Yes, Biller operates as a non-recourse factoring, taking full ownership of the accounts receivable generated on every purchase.

For the credit and fraud checks we use a mix of external data suppliers in combination with behavioral and geographic data of the buyer. Based on the various data points and we apply Machine Learning to give the buyer a fraud and credit score and we determine whether the customer is 1) eligible to purchase on invoice (fraud) and 2) up to what amount (credit).