Every load verified. Every payment protected.
Veraloop by Agave Networks holds the buyer's money with a licensed escrow partner and releases it in stages, only when cameras and AI confirm each step. Proof before payment, for scrap metal.
Chat on WhatsAppThe problem
Paying a new supplier upfront is a gamble.
Buyers can't check the supplier or the metal before paying. Suppliers can't check the buyer can pay. So they travel, pay upfront, or don't trade.
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$2.5 trillion: the global trade finance gap, about 10% of world trade.
Source: ADB, 2025.
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41% of small firms' trade finance requests are rejected.
Source: ADB, 2025.
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Site visits are not proof: Indian importers paid after seeing warehouses in Kenya, and nothing shipped.
Source: High Commission of India, Nairobi, 2026.
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Over $3 million of scrap shipped to a fake buyer and never paid.
Source: ISRI (now ReMA), 2020.
The fix
Proof before payment.
Veraloop holds the buyer's money with a licensed escrow partner. It is released in stages, only when cameras and AI confirm each step.
Alibaba Trade Assurance, built for scrap metal.
See how your money is protected-
Cameras record the yard and the loading
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AI checks metal type, grade and contamination
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A licensed escrow partner holds the money
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Money released only on proof
Six steps
Money moves only when each step is confirmed.
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Matched
Buyer and verified supplier agree a contract: material, grade, tonnes, USD per tonne, dates.
No money moved
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Funded
The buyer pays in. The licensed escrow partner holds the money. Nothing goes to the supplier yet.
Held in escrow
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Yard check
Material is photographed at the yard. AI checks type, grade and contamination against the contract.
Still held
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Loading recorded
4G cameras record loading into the container. Every clip is linked to the shipment.
Released on loading
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Shipped
The bill of lading is issued. Shipping documents are checked against the contract.
Released on documents
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Delivered
The container arrives. The buyer confirms against the evidence pack.
Released on delivery
If the supplier misses contracted dates, any money still held goes back to the buyer. The exact stages are set in your contract.
Get early accessWho it is for
Built for both sides of the deal.
For buyers
- Buy from new suppliers without paying blind.
- Money held by a licensed escrow partner until each step is confirmed.
- Photos, grading report and loading clips before the container ships.
- If the supplier misses contracted dates, any money still held comes back to you.
For suppliers
- Proof the buyer's money exists before you load.
- Staged payouts, released only when each step is confirmed.
- Access to export buyers who have already paid in.
- A verified supplier badge you can use to win new buyers.
Which one are you?
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Trading companies
This is you if you buy scrap for mills and want new supply without the upfront risk.
For trading companies -
Mills and foundries
This is you if you melt the metal and want proof of what is in the container before it ships.
For mills and foundries -
Scrap yards and recyclers
This is you if you sell scrap and want export buyers who have already paid in.
For scrap yards and recyclers
Proof
Built in real yards, not in a lab.
The cameras and the AI were tested at working UK scrap yards, on real loads. The founders have traded scrap metal themselves.
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Tested in real UK scrap yards
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Backed by Innovate UK
Next steps
What happens next.
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Tell us about your trade
Two minutes. Your role, materials, monthly tonnes and country.
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We contact you within 2 working days
A real person, on WhatsApp or email, whichever you choose.
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Your first deal, run with our team
We set up the escrow, the checks and the cameras with you, step by step.
Questions
Common questions.
Who holds the money?
A licensed escrow partner holds the buyer's money. Veraloop never holds it. It is released in stages, only when each step is confirmed.
When does the supplier get paid?
In stages, as each step is confirmed: on recorded loading, on shipping documents and on delivery. The exact stages are set in your contract.
What if the supplier never ships?
If the supplier misses the contracted dates, any money still held goes back to the buyer.
What if the grade is wrong?
Every grade is checked against the contract before money is released. If there is a dispute after delivery, it is handled under the dispute terms in your contract.
What do I need as a supplier?
A phone, a 4G camera at loading (we help you set it up) and export-grade material ready to ship.
Which materials and markets do you cover?
Steel scrap first, such as HMS 1&2. UK yards selling to buyers in India and other markets. More materials and routes follow.
Is Veraloop live now?
Early access is open. Your first deal is run with our team. Tell us about your trade and we contact you within 2 working days.
What does it cost?
Early access is free. When you trade, Veraloop charges a small fee per completed deal. We will confirm the exact fee before you sign any contract. No hidden charges.