Reuben AI

    Trade finance, with continuous counterparty visibility

    Invoice factoring, receivables and supply-chain credit with counterparty, dilution and concentration tracking.

    Trade finance is short-duration, high-velocity credit. Receivables turn over in weeks. Obligor concentration can build silently. Dilution rates from credit notes and disputes erode yield if untracked. Most funds run this in transaction systems that surface activity but not portfolio risk. Reuben AI sits over the transaction layer with structured counterparty exposure, dilution tracking, concentration monitoring and recovery analytics.

    RReuben AIUserCovenantThresholdStatusDSCR ≥ 1.2xLTV ≤ 65%Net Leverage ≤ 4.0xMin Cash $5MEBITDA Margin ≥ 20%

    Why this asset class needs a different operating model

    Obligor concentration builds silently. A single buyer can become the dominant credit exposure across dozens of invoices. Without portfolio-level look-through the concentration is invisible until something fails.

    Dilution erodes yield. Credit notes, disputes and short payments are the silent drag on advertised yield. They need to be tracked per obligor and per programme.

    Velocity hides risk. High turnover masks build-up of stretched payment terms, deteriorating credit quality and concentration breaches.

    Recoveries need structured workflow. When a receivable fails, the path from dispute to collection to write-off needs structured tracking and lessons-learned that flow back to underwriting.

    How Reuben AI covers it

    Counterparty exposure ledger

    Obligor-level exposure aggregated across receivables, programmes and originators. Concentration limits enforced at fund and sleeve level.

    Dilution and yield tracking

    Credit notes, disputes, short payments and payment delays tracked per obligor and per programme with realised vs underwritten yield reconciliation.

    Real-time concentration limits

    Single-name, sector, geography and tenor limits computed continuously with automatic alerts on breach or near-breach.

    Recovery and collections workflow

    Failed receivables move through structured dispute, demand and write-off workflows with lessons-learned feeding back into the underwriting layer.

    Originator and programme monitoring

    Performance of each origination channel and programme tracked separately with realised vs expected loss reconciliation.

    Relevance by fund type

    VC

    Niche

    PE

    Niche

    Private Credit

    Core

    Growth Equity

    Niche

    Hedge Fund

    Opportunistic

    Infrastructure

    Niche

    Family Office

    Adjacent

    Emerging

    Niche

    CVC

    Niche

    Institutional

    Adjacent

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    Common questions

    Does Reuben AI replace transaction-management systems?

    No. Reuben AI sits over transaction-management systems and originator platforms, ingesting position-level data and providing portfolio-level risk and analytics on top.

    How are concentration limits enforced?

    Limits are configured per fund, sleeve, programme and originator across single-name, sector, geography and tenor dimensions. Breaches and near-breaches trigger structured alerts.

    Can it handle multiple originators and programmes?

    Yes. Multi-originator, multi-programme structures are first-class with per-programme performance tracking and consolidated portfolio reporting.

    See Trade Finance in Reuben AI

    Book a demo to walk through deal flow, diligence and reporting tailored to this asset class.

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