VEND makes the asset legible.
Connect machine activity, payments and operating history to a persistent financial record.
Docs / PublicCredit infrastructure
for the machine economy.
VEND connects operator records, investor access and servicing workflows so lenders can assess machine credit and investors can follow repayments.Enter the docs
Public documentation · Product and infrastructure overviewPUBLIC EDITION
Why VEND
Machines produce cash flow continuously. Credit still sees fragments.
VEND makes productive assets legible to credit without replacing the institutions that own the credit decision.
Credit partners make the decision.
External partners set policy, structure terms, approve credit and provide capital.
VEND is not the lender, underwriting decision-maker, balance-sheet lender or fund manager.
Products
One operating record. Both sides of credit.
Operator helps businesses prepare for growth. Personal lets individuals earn interest by lending to real businesses. Institutional brings capital providers into review.
Run the business.
Prepare to grow.
Inspect machine activity, compare locations and identify the operating evidence still needed for a financing review.
- Location and 7- or 30-day activity views
- Record freshness and CSV exports
- Capital readiness and missing evidence
Earn interest.
From real businesses.
Explore Korea 13’s three laundries, choose an amount from $25 and review estimated interest after fees and scheduled repayments.
- 9.0% annual interest after fees
- 12 months; four quarterly principal repayments
- 10% fee on interest received; no principal fee
Review the credit.
Define participation.
Review product evidence, submit a non-binding participation application and follow its status in the workspace.
- Mandate and product review
- Participation application and status
- Eligibility, rights and terms for review
Korea 13 terms describe the current Personal product. Estimated interest falls as principal is repaid; these settings do not determine institutional facility terms. A participation application is separate from an allocation or executed financing.
The VEND layer
One operating and financial layer between machines and capital.
The systems and financing wrapper can vary. The VEND infrastructure remains persistent.
INPUTMachine systems
INPUTPayment systems
INPUTOperator systems
Unified operating + financial recordNormalized machine-level data · Financial profiles · Monitoring · Servicing
DECISIONCredit partners
PRINCIPALCapital providers
POTENTIAL CAPITAL WRAPPERSAlternative structures—not mandatory sequential phases.
Direct facility
SPV / notes
Fund
Tokenized structure
The financing wrapper can change. VEND does not.The wrapper follows the buyer.
Standardized data / credit layer
Different systems become the same reusable credit objects.
VEND standardizes published machine activity today. Processor settlements, bank receipts, operating costs and financial contracts are the next evidence to connect and reconcile.
Usage, uptime, activity and asset-condition context.
Financial activity, revenue and reconciliation evidence.
Broader borrower and location context.
NORMALIZATION RECONCILIATION STANDARDIZATION
01Machine identity
02Operator + location mapping
03Revenue history
04Payment + settlement activity
05Utilization + uptime
06Asset-condition signals
07Repayment status
08Servicing record
Underwriting support
Better evidence for the institution that owns the decision.
VEND provides the standardized evidence and workflow. The relevant credit partner defines policy and decides whether capital moves.
- Normalized machine + operator data
- Financial profiles
- Monitoring signals
- Servicing + reporting support
- Underwriting policy
- Advance rate + pricing
- Approval or rejection
- Credit decision + workout rights
Cash-flow test
Can stressed operating cash flow support debt service?
Asset test
What equipment value may be recoverable?
Operator test
Who operates the asset, and what does the operating history show?
Settlement test
How can payment visibility support servicing and repayment discipline?
VEND supports underwriting. It does not make the underwriting decision.
Continuous monitoring + servicing
The value does not stop at origination.
Traditional equipment finance periodically asks, “How did the borrower perform?” VEND continuously asks, “How is the financed asset performing now?”
01Machine + payment activity
02Normalized operating record
03Financial profile
04Monitoring signal
05Lender review
06Servicing action
Strong debt-service capacity and stable operating performance.
Adequate coverage and normal operating performance.
Coverage or operating trends require closer monitoring.
Credit-partner review may be required.
Signal thresholds and actions are calibrated with the relevant credit partner. Public documentation does not expose internal numerical working bands.
Operating proof
Distribution scale and live VEND data are different forms of evidence.
The CoinUp network provides an anchor distribution environment. The live VEND data layer shows what VEND has actually indexed and standardized today.
ANCHOR NETWORKCoinUp distribution context
Partner footprint780+
CoinUp locations
Network users500K+
Partner-network users
Monthly cycles1M+
Partner-machine activity
LIVE VEND DATA LAYERCurrent scanner source of truth
Connected assets123
Indexed asset nodes
Indexed records40,984
Current published activity index
Operating identities4,095
Indexed identities
Proof coverage100%
Records with transaction proof
LIVE PRODUCT / MACHINE FINANCIAL RECORDMachine activity is now readable as a 30-day financial and operating profile.
Inspect live machine records The product separates machine-use activity amounts from kiosk top-ups, then connects operating history to normalized fields and traceable evidence. Published amounts are USD-converted activity records; bank receipts and operating costs still need reconciliation.
Actual observed 30-day machine-use records, with comparison logic separated from the headline revenue total.
One compact 30-day view makes the productive machine readable without turning it into a retail investment product.
Source-native operating events become a consistent VEND machine financial record.
Transaction-linked references remain available as the verification layer behind the financial profile.
ECONOMIC CLASSIFICATIONMachine use = observed activity amountsKiosk = top-ups tracked separately
Partner-network figures are not VEND assets, revenue, assets under management or funded loans. Live VEND figures are loaded from the same current scanner index used by the POC.
Credit evidence / operating economics
Operating evidence should reveal both strength and constraint.
The public edition shows the decision logic while withholding store-level economics and working financing assumptions.
Observed Korea cases show meaningful modeled coverage under the current working structure.
Multiple Mongolia locations demonstrate performance beyond a single pilot asset.
Early Kazakhstan locations remain visible because not every asset should qualify on the same terms.
PRIVATE DETAIL WITHHELD
Store-level CAPEX, monthly cash flow, modeled debt service, DSCR bands and the detailed campus economics are available in qualified private diligence.
First real credit execution
Start with a small number of real facilities. Prove the full loop.
The proposed Korea program connects an operator request, Honors-led credit structuring and VEND records and servicing. Credit approval, agreed cash controls and signed terms determine execution.
Machine deployment · operator network · operating context
Data · financial profiles · monitoring · servicing
Credit structuring · underwriting · credit policy
Funding subject to approval and agreed structure
CURRENT WORKSTREAMAgree. Reconcile. Execute.
Establish the credit structure, controlled collections, service payer and reporting scope, then build an actual repayment record. Execution remains subject to approval and agreed terms.
Capital paths / origination pools
Capital scales only when both sides can scale.
Large deployment claims are not useful without qualified assets and validated buyer demand. Deployable capital is constrained by both.
DEPLOYABLE CAPITAL=MIN(
QUALIFIED ORIGINATION CAPACITY
,VALIDATED CAPITAL DEMAND
)Agree the borrower request, credit structure, collection controls and VEND service scope before execution.
Use reconciled repayments and accepted reporting to support the next allocation.
Combine locations when performance history, receivable control and concentration review support the transaction.
Adapt records and servicing to each machine category, with appropriate credit, ownership and collection arrangements.
Potential origination pools include new locations, repeat operators, university infrastructure, equipment replacement and overseas rollout. Capacity follows qualification and execution—not a top-down TAM.
Business model
Capital providers earn the credit return. VEND earns infrastructure revenue.
VEND monetizes the infrastructure around qualified machine credit without presenting unvalidated pricing as a universal commercial term.
Facility activation
A retained share of the closing fee for agreed onboarding, record preparation and servicing setup. The fee pool, VEND share, scope and contractual payer are agreed for each facility.
Ongoing servicing
Repayment tracking, cash reconciliation, exception follow-up and lender reporting. Revenue follows billable outstanding balances as principal is repaid, under the agreed service contract.
VEND REVENUE=
Facility activations × activation fee
+Average paid serviced balance × servicing fee
These fees describe the core credit-service business. Manufacturer leasing and paid data services extend the same operating foundation; each requires validated demand, an agreed service scope and its own commercial terms.
Leasing + Data
Start with laundromats. Extend across the machine's life.
Laundromat financing builds the operating record, credit file and servicing process. VEND's development direction is to reuse that foundation in manufacturer leasing and paid machine-data services.
Help machine makers offer financing.
Support manufacturers and distributors with usage records, credit-file preparation, servicing and equipment remarketing. Operators pay over an agreed term or according to usage; the manufacturer or a partner-funded vehicle owns the equipment.
Restaurant and service robots are a potential next application, using store cash flow, machine usage and labour savings in the credit file. Each program needs appropriate financing partners and agreed ownership, recovery and residual-value responsibilities.
Give every machine a financial identity.
Connect operating and repayment history into financial profiles, monitoring feeds and data licences for lenders, insurers, manufacturers and asset owners. The same records can support financing and ongoing decisions about the machine.
Develop paid services around a specific customer need. Data access, derived-data use and resale rights must be agreed with CoinUp and each relevant operator, with appropriate permissions or licensed partners where required.
Leasing and Data are development directions. Expansion follows customer demand, workable service economics and partner readiness. Each new machine category needs its own credit criteria and operating evidence.
Compounding / aligned economics
Make the next credit task easier to deliver.
Reconcile cash, maintain the credit record and reuse accepted evidence for the next financing. Measure report preparation time, exception resolution and first-versus-next integration cost.
01More financed machines
02More operating history
03Better data
04Richer operator profiles
05More useful monitoring
06More capital confidence
07More deployment
Operating historyMachine integrationsNormalized dataFinancing lifecycle dataServicing integrationDistribution
Product roadmap
A persistent layer from connected machines to scaled credit networks.
Prove the credit lifecycle on laundromats, then extend accepted records and servicing into manufacturer leasing and paid data services. Progress follows execution evidence and customer demand.
- 01AvailableOperating visibility
Operator activity, location comparisons, freshness checks, machine records and CSV exports.
- 02AvailableInvestor access
Personal product review and repayment schedules; Institutional participation applications and status.
- 03Evidence-gatedFirst credit execution
Agree the borrower request, credit responsibilities, cash controls and VEND service contract. Reconcile operating records with settlement and bank evidence.
- 04Evidence-gatedRepeat financing
Use actual repayments and paid servicing to support follow-on capital and make the next integration easier to deliver.
- 05Development directionManufacturer leasing
Extend the same records and servicing into manufacturer programs, starting with a partner-backed machine category and a defined customer need.
- 06Development directionPaid data services
Develop monitoring feeds, financial profiles and data licences around validated customer needs and agreed data-use rights.
VEND becomes the persistent data, monitoring and servicing layer connecting machine operators to credit partners and capital.