What Zolvo does
Zolvo is AI servicing infrastructure for commercial lenders, focused on factoring, confirming, and asset-based lending (ABL). It automates the manual back-office servicing work, reconciliation, verification, collections, and reporting, that consumes a large share of a lender's operations headcount, so lenders can grow portfolios without growing teams.
Key capabilities
- Automates payment matching, portfolio monitoring, and investor/portfolio reporting
- Handles invoice verification, collections, and reconciliation of wire payments
- Integrates with existing stacks, including loan management systems like LoanPro and FactorSoft, QuickBooks, and bank feeds via Plaid
Who it's for
Zolvo targets mid-market factoring, confirming, and ABL companies that want to scale their portfolios without proportionally scaling operations teams, in an industry the company notes still runs largely on legacy software. Zolvo is backed by Y Combinator.