For banks and lenders
VisiPay for lenders.
See where the money on a project is actually going.
VisiPay for banks and lenders
See how a lender follows the project while approvals, paperwork and money each move on their own timeline.
The problem
On a construction loan, the facts arrive separately.
The information, the approvals, the paperwork and the money move through separate processes, on different timelines. VisiPay connects each obligation to its approval, the payment, the lien waiver and the record.
Your view, in percentages.
Once the owner adds your bank, you follow the project read only. You see funded and paid as percentages of the locked contract value, with each line's percent complete and percent paid.
Under the hood
Money moves only against approved lines.
Every pay app is approved line by line before anything pays. Each payment generates its own lien waiver. A disputed line holds alone, and every step is written to a permanent, tamper-evident record.
Every pay app tied to proof.
Approvals, payees, lien waivers and the audit record sit on the same project, so each payment and its lien paperwork connect to the same transaction.
How the money moves
Patent-pending. This fund, lock and pay process is the method behind VisiPay's provisional patent.
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Fund.
The owner or lender sends money by ACH to our regulated payment partner's bank.
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Lock.
The money stays in that account until the work it pays for is approved. If a line is disputed, only that line's money is held, and the rest of the pay app keeps moving.
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Pay.
Once a line is approved, its payment goes by ACH from our regulated payment partner's bank to the contractor or sub. Each payment comes with its own lien waiver, and every step is written to the hash-chained record.
Any currency, any rail. VisiPay is built to be currency-agnostic and to work across traditional banking and DeFi (decentralized finance) rails, with the same approvals, waivers and record. Need a specific currency, rail or setup? We build custom solutions.
Audit-ready
Easy, fast, transparent audits.
The audit trail builds itself while the job runs, so nobody has to put together an audit file at closeout.
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Easy.
Every approval, payment and lien waiver is tied to the pay app line it covers, all in one record.
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Fast.
Each step is recorded as it happens: who approved it, what paid and when. Nothing has to be rebuilt or chased down later.
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Transparent.
A disputed line is held on its own, so the rest of the draw is easy to follow. You see the percent approved and paid on each line.
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Secured by a hash chain.
Each record entry is cryptographically linked to the one before it and stored on Amazon Web Services (AWS). Entries can be amended but never changed or deleted. A correction is added as a new entry, so the original and the fix both stay on the record.
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Funds stay with our regulated payment partner's bank.
Funds sit with our regulated payment partner's bank, and payments move by ACH to the payee once each line is approved. VisiPay records the approvals and payments.
Everyone gets paid at once. Approved lines pay the GC, subs and suppliers at the same time, straight from our regulated payment partner's bank. The GC never holds sub money.