Combating Backdooring in Business Funding Industry
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  1. #1

    Combating Backdooring in Business Funding Industry

    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  2. #2
    lol, watermarking statements aren't going to stop someone from funding the deal

  3. #3
    Quote Originally Posted by gun View Post
    lol, watermarking statements aren't going to stop someone from funding the deal
    I agree, it does not stop theft, it deters it.
    I added some more context below.
    Last edited by Aquamark; 05-29-2025 at 05:51 PM.
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  4. #4
    Quote Originally Posted by Aquamark View Post
    Yes, it does. It also prevents packages from being sold. Happy to hop on a call to discuss further if you're running an ISO shop. Enjoy your Monday.
    Can it restrict documents being opened outside of a fixed IP or domain etc?
    Symplifi Capital- NYC

    Up to 14points max upsell & $5M max funding

    Sign up today!

    E: [email protected]
    T: 917. 426. 9998

    370 Lexington Avenue, Suite 1002
    New York, NY 10017

  5. #5
    Quote Originally Posted by JT@Symplifi View Post
    Can it restrict documents being opened outside of a fixed IP or domain etc?
    Good question.

    That feature doesn’t currently exist — mainly because most brokers are submitting files to multiple lenders, each with their own IPs or domains.

    Restricting access to a fixed IP or domain sounds good in theory, but in practice, it would break the workflow.

    Instead, Aquamark focuses on visible, tamper-resistant watermarking that travels with the file and deters theft without disrupting how or where deals get submitted.

    I hope that helps.
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  6. #6
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    Id imagine these dudes committing felonies to get deals will not be stopped by a watermark.

  7. #7
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    Quote Originally Posted by diditevenfund View Post
    Id imagine these dudes committing felonies to get deals will not be stopped by a watermark.
    So your saying felons committing felonies are not going to be deterred by a watermark.....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank

  8. #8
    I can watermark documents in Adobe Acrobat, which I can buy a license for off of ebay for $6. What does Aquamark bring to the table that would justify an ongoing cost?

  9. #9
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    FYI: Adobe Acrobat for $6 is probably a stolen/pirated license, even if they say it's for an older version. However, you can get a lifetime license with Firefox for $129.

  10. #10
    Quote Originally Posted by abfunders View Post
    FYI: Adobe Acrobat for $6 is probably a stolen/pirated license, even if they say it's for an older version. However, you can get a lifetime license with Firefox for $129.
    I'm sure it is so let's use your lifetime license for $129 as a baseline vs the $6 pirated version. Still begs the question what the value proposition is for Aquamark as a product.

  11. #11
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    Quote Originally Posted by etci View Post
    I can watermark documents in Adobe Acrobat, which I can buy a license for off of ebay for $6. What does Aquamark bring to the table that would justify an ongoing cost?
    Also would like to hear the answer to this. Not about the cost, just what does the service provide that adds value on top of Adobe?
    Last edited by brandon_; 04-30-2025 at 05:48 PM.

  12. #12
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    i am waiting on the same answer as well

  13. #13
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    Quote Originally Posted by Oxforddan View Post
    i am waiting on the same answer as well
    Got watermarked banks today! This must be picking up. ISO who subbed it wasn't the 1 watermarked. This won't slow anything down.

  14. #14
    By tagging each file, Aquamark gives users visibility, making it clear which brokers and lenders had access, and when.

    Will watermarking stop deal theft, backdooring, and bad actors? No.

    Do security systems stop every home invasion? Also no.

    But they deter the behavior and more importantly, it will draw a clear line between those operating transparently and those who aren’t.
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  15. #15
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    Quote Originally Posted by Aquamark View Post
    By tagging each file, Aquamark gives users visibility, making it clear which brokers and lenders had access, and when.

    Will watermarking stop deal theft, backdooring, and bad actors? No.

    Do security systems stop every home invasion? Also no.

    But they deter the behavior and more importantly, it will draw a clear line between those operating transparently and those who aren’t.
    Can you answer the previous questions? What type of value does this offer above and beyond using a service like Adobe?

  16. #16
    Aquamark ROI

    Average deal size = $35,000
    Average points = 10
    Average margin per deal = $3,500
    Aquamark cost = $250 per month

    Saving just one deal pays for the entire ~year.
    Last edited by Aquamark; 05-29-2025 at 05:45 PM.
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  17. #17
    Quote Originally Posted by brandon_ View Post
    Can you answer the previous questions? What type of value does this offer above and beyond using a service like Adobe?
    Thank you for the question — it's a valid one.

    From what I understand, Adobe requires users to manually apply watermarks, which can be time-consuming for high-volume workflows. Aquamark is built specifically for automation and traceability. Through our portal, users can drag and drop multiple PDFs at once, and our open API allows for seamless integration with CRMs or internal tools.

    More importantly, Aquamark provides visibility — making it easy to track which brokers and lenders accessed each file, and when. That level of transparency isn’t something Adobe offers out of the box.
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  18. #18
    Quote Originally Posted by Mhelman View Post
    Got watermarked banks today! This must be picking up. ISO who subbed it wasn't the 1 watermarked. This won't slow anything down.
    Are you a funder? How do you intend to handle that situation out of curiosity?
    Aquamark
    MCA's trusted source for watermarking
    https://www.aquamark.io/



  19. #19
    Question, If I use your product will the lender mark the bank statements for Fraud? This technically counts as an altered statement. Please advise

  20. #20
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    Quote Originally Posted by Aquamark View Post
    Are you a funder? How do you intend to handle that situation out of curiosity?
    Yes, my job is to fund my isos deal. As long as they don't do anything to harm my business who am I to turn away from them? In a few months you'll be irrelevant for isos funding b-d paper. Isos whose gross volume is A paper will benefit from this since a paper funders have more barriers to entry and submission.

  21. #21

    Hey ! Saw the article recently with fundkite. We built a way to add the FUNDER NAME to the submission. Now, if they backdoor the deal we know WHICH funder leaked it.

    We put out the open source code. The first link is to GITHUB, with a log in you can get the code to build yourself - the 2nd link is a ready to use API.

    For more info email our Tech guy MAHI at

    [email protected]


    P.s. this my original Account - company name Pathway Catalyst

    Hope this is able to help brokers out there. No way to eliminate backdooring unless we work together.

    All the best,
    Tom




    https://github.com/users/Pathway-Cat...thway-catalyst

    This is a repository*where the docker image is stored - using this they can build their own. The user needs to log in to get the information because of how the data is stored*
    BUT
    Below is the direct API where they can test it right away. You can Also USE THE API directly. We are not storing the data. You can use the api or build yourself.
    please visit*the*link*above and follow the instructions, Thank you
    -------------------------For demo--------------------------------------Login to the email address below and check the watermarked pdf. A *copy_798001BA-5879-4730-AA55-215417EDC55B.movttaching a video demo tooemail address* -**[email protected] - Mahi123!https://watermark-pathway-latest.onrender.com/ We added a sample excel sheet above , please attach it to the lender emails upload field.Powered by Pathway Catalyst

  22. #22
    Love it

  23. #23
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    A fintech tool run by a failed broker.

    Steven baron the angel is a scammer.

    I wouldn't put it past aquamark if they re sold packages themselves.

  24. #24
    Senior Member Reputation points: 41275 fundinggrasshopper's Avatar
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    Watermarking statements IMO is one big racket where the broker and the funder have to both sign on to the idea of only running deals with the correct watermark and as a broker you are basically saying I will no longer buy packages anymore. Just to make the watermarking company some money and give you as the broker or lender some fake moral justification.

    Doesnt really make much sense as if my packages come with no watermarks on the statements than makes the whole process somewhat redundant. There's probably a bunch of programmers somewhere working for package resellers right now figuring out how to just take the watermarks off and remove the data in the document that shows who the "correct" broker is.

    And Mhelman is correct , since this is a racket, that both the broker and the funder must both sign on to before it has a chance of being effective, the higher risk funders & brokers simply just will not sign on to the whole idea of it. Brokers that focus on A Paper volume and A-B paper lenders may benefit in some ways from signing on to this watermarking thing but isn't it true that there is much less active backdooring when dealing with the best lenders ?

    Even A-B paper lenders notorious for backdooring or having multiple Isos on the same offer -- If there is so much competition on their offers that it benefits them to give the same 1M offer to 5 brokers, How on earth would it benefit them to implement these watermarking policies like fundkite did?

  25. #25
    Senior Member Reputation points: 41275 fundinggrasshopper's Avatar
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    Quote Originally Posted by Aquamark View Post
    More importantly, Aquamark provides visibility — making it easy to track which brokers and lenders accessed each file, and when. That level of transparency isn’t something Adobe offers out of the box.
    Would be very interested to learn more about how it can track who accesses each file and when. How does it track this? By email? By IP address, or MAC address? How does it then take that data to say on the user end, hey, this guy at this company I did not provide the document to, is accessing the document.

    Seems a bit wishful

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