Stop fraud before you fund.
Fraud rings run real companies with real bank statements, apply to dozens of funders at once, then default on all of them. One file looks clean. Across the network, it doesn't.
Live since September. A flag, not a score. Flat monthly fee, unlimited checks.
Trusted by 200+ funders, brokers, and fintechs.
Powering underwriting for MCA, revenue-based financing, term loans, lines of credit, and SBA deals.
It passes every check. It's still fraud.
The company is real. So are the bank statements and the registration. The deposits are the ring paying itself, and it applies to thirty funders in a week before it stops paying all of them.
Your underwriter didn't miss it. It wasn't in the file.
One clean file. Click through to the ring.
Anonymised and illustrative. Click Next to follow the money one hop at a time.
Deposits $184K a month. One open position, paying on time.
09:14. A clean file. Most funders are pricing an offer by now.
Company 3 was reported as an early default by a consortium member.
The deposits are real. They come from businesses in the same ring.
Same money, one step further out. Each one looked clean on its own file too.
Nothing here is forged. The companies are real, and so is the money. It just goes in circles.
Every company reviewed by a Heron analyst before it can trigger a flag.
One file looks fine. The connections don't.
Fraud ring detected.
Flagged 27 minutes after the file landed. Statement parsing and credit pull skipped.
Internal reason: Heron fraud network scan, match, fraud ring.
Reason sent to broker: Management is not interested in working with this merchant.
Your rules decide whether a match declines the deal or sends it to review.
What it is
The Fraud Consortium maps the companies connected to confirmed early defaults across the industry, and checks every deal you send us against it before you fund. A match comes back as a yes/no flag with the reason, in the workflow you already run.
How it works
- Members share early defaults. Name, state and EIN, once a month.
- Heron maps the ring. Outward along the money, with an analyst reviewing every company.
- Your policy decides. A match lands in your dashboard, API, webhook or CRM within the hour.
Catch fraud before you fund it.
Built for auto-decline, not for investigations. We'd rather flag one company a month we're sure about than ten a day.
| Stop losses before they happen | A yes/no fraud flag with the reason, within an hour, delivered to your dashboard, API, webhook or CRM. |
|---|---|
| Decline with confidence | High-confidence signals, verified by a Heron analyst, so you can auto-decline without a manual investigation. |
| Stay protected | Every deal is monitored for 30 days, with alerts on newly discovered connections. |
| Uncover fraud in your defaults | Share them monthly (name, state, EIN) and we tell you which ones were ring members, not bad credit. |
Fraud rings share everything. Funders share nothing. Until now.
“If you stop one instance of fraud, you've paid for this for well over a year.”