Kapwork Debuts to Automate and Accelerate Invoice Factoring

Agents-enabled platform verifies invoices through direct integration with leading vendor systems

LOS ALTOS, Calif., Feb. 10, 2025 /PRNewswire/ -- Kapwork, the company increasing access to working capital, announced Kapwork Verify to help Factors deploy capital faster, minimize risk, and reduce operational costs. Verify's Portal Agents automate invoice verification across thousands of vendor portals, saving valuable time and cutting operational costs by as much as 20%. With Kapwork, Factors can improve operating margins while unlocking more funding for millions of small businesses.

Factoring is the centuries-old practice of selling unpaid invoices to a third party that has remained largely unchanged and is hampered by back-office overhead and substantial risk. Invoice verification is a crucial aspect of factoring that has until now required tedious manual effort, risking costly errors and potential fraud. Kapwork combines automation, data-enrichment, and security to automate verification and deliver a new level of integrity and operational efficiency in the invoice-to-cash industry serving over $150B in assets under management according to Grandview Research.

Kapwork Verify makes it easy for Factors to scale their operations and speed up transactions. Portal Agents can be configured to retrieve all types of data from invoice to remittance details across 1000+ systems of record including Ariba and ISupplier. Records can run on demand or a specific schedule to ensure information is timely and accurate. Verify maintains secure access and control over vendor portals, authentication, and data visibility to safeguard sensitive information and meet compliance standards.

"Factors have helped businesses thrive by providing essential working capital, but today they're held back by manual processes and unnecessary risks. We built Kapwork to give factors the technological edge they deserve – not disrupt their relationships with small businesses, but to strengthen them," said Mauricio Vergara, CEO at Kapwork. "Our technology automates the most tedious parts of the process so factors can focus on what they do best: getting capital to businesses when they need it most."

"Kapwork has transformed our daily work routine," says Dean Rosenthal, CEO at TowerCap. "The invoice verification saves hours spent on manual checks, allowing us to focus on more important tasks."

Kapwork was cofounded by Mauricio Vergara and Chief Technology Officer Pete Thomas, who both understand firsthand how long payment terms and slow cash flow threaten small businesses. Vergara brings deep expertise in both entrepreneurship and technical leadership – from founding and operating a successful small business to driving developer ecosystem growth at industry giants Google and Unity Technologies. Over years spent scaling global developer programs and supporting app developers, he saw how payment friction impacts businesses at every stage of growth. Thomas has spent decades pioneering the application of new technologies to the business world. As co-founder of financial services C2FO, a unicorn that has accelerated over $100 billion in payments for business, he developed a new digital path to delivering on-demand working capital and championed a more inclusive financial system.

Kapwork also announced the appointment of Zachary Kuney as Strategic Advisor. As a Managing Director at Google, Kuney brings decades of experience scaling multi-billion dollar business and building high-performing global teams across the ad tech and retail sectors.

"There's a clear opportunity to radically improve how working capital flows to businesses,' says Kuney. "Traditional processes in this space are manual, opaque, and expensive, and transformation is long overdue. Kapwork's platform reduces backend costs for partners while adding much needed transparency to the ecosystem. I'm excited to help this talented team scale their operations and bring this solution to more customers."

Kapwork Verify is available today, with a free tier offering Factors up to 600 free credits per month to verify invoices. Qualified factors can integrate with portals and automatically verify records after completing a simple registration process.

Visit www.Kapwork.com to learn more.

About Kapwork

Kapwork is building a more equitable future where every business can access working capital to grow. Their first product, Kapwork Verify, uses an automated, data-enriched platform to accelerate the invoice to cash process and help Factors more easily deploy capital to small businesses. Kapwork was founded in 2024 and is based in Los Altos, California. Learn more at Kapwork.com.

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SOURCE Kapwork