SHIFT

Internet Data

1000X

Programmable Value

MARKET

33M

Small Businesses

Frozen Capital

✕

$25T

Receivables

Stuck

✕

$1.6T

Private Credit

Idle

Markets Exist

Pipes Don't

LOCKED

Locked

$2T

QuickBooks

SMBs

Locked

$2T

NetSuite

Mid-market

Locked

$500B

Walmart EDI

100K+ suppliers

Locked

$100B

Flexport

Logistics

Locked

$1T

Oracle

Enterprise

Locked

$15T

SAP

425K enterprises

OPPORTUNITY

$22T

Agents scale infinitely

Reach millions of SMBs at zero marginal cost

ERPs are now connected

The data was always there. Now we can read it.

AI generates

1M invoices in 36 seconds.

86%

$22.3T

Now Unlocked

14%

$3.5T

Previously Accessible

BUILDER

Companies

20 Years of Building

Evolution

Mint

CEO & Founder

Liquidity rails for modern capital

V3 | 2024

Tokenizing into liquid assets

ERI

CEO & Founder

Exit to ERI. Largest cybersecurity company in the U.S.

V2 | 2015

Extracted invoices from ERPs

Overstock

CEO & Founder

Sold to Overstock (NASDAQ)

V1 | 2004

Connected commerce via APIs

Our vision is to

Maximize Human Freedom

TEAM

M. Murphy

Founder & CEO

Serial Exit Builder AI & Blockchain Acquisitions: OSTK, ERI

Ken Hoang

Systems & ML Architect

Oracle NetSuite VP Product ML Pipelines Enterprise Data

Secil Baysal

Chief Operating Officer

Capital One Leadership FastPay Leadership Scaled to IPO

$20B

Enterprise Value Created

5

Major Exits

$500B

Transaction Volume

85+

Years Combined Experience

SOLUTION

Real-time underwriting, risk scoring, and settlement in one pass.

Receivables

Raw Enterprise Invoices

Ingestion

→

MINT

Validation & Structuring

Issuance

→

Liquid Capital

Institutional Note

33M Small Businesses

$25T Receivables

$1.6T Private Credit

ENGINE

Underwriting at machine speed.

Receivables

→→→→ →→→→

MINT

1000X

1M

invoices 36s

340K

patterns mapped

98.7%

collection rate

→→→→ →→→→

∞

Capital

PROGRAMMABLE

01 ERP

Invoice Exists

Confirmed in SAP

02 ERP

PO Match

PO-2024-88421

03 ERP

Goods Receipt

GR-445231

04 ERP

Amount Valid

Within tolerance

05 EXPLICIT

Retailer Selects

12/18 14:32 ET

06 HASH

Duplicate Check

Unique (SHA-256)

Invoice

INV-2024-78234

13/13 VERIFIED

Obligor (Retailer)

Target Corp

Credit Rating: A

Supplier

Supplier #4421

Anonymized

Description	Qty	Amount
Consumer Electronics	500	$22,500.00
Accessories	200	$4,950.00

Total Due $27,450.00

Issue Date

Dec 15, 2024

Due Date

Jan 29, 2025

Terms

Net 45

PO Reference

PO-2024-88421

07 GRAPH

Historical Analysis

5yr relationship

08 API

Third-Party Data

D&B verified

09 API

KYC/AML

Sanctions clear

10 API

Bank Validation

Account verified

11 API

Entity Verification

Active, good standing

12 AI

Underwriting

Approved 85%

13 LEARN

Outcome Tracking

Feeds model

13

Verification Checkpoints

100%

Pass Rate Required

AA/A

Obligor Credit Quality

<0.5%

Default Rate

ENGINE

ORIGIN

Retailer

Treasury Home

Coming Q2

HOLDER

Supplier

Funding Portal

Coming Q2

MINT

Verification

13 Checkpoints · 1M / 36s