Zolvo
Zolvo provides receivables automation software for commercial lenders, digitizing invoice verification, fraud detection, payment matching, collections, and portfolio monitoring. The platform automates reconciliation at the transaction level, creating an immutable audit trail for LP due diligence, and integrates with systems like FactorSoft, LoanPro, and QuickBooks. Zolvo reports matching over $1 billion in payments with 99%+ proposed-match accuracy.
- Financial Technology
- Software Only
Funding
Raised to date
$500KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Founder details are not available yet.
Product
Problem
Commercial lenders face rising operational complexity as payment volumes grow faster than staffing capacity. Manual invoice verification, spreadsheet-based reconciliation, and inconsistent intake checks create audit-trail gaps that LPs now scrutinize during fundraising, while fraud cases involving fabricated invoices and double-pledged receivables highlight the cost of weak verification controls.
Solution
Zolvo provides receivables automation software that digitizes the commercial lending back office, covering invoice verification, fraud detection, payment matching, cash application, collections, and portfolio monitoring. The platform automates reconciliation at the transaction level, creating a complete, immutable audit trail that lenders can produce on demand for LP due diligence. Automated intake verification ensures consistent checks run on every invoice before funding, eliminating analyst-by-analyst judgment calls. Zolvo supports factoring, asset-based lending, and private credit workflows, with integrations to FactorSoft, LoanPro, and QuickBooks for seamless data flow.
Target Audience
Primary customers are commercial lenders including factoring companies, asset-based lenders, private credit funds, and specialty finance providers in freight, healthcare, staffing, government contracting, and construction. The platform also serves institutional LPs and servicers who need verifiable audit trails for fundraising and compliance.
Features
- Automated invoice verification and fraud detection with consistent, systematic validation checks on every invoice before funding
- Real-time payment matching and cash application that tracks reconciliation status per loan at any moment, not just month-end
- Collections automation with exception logging that generates structured exception records for every resolution
- Portfolio monitoring and covenant compliance tracking, replacing spreadsheet-based processes with automated alerts
- API-based factoring software and integrations with FactorSoft, LoanPro, and QuickBooks
- Industry-specific calculators covering borrowing base, DSCR, DSO, dilution, concentration limits, factor rate to APR, and back-office automation ROI
- LP and investor reporting tools that produce timestamped audit trails and data tapes for due diligence requests