, originate more than half of factoring referrals. The residual, roughly 15 to 20% of the Funder's fees, pays monthly only while the account stays funded.
Receivables verified at the source before your client's hopes are up. No more vouching for a deal that dies in diligence.
Verified files collapse the cycle. The desk that funds first wins the deal, and you placed it there.
Continuous verification keeps the facility healthy, so the relationship survives and the residual keeps paying.
Catch fabricated invoices at the door, in the debtor's own record.
Independent verification of the base, continuously, not once a year.
Live status and anomaly flags before a late payment becomes a loss.
Thin-file, newly formed, concentrated-debtor borrowers, now inside the box.
Source-verified aging at the moment of underwriting, not after.
An always-on audit in place of a once-a-year site visit.
Source-verified aging at the moment of underwriting, instant confirmation of the debtor relationship, and re-verification for the life of the facility. Every Funder on the network trusts the same report on sight.
Request a MeetingIndependently audited controls. Reports available under NDA.
AES-256 at rest, TLS 1.2+ in transit, least-privilege access.
Every verification event logged. 0 fraud incidents, 2 years in production.
"The fastest way to turn an invoice into cash is to make it trustworthy. That's the whole game."
Try the demo and the toolkit on the deal in front of you, or start the conversation. Every Funder is onboarded by the team.
A 30-minute call with the team. No signup form for onboarding, on purpose.