NBFC Desk

How it works

From funding proposal to sell-down, on one platform.

Every raise follows the same path. The borrower brings a proposal, the platform screens it, matches it to the lenders it fits, and sells it down across them at parity.

The full flow

  1. Funding proposal. The borrowing NBFC brings the amount it needs and the security behind it.
  2. Level 1 diligence. Our team collects and reviews the company diligence online.
  3. Matching. The raise is matched to lenders on thesis, rate band and risk appetite, and shared only with them.
  4. Level 2 diligence. Each matched lender runs its own diligence on the same files.
  5. Sell-down at parity. The raise is split across the lenders who take part, on the same security, terms and rate.
  6. Sanction and funding. Each lender's part is sanctioned and funded.
How a raise moves from proposal to fundingA borrower's funding proposal goes through Level 1 diligence by the platform, then matching on thesis, rate band and risk appetite. It is shared only with matched lenders, each of whom runs Level 2 diligence. The raise is then sold down across those lenders at parity, sanctioned and funded. The borrower's next drawdown starts from the same file.Funding proposalamount and securityLevel 1 diligenceplatform screeningMatchingthesis, rate band, risk appetiteLender ALevel 2 diligenceLender BLevel 2 diligenceLender CLevel 2 diligenceLender Dnot matchedSell-down at paritysame security, terms, rateSanction and fundingeach lender's partNext drawdown, same file

Two-level diligence

Level 1 is the platform's screening. Our team collects the borrower's company diligence online and reviews it before any raise is shared. It is baselined once, then refreshed quarterly or when something material changes.

Level 2 is each lender's own diligence on the borrower. Lenders work from the same files and record their review on the platform.

Two-level diligenceLevel 1 is the platform's screening of the borrower, done before a raise is shared. Level 2 is each matched lender's own diligence on the borrower, run on the same files and recorded on the platform.Level 1: platform screeningOur team collects and reviews the company diligence online.A raise is shared with lenders only after this.Level 2: each lender's own diligenceLender Aon the same filesLender Bon the same filesLender Con the same files

Matching

Each lender's profile holds its thesis (the segments it wants exposure to, such as auto loans), its rate band and its risk appetite. A raise is shared with a lender only when it fits all three.

Lenders it doesn't fit never see it.

Deal flow filtered to a lender's bookMany raises on the left pass three filters in turn: the lender's thesis, its rate band and its risk appetite. Only the few raises that pass all three reach the lender's deal flow on the right.ThesisRate bandRisk appetiteRaises on the platformYour deal flowA raise is shared with you only if it passes all three.

Sell-down and parity

A raise can be sold down across several lenders. Parity means every lender in the raise gets the same security, the same terms and the same rate.

Each lender sees the total and how much is filled, never who else is in the raise.

One raise sold down across lenders at parityA single raise is split into parts taken by different lenders, with part of the raise still open. Every part carries the same security, the same terms and the same rate.One raiseLender ALender BLender CStill openSame security, same terms, same ratefor every lender in the raiseEach lender sees the total and how much is filled, not who the other lenders are.

Recurring drawdowns

Borrowing recurs, so the platform is built around repeat raises rather than one-off deals. Each borrower draws down on its own cycle: monthly, quarterly or yearly.

Every new drawdown builds on the diligence and history already on the platform.

Drawdowns on each borrower's own cycleThree borrowers over the same twelve months. One draws down monthly, one quarterly and one yearly. Each drawdown builds on the same diligence file.Twelve monthsMonthlyQuarterlyYearlyA drawdown

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