A governed marketplace for Nigerian non-performing loans.
Banks and originators list distressed portfolios. Approved institutional buyers run diligence under NDA, bid, and settle bank to bank. Every step is scoped to a role, recorded, and reversible only by a superseding record.
Each side of the trade gets its own portal.
Role isolation is enforced in the product, not just in the interface. A portal serves one role and refuses every other, so an issuer cannot reach a buyer position and neither can reach another institution data.
Issuers
List a portfolio, control what is visible before and after NDA, run the bid window, and confirm the counterparty before any money is requested.
Sign inBuyers
Screen teasers, accept the NDA to reach loan-level diligence, bid or negotiate, and settle directly with the issuer once an award is confirmed.
Sign inPlatform operations
Approve institutions, review KYC decisions, verify settlement evidence under dual control, and read the audit record behind every state change.
Sign inFive steps, each one gated.
Onboard the institution
Organisations apply, submit evidence for their category, and pass KYC before anyone can list, bid or open a data room. Approval is per institution, not per person.
List the portfolio
The issuer publishes a teaser: asset class, size, vintage, recovery profile. Loan-level data stays sealed, and publishing locks composition for the bid window.
Diligence behind an NDA
An eligible buyer accepts the versioned NDA and only then reaches loan-level extracts and the data room. Diligence data is never indexed or sent in a notification.
Bid, negotiate, award
Fixed-price bids with per-bidder negotiation threads. Bid windows close on a bounded deadline, and an award produces exactly one winner.
Settle bank to bank
Vellx issues a payment reference. The buyer pays the issuer directly. Both sides upload evidence and an administrator verifies it before the trade closes.
Every listing closes on a deadline
Bid windows run between 3 and 45 days, 21 by default. Once a bid meets guidance the issuer has five days to confirm the close. Nothing stays open indefinitely.
One award, one winner
A single winner is enforced at award, not left to convention, and the remaining negotiation threads close with it.
Composition is locked at publish
The portfolio you bid on is the one that was published. A material change is a new version, never an edit to the one in front of you.
Settlement is evidenced on both sides
Vellx issues the payment reference; buyer and issuer each upload evidence and an administrator verifies it. An open dispute freezes completion.
The boundaries are the product.
A marketplace for distressed debt earns trust by what it refuses to touch. Each of these is a constraint in the system, not a promise in a brochure.
No wallets. No stored value.
Settlement is bank to bank, off platform. Vellx issues a payment reference and reconciles the evidence both sides upload.
Your principal never sits in our custody.
No self-service sign-up.
Every participant is an onboarded institution that has passed KYC, and no part of the product faces a borrower.
You only ever face another approved institution.
No shared view by default.
Every request carries its tenant. Cross-institution reads are refused, and a denial explains the reason and the remedy rather than returning a bare error.
Your book is invisible to everyone but you.
No silent edits.
KYC decisions, NDA acceptances, bids and settlement references are appended, never rewritten. A correction is a new record linked to the one it supersedes.
What happened stays provable afterwards.
Sign in, or ask for an invitation.
Accounts are created for you when your institution is approved. Vellx will never ask for your credentials outside your own portal, and never by email.
Institutions interested in the pilot can request onboarding. Approval requires KYC and a signed participation agreement. Vellx is operated by Velltant Limited.
Request pilot access