Portfolio Overview

3 active loans across Latin America and India. All positions performing. Next distribution: April 1, 2026.

Total Deployed
$9.7M
across 3 borrowers, 3 countries
Weighted Avg Yield
13.3%
gross, before platform fee
Net Yield to You
11.3%
after 200bps servicing fee
Income YTD
$323,600
3 distributions received
Portfolio Health
100%
0 breaches, 0 watchlist
Active Positions
BorrowerGeographyPrincipalRateNet YieldVault FloorMaturityCovenant Status
NovaPay
B2B payments SaaS · $8.2M ARR · Stripe
Brazil 🇧🇷 $4,000,000 12.5% 10.5% 70% Nov 2027 Compliant
CloudMetrics
Analytics SaaS · $5.8M ARR · Stripe
Colombia 🇨🇴 $3,200,000 13.5% 11.5% 80% Jan 2028 Compliant
Mercado Flow
E-commerce platform · $9.1M rev · Stripe
Mexico 🇲🇽 $2,500,000 14.5% 12.5% 80% Mar 2028 Compliant
Monitoring Feed
All Clear
NovaPay — Stripe MRR check: $685K vs $520K floor. Compliant.
Mar 20, 2026 · Stripe Connect API
CloudMetrics — NRR check: 118% vs 100% minimum. Compliant.
Mar 19, 2026 · Stripe Connect API
Mercado Flow — Revenue sweep: $18,125 auto-deposited to vault via Stripe Connect.
Mar 20, 2026 · Smart contract
NovaPay — Vault floor unlocked: 80% → 70%. 6-month track record verified.
Mar 18, 2026 · Covenant engine
CloudMetrics — Monthly churn check: 2.1% vs 5.0% ceiling. Compliant.
Mar 17, 2026 · Stripe Connect API
Income Received
DateBorrowerAmount
Mar 1NovaPay$41,667
Mar 1CloudMetrics$36,000
Mar 1Mercado Flow$30,208
Feb 1NovaPay$41,667
Feb 1CloudMetrics$36,000
Feb 1Mercado Flow$30,208
Jan 1NovaPay$41,667
Jan 1CloudMetrics$36,000
Jan 1Mercado Flow$30,208
Total Q1 2026: $323,625

Deal Pipeline

Cross-border opportunities sourced by Even Keel. All borrowers process revenue through Stripe, Chargebee, or Adyen.

In Pipeline
7
across 4 countries
Under Review
3
awaiting your decision
Pipeline Value
$26.3M
aggregate principal
Avg Gross Yield
13.1%
weighted average
Under Review (3)
DataForge
India 🇮🇳 · DevOps SaaS · $11M ARR · Chargebee
$3,500,000 · 12.0%
PayLink
Brazil 🇧🇷 · Fintech SaaS · $6.5M ARR · Stripe
$2,800,000 · 13.0%
Cartão Digital
Mexico 🇲🇽 · Payments platform · $4.2M ARR · Adyen
$2,000,000 · 14.5%
Due Diligence (2)
TechServ
Colombia 🇨🇴 · HR SaaS · $7.8M ARR · Stripe Atlas
$4,000,000 · 13.0%
Stripe data connected — 14 months history verified
BharaTech
India 🇮🇳 · Logistics SaaS · $9.2M ARR · Chargebee
$3,000,000 · 11.5%
Chargebee + Plaid connected — subscription metrics under review
Term Sheet / Closing (2)
Pagos Rápidos
Brazil 🇧🇷 · E-commerce SaaS · $12M ARR · Stripe
$5,000,000 · 14.0%
Term sheet signed — vault funding April 10
FluxPay
Mexico 🇲🇽 · Payments fintech · $5.5M ARR · Stripe
$2,500,000 · 13.5%
Smart contract deployed — Bridge conversion in progress
← Back to Portfolio
NovaPay
Brazil 🇧🇷 · B2B payments SaaS · $8.2M ARR · Revenue via Stripe Connect
All Covenants Compliant
Principal Outstanding
$3,680,000
Gross Rate
12.5%
Net Yield to You
10.5%
Vault Floor
70%
Max Drawable
30% · $1.2M
Maturity
Nov 15, 2027
Enforcement
Stripe Connect revenue sweep (Delaware law)
Monthly Income
$41,667
Sweep-to-Freeze Speed
< 60 seconds
Progressive Vault Floor
Month 8 — Floor at 70%
Months 0–6
80% locked
✓ Completed
Months 6–12
70% locked
← Current
Months 12–18
60% locked
Requires NRR >100%
Months 18–24
50% locked
Full trust earned
Locked (LP protected) — $2,800,000 Drawable (borrower working capital) — $1,200,000
Live Covenant Monitoring
All Clear
Monthly Recurring Revenue
$685K actual$520K floor
Net Revenue Retention
118% actual100% minimum
Monthly Churn Rate
2.1% actual5.0% ceiling
Vault Balance Floor
$3.12M balance$2.8M floor (70%)
Revenue Intercept Controls
Stripe Sweep Rate15% of daily processed revenue
Daily Velocity Limit25% of drawable balance per 24hr
Vault Balance Floor$2,800,000 (70% of allocation)
Last Enforcement EventNone
Connected Data Sources
Stripe ConnectEvery 6hr · Last: 1hr ago
Banking (Plaid)Every 12hr · Last: 4hr ago
Accounting (Xero)Every 24hr · Last: 8hr ago
Monitoring History
MRR check passed: $685K vs $520K floor
Mar 20, 2026 · Stripe Connect API
NRR check passed: 118% vs 100% minimum
Mar 19, 2026 · Stripe Connect API
Progressive floor unlocked: 80% → 70%. Borrower drawable capacity increased to $1.2M.
Mar 18, 2026 · Covenant engine
Revenue sweep processed: $41,667 distributed to investor via Bridge
Mar 1, 2026 · Smart contract → Bridge → USD
Vault balance check: $3.12M vs $2.8M floor — Compliant
Feb 28, 2026 · On-chain monitoring

Portfolio Analytics

Performance metrics, yield tracking, and risk analysis across your Even Keel cross-border credit portfolio.

Key Metrics
Avg Vault Floor
77%
Avg NRR
114%
Avg Loan Size
$3.23M
Default Rate
0.0%
Countries
3
BR, CO, MX

Risk Summary

0

covenant breaches since inception

ENFORCEMENT READINESS
Avg sweep-to-freeze: < 60 sec
Revenue intercept active: 3/3 loans
Data sources connected: 9/9 feeds
Quarterly Net Income
+58% QoQ
$400K $300K $200K $100K $0 Q3 '25 $192K Q4 '25 $258K Q1 '26 $324K Q2 '26 $385K*
* Q2 projected based on current portfolio + Pagos Rápidos closing
Portfolio Allocation
GeographyDeployed% of PortfolioWtd Avg YieldStatus
Brazil 🇧🇷$4,000,00041%12.5%Performing
Colombia 🇨🇴$3,200,00033%13.5%Performing
Mexico 🇲🇽$2,500,00026%14.5%Performing
India 🇮🇳$00%Pipeline
Detection Speed vs. Industry
Cross-border standard (quarterly reports + audit)
60–120 days
Even Keel — Stripe Connect Real-Time
6–24 hours