Introducing Nuvo’s Vendor Network

We’re excited to introduce Nuvo’s Vendor Network, a fast, secure, and intelligent way for businesses to onboard vendors, verify data accuracy, automate compliance, and reduce fraud and supply chain risk.

Strong Vendor Relationships Are the Backbone of Modern Supply Chains

Physical goods that shape our daily lives, from food products to building materials, depend on businesses sourcing from a large and diverse set of vendors. Consider how housing gets built: contractors buy wooden panels from lumber wholesalers, tiles from flooring suppliers, and water pipes from plumbing equipment retailers. As they grow, they need more specialized products and more competitive prices, so they expand the number of vendors they purchase from.

Yet as businesses take on more vendors and transactions increasingly move online, fraud, compliance risk, and operational complexity compound at a pace that quickly surpasses what teams can manage.

Vendor Fraud Is a Hidden Tax on Global Commerce

Businesses that buy physical goods must independently verify their vendors and the payment information they provide. With no marketplace or card network to establish trust or absorb losses, any fraud that occurs directly impacts their bottom line.

Historically, companies have relied on fragmented, paper-based workflows to collect and validate vendor credentials, including bank details and tax compliance forms. These processes introduce human error, limit verification, and create blind spots that sophisticated fraudsters exploit. It is no surprise that 45 percent of organizations report vendor impersonation attempts and 50 percent experience ACH redirect fraud. When fraud succeeds, only 22 percent of victims recover more than 75 percent of their losses¹.

Yet the financial loss is only part of the story. Manual diligence slows transactions, constrains the number of vendors a business can safely onboard, and increases internal overhead. These inefficiencies cascade throughout the supply chain, ultimately adding billions of dollars in hidden costs that consumers pay in the price of everyday goods.

Nuvo’s Vendor Network Powers Trusted, Secure Vendor Relationships

Nuvo’s Vendor Network provides businesses with a secure, intelligent system to onboard vendors, validate credentials, and scale vendor relationships with speed and confidence. A vendor joins by creating a verified profile through a simple invite link. That profile includes:

Instant business verification: The identities of the business and its owners are validated against official government registries, and key attributes such as email domains and physical addresses are checked for authenticity. High quality vendor data then flows directly into ERPs and downstream systems.

Verified bank details: Instant and micro-deposit verification confirms that bank accounts exist and belong to the business claiming them. This eliminates the risk of ACH redirect fraud and vendor impersonation.

AI-powered tax compliance: W-9s and other tax documents are captured, validated, and resolved automatically so businesses stay fully compliant without additional manual effort.

Network driven risk signals: Vendor risk can be assessed and proactively reduced through fraud patterns observed across the Nuvo network, along with credit health and financial distress indicators from trusted third-party credit bureau partners.

Better Infrastructure Promotes Resilience, Optionality, and Growth

When businesses can securely expand and diversify their vendor base, they gain the ability to offer more specialized products at lower cost while avoiding single points of failure. A restaurant does not need to cut dishes because one supplier is out of stock. A manufacturer does not need to halt production or absorb price hikes from a sole parts vendor. They can simply shift to another verified supplier with confidence.

As fraud is removed from the arteries of the supply chain, goods move faster and more predictably, costs fall, and growth accelerates across the economy.

Nuvo already supports tens of thousands of verified vendors across its network. As more businesses join, the network becomes increasingly fast, secure, and valuable for every participant.

Get Involved

Interested in the Vendor Network? Request a demo.

Interested in building the infrastructure that powers trade in the physical goods economy? Join us.

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