Factoring made investable.
Automated factoring. Lower fraud, cleaner reporting, better yield.
One factor. Built as software.
We fund freight invoices on delivery and carry them to collection. What is different is how: underwriting, verification, collections, and covenants run in code, not in a clerk’s head. Capital sees the asset, not a report.
Intake
The invoice and its documents arrive: bill of lading, rate confirmation, proof of delivery.
Verification
Every document is checked at the source. Identity, the load, and the network, all confirmed.
Decision
Rules price the deal and gate eligibility, applied the same way every time.
Funding
The advance posts to one live, auditable book, traceable back to the document.
Standardize the operations, and four things fall out.
Scale
Growth is a function of capital, not headcount. The book grows as fast as funding allows, with no back office to add.
Underwritable
One book, one rulebook, one ledger. Eligibility applies identically to every invoice funded, so capital underwrites a system it can inspect, not an operator it has to trust.
Auditability
Every dollar is traceable in real time: what, for whom, on what terms, and why, down to the source document.
Enforcement
Eligibility and covenants are enforced live, on every purchase. An ineligible asset cannot enter the book.
Capital cannot underwrite what it cannot see.
A book you can only sample.
A field exam twice a year, a report at month-end, and an operator’s word in between. Capital prices the blindness or stays out.
A book you can verify, invoice by invoice.
Every receivable checked at the source, every decision replayable, the whole book live. Verify the population, do not sample it.
We have seen this story before.
Equities went from paper and bucket-shop fraud to disclosure and clearing. Factoring is still in its paper era: faxes, trust-me underwriting, fraud in the gaps. VFE ends that.
The short version.
What is VFE?
A freight factor built as software. Carriers and brokers get paid on delivery, and the whole operation runs in the Glass Box: verified at the source, decided by rule, replayable, on one live ledger.
When does it launch?
We are pre-launch, onboarding early clients and partners and arranging our first institutional facility. Join the early-access list.
Is VFE a factor?
Yes. VFE takes the receivable onto its own book and carries the risk. What is different is that the book is glass: every figure traces to a document, every decision replays to its rule.
I send clients to factors. Is there a program?
Yes. Refer a carrier or broker, we underwrite and fund them, and you earn on the flow for as long as they stay funded. No capital and no first loss from you.
Is my data safe?
Every document is sealed in a tamper-evident, append-only record. The source of truth is something you audit, not something we ask you to take on faith.
What does it cost?
Pricing is competitive and transparent. We will walk you through it in a short conversation, with no hidden spreads to discover later.
I fund receivables. How do I evaluate the book?
Under a mutual NDA you get a live, loan-level view of the book, the verification stack, and the controls you hold. The data room opens after a short conversation.
Funded on delivery.
Send the load docs. We verify, decide by rule, and fund. You see the rule.
You deliver · We verify · You get funded
Cash that shows its work.
Funded without the queue
Eligibility is checked as the invoice arrives. A cleared receivable funds the same day, with no closing day and no call to chase it.
Terms you can see
Your advance, fee, and reserve are on the screen before you sign, and they stay that way. No spread you find three months in.
The same answer every time
Decisions are made by rule, not by mood. Ask twice and you get the same answer, and the rule behind it.
Documents, not paperwork
Send the bill of lading, rate confirmation, and signed proof of delivery. We verify them at the source. Nothing is re-keyed, nothing is faxed.
Your book, live
Every invoice, what was advanced, what is in reserve, when the debtor paid. Open it whenever, no statement to wait for.
Built for how freight works
Designed around trucking and its documents, not a generic lending product with a truck on the landing page.
Three steps to funded.
Send the load
Submit the invoice with its documents the moment you deliver. From your phone, in about a minute.
We verify and decide
Identity, the load, the documents, and the wider network, all checked at the source. Then the rules price it and gate it.
Cash moves
The advance posts, the reserve releases by rule when the debtor pays, and every step sits on one live book.
Put your first load on it.
Tell us what you haul and who you haul it for, and we will reach out as we open up.
Send the client. Keep earning.
You know the carriers. We underwrite, fund, collect, and carry the credit. You are paid on the flow.
You refer · VFE underwrites and funds · You get paid
You introduce
A carrier or a broker who needs to get paid faster than the debtor pays.
We underwrite
Verified at the source, decided by rule. You hear back quickly, and you hear why.
They get funded
The invoice funds on delivery, and the risk comes onto our book.
You get paid
A commission on the flow they generate, for as long as they stay funded.
A referral you do not have to apologize for.
Paid on the flow
A commission on what your clients actually generate, for as long as they stay funded. Not a one-time bounty at signing.
Fast answers, with reasons
Decisions are made by rule, so no file sits on a desk. You hear back fast, and a no comes with the reason.
The relationship stays yours
We fund the client and carry the risk. You keep the standing that comes with a referral that worked.
We catch the bad ones early
Network-level checks flag double-brokering, fake loads, and address rings before they land. A bad apple in your pipeline does not become your problem.
No capital from you
You are not carrying paper, posting first loss, or guaranteeing anything. You refer; we fund and we carry it.
Nothing hidden from your client
Terms on the screen before signing, funding without a queue, and a live view of their own book. What you promised them is what they get.
Three steps, then it runs.
Introduce
Send the carrier or broker across with a name and a contact. No portal to learn and no packet to assemble.
We underwrite and fund
Verification, decision, and terms run on the Glass Box, and come back to you quickly either way.
You get paid
Commission on the flow, on a schedule you can see, with the volume behind it visible rather than asserted.
Start sending flow.
Tell us who you work with and roughly how much moves through you. We will come back with terms.
Stocks took two centuries
to become investable.
They traded trust for proof. VFE brings all of it to factoring at once.
Paper and trust
Ownership on certificates, settled by hand, the market run on reputation.
Fully digital
The whole operation runs in software, end to end. No paper, no fax, no filing cabinet, no back office to scale.
Opacity bred fraud
Bucket shops let people bet on prices they never owned. Fraud hid in the gaps.
Fraud has nowhere to hide
Every claim is verified against the original document and cross-checked across the network, before a dollar moves.
Disclosure becomes law
The SEC made disclosure mandatory. Markets ran on verifiable information, not reputation.
An open book
Funders see the whole portfolio live, down to the individual invoice and the reason it was funded.
One source of truth
Screens and a central depository replaced the paper with one verified record.
One live ledger
A single, auditable record of every dollar funded, checkable in real time by anyone with access.
A cleared, investable market
Transparent, centrally cleared, checked in real time, an asset class anyone can underwrite.
An investable asset class
Standardized, transparent, and enforced in code. Freight factoring you can underwrite the way you underwrite a security.
What the exchange did for stocks,
VFE does for factoring.
Three things made equities a real market: the book live, every claim traced to an unfakeable document, rules enforced in code. That is the glass box.
Most factoring is a black box. Ours is glass.
A factor runs on managing what it cannot see. VFE deletes the blindness: every decision is verified, recorded, and replayable.
Verification
identity · load · network
The live book
one auditable record
Source of truth
claim to approver
Eligibility
checked at origination
Covenants
self-executing, live
Audit chain
tamper-evident
Every number traces back to something real.
Most factoring data is a report someone typed. Here, every figure chains from the dollar funded to the document that proves it, and back to the decision.
Claim
A statement the book makes. This receivable is real and fundable.
Exhibit
The original document behind it: the bill of lading, the rate confirmation, the proof of delivery.
Evidence
What we verified from that exhibit, read at the source, not from a retyped summary.
Rule
The check that ran against the evidence, applied the same way every time.
Doctrine
The principle the rule comes from, so the reasoning is never improvised.
Approver
What signed off, on the record, so the decision has an owner.
Follow one funded dollar to its proof.
Watch one funded dollar prove itself, link by link, or click any step to jump in.
We check the things a phone call cannot.
Verification is a stack. Each layer catches what the one above missed.
Identity
Is this carrier real, properly authorized, and who they say they are?
Operational reality
Does their pattern of activity look like a genuine, running business rather than a shell?
Transaction reality
Did this load actually move? Do the documents hold together, and are they authentic rather than altered or reused?
The network
What the wider network sees that no single factor can: double-brokering, address rings, repeat bad actors. This layer strengthens with every transaction.
Synthesis
Every signal resolved into one confidence read, weakest-link aware and cross-checked, not an average that hides a red flag.
Continuous monitoring
Verification does not stop at funding. The book is watched and re-checked as conditions change.
Decided by rules, not by mood.
Consistent
The same rules, applied the same way every time. No drift, no mood, no exception argued in a hallway.
Replayable
Any decision can be re-run to the same answer, traced to the rule and the document that produced it.
Enforced in code
An ineligible asset cannot enter the book, and a funding that would breach a limit does not happen.
The point is not that we show you the numbers. It is that you can verify them yourself.
Every event is sealed before it counts, in an append-only chain where tampering shows. The book is not a story. It is a record you can audit to the exhibit. Don't trust. Verify.
Operator and capital, finally on the same side.
One live view of the book. One system. One goal.
You stop managing what you cannot see.
A black box asks you to trust it. The Glass Box hands you the lights.
You see the whole book
One live, loan-level view, down to the source document and the reason each asset was funded. Nothing you cannot drill into.
You can act, and leave
A short, self-liquidating book, with eligibility and cash control enforced in code and a kill switch you hold. Reposition or stop in real time.
You verify, you never trust
Every claim traces to an unfakeable source document, every decision replays to the rule that made it. Proof you check, not a story we assert.
We produce value from the same system you watch.
When the book performs, we both win. Same view, same incentive, one direction.
Real controls, you operate.
Not promises. Live instruments, enforced in code.
One live view of the book
Self-service, loan by loan: who was funded, why, and the proof behind it. No closing day, no waiting on a report.
Eligibility gated at origination
Every receivable is checked at funding, not sampled twice a year. An ineligible asset never enters the base.
Covenants you author, enforced live
Your rules, watched continuously and tightening before a breach rather than after, never left to an operator's discretion.
Replayable decisions
Re-run any decision to the same answer, traced to the rule and the document that produced it. Verify the population, do not sample it.
Cash control
Funds move through a lockbox on a defined waterfall, on rules you set, visible on the same live ledger.
A kill switch you hold
Pause, freeze, or reposition exposure in real time. The brake sits with the people funding the book, not with us.
If you fund receivables against data and control, this was built for you.
Structured credit, forward flow, ABL, bank warehouse desks. The Glass Box fits how you already underwrite. Eligibility and concentration limits live in the code that funds the asset, so the credit box is enforced at origination, not tested after.
See the book.
The full data room opens under a mutual NDA. The first step is a short conversation.