01What is the difference between Lenderwize and Invoicewize?
Lenderwize is the originator and servicer, and holds the institutional funding relationships; it is the side a lender deals with. Invoicewize is the platform sellers use to onboard, submit delivered volume and draw liquidity. Same verification model and payment rails, opposite sides of the transaction. This site is for capital providers; sellers should go to Invoicewize.
02How long have you been doing this?
Since 2017. The platform in its current form was built from 2020 and has processed over a billion dollars of trade receivables since launch. The senior secured facility documentation is more recent.
03Who are the key people, and what happens if they leave?
Three individuals are named in the facility documentation as key persons: the chief executive, the chief technology and operations officer, and the head of capital markets and origination. If any of them leaves, or ceases to devote the time to the business that they do now, the facility documentation provides a defined drawstop, released when a replacement acceptable to the lenders' agent is appointed. It is a real constraint rather than a comfort clause, and it was the lender's requirement rather than our suggestion.
04Are you a lender?
Not mainly with our own money. We originate, verify and service receivables. The programme is structured so that they are bought by a bankruptcy-remote SPV held within the group, financed mainly by institutional senior debt secured on the assets. Under the programme's eligibility rules, at least 10 per cent of each receivable is held back as a seller deposit, beneath the lender's advance, so each seller keeps a stake in what it sells. Under the senior facility documentation, the group's own capital also sits beneath the lender's. The senior capital is institutional.
05How do you earn revenue?
The programme is designed to pay us for running it. Under the senior facility documentation, Lenderwize USA Inc. will earn a servicing fee as servicer, paid monthly out of the SPV's collections through the order of payments the agent applies, ahead of the lender's interest, and the group will earn a return on its own capital in the programme from what is left after the lender, the programme's costs and any losses. Sellers also pay a platform fee, under platform agreements with Lenderwize Limited, the delegated servicer and platform manager; it is calculated at funding, the programme documents set when it is paid, and its movements are tagged in the payment layer the lender sees.
06Who owns the receivables?
They are sold outright to a bankruptcy-remote SPV when they are funded, and the seller's invoice gives the debtor notice of the assignment. The security package over that SPV, the account pledge, debenture and share pledge, is set out instrument by instrument in the structure note.
07How are collections controlled?
In the programme, each debtor pays into a unique virtual account in its supplier's name, set out in the confirmation letter the debtor signs before any funding occurs, and receipts are swept to the SPV's collection account within one business day. Each seller's collection account can pay only the SPV or a verified bank account in the seller's own name, and neither Lenderwize USA Inc. nor Lenderwize Limited holds an account in the payment flow.
08How are debtors validated, and what makes a receivable eligible?
Debtors are tested on consolidated revenue, tangible net worth, trading history with the seller, delinquency experience and jurisdiction. Receivables are tested at purchase date on term, size, governing law, debtor confirmation, seller deposit and the absence of dispute, offset or fraud indicator. The full criteria are published on the home page rather than held back.
09Which sectors and jurisdictions do you cover?
Under the senior facility documentation only telecoms carrier receivables are eligible; wholesale telecommunications is one of the most demanding verification environments in B2B receivables. Adjacent metered services would be added by agreement, one sector at a time, on evidence. Core debtor jurisdictions are the UK, EEA, US, Canada and Abu Dhabi; others can be added with the agent's approval, and no country may exceed a set share of the pool.
10How is credit insurance used?
Cover against non-payment is used where it adds protection, for example to support a debtor below the net worth threshold. It sits behind the debtor confirmation, the security package, the concentration limits and the seller deposit rather than in place of them. A structure whose only real protection is an insurer's continued appetite has a well-documented failure mode in this asset class.
11What happens if a seller fails?
The receivable has already been sold to the SPV, and the debtor has signed a confirmation letter naming where it pays; under that letter, payment anywhere else does not discharge the debtor. Collections land in the seller's own-name collection account, which can pay only the SPV or a verified bank account in the seller's own name, and sit there for up to a business day before they are swept to the SPV. The held-back seller deposit remains available against that receivable.
12What happens if a debtor pays late, or only in part?
Partial payments are allocated against the asset without closing it; the residual stays outstanding and visible, and seller reimbursement is deferred until the asset closes. Recovery runs as a structured escalation with defined service levels and multi-jurisdiction legal capability, reported to funders throughout.
13Which functions do you perform yourselves, and which sit with third parties?
We are the servicer. We work with regulated payment institutions and credit insurers rather than substituting for them, and under the senior facility documentation the agent and security agent roles sit with an independent administrator. A programme in which one party performs every function has a single point of failure.
14How is data protected?
Core infrastructure vendors hold SOC 2 Type II attestation; vulnerability scanning and penetration testing run continuously through a CREST-accredited provider; endpoint protection is enterprise-grade; and there is a named information security and data protection lead. A tested business continuity plan covers the platform, the payment rails and the data layer. Reports are available in the data room.
15How does a lender start diligence?
Request data room access from the home page. Tier 1 is a programme summary with no NDA. Tier 2 is the full diligence pack under NDA, including static pool and vintage performance, dilution and delinquency history, concentration tables, audited financials and the security and continuity documentation. A live read-only walkthrough of the platform is available at Tier 2 for credit teams who would rather watch the flow than read about it.
