Unloq Tackles Trade Finance Fraud with MonetaGo Secure Financing Integration

Unloq is integrating MonetaGo’s Secure Financing technology into its global supply chain finance workflows to combat the persistent threat of double-financing fraud. By embedding cross-institutional validation directly into the decision-making process, Unloq can verify receivables against a global registry, ensuring capital is deployed with greater confidence across fragmented international markets.

What was announced

Unloq, a global provider of financing and technology for international supply chains, has entered into an ongoing collaboration with MonetaGo to strengthen its internal fraud controls. The partnership centers on the integration of MonetaGo’s Secure Financing technology into Unloq’s existing trade and supply chain finance workflows. This allows the company to screen receivables for potential fraud before any funds are advanced to suppliers.

The technical implementation involves creating a unique digital fingerprint of trade documents. This fingerprint is then checked against MonetaGo’s fraud prevention registry to identify potential matches across the industry. Because trade finance activity is often fragmented across separate systems and financial institutions, it is traditionally difficult to determine if a specific receivable has already been financed by another party. The Secure Financing technology provides Unloq with a cross-institutional validation layer that preserves the confidentiality of the underlying transaction data while alerting the firm to prior financing attempts.

The validation is embedded directly into the financing process, meaning receivables are screened as part of the standard review that occurs before a final financing decision is made. If a potential match is found, it is flagged for examination through Unloq’s existing risk management processes. This approach allows Unloq to apply consistent fraud controls as it scales its operations across different geographies without the need for additional manual steps or separate workflows.

The most significant DIRECT QUOTE from the source

"Trade finance can only scale when participants have confidence in the assets being financed. By embedding MonetaGo’s Secure Financing into our workflows, we are adding a cross-market validation layer at the point where financing decisions are made. This strengthens how we manage risk as we expand our financing capabilities and connect more participants across global supply chains."

Martina Song, Director of Strategy at Unloq.

The companies involved

Unloq is a global provider of financing and technology solutions designed for international supply chains. Operating via its platform at http://www.unloq.io, the company focuses on building technology infrastructure that connects buyers, suppliers, and financial institutions across various markets. Its core strategy involves combining deep trade finance expertise with scalable, secure technology to manage the risks associated with global trade assets.

MonetaGo is a specialist in fraud prevention infrastructure for the trade finance sector. The company, which can be found at https://www.monetago.com/, provides the Secure Financing technology used by a growing number of financial institutions and technology platforms to prevent duplicate financing. MonetaGo has established itself as a significant player in the digital trade landscape, often working with national authorities and major banking institutions to implement registry-based fraud controls. The firm’s leadership includes Neil Shonhard, who serves as President at MonetaGo. The company’s technology is designed to facilitate the growth of digital trade by providing broader assurance than checks limited to a single organisation's internal records.

What FF News has reported before

FF News has followed MonetaGo’s expansion into various national markets as it builds out its fraud prevention network. In late 2025, the publication covered how Bahrain FinTech Bay and MonetaGo Forge Strategic Partnership to Launch National Trade Finance Registry, a move that was followed by reports on how Bahrain and Singapore Lead the Future of Digital Public Infrastructure. MonetaGo has also seen significant traction in the Indian market, as detailed in SIDBI and MonetaGo Partner to Strengthen MSME Financing with Fraud Prevention Infrastructure and the subsequent report that SIDBI Goes Live with MonetaGo Secure Financing to Bolster MSME Lending in India in August 2026.

What this means

This integration highlights a critical shift in the trade finance sector: the move from siloed risk management to shared, cross-institutional infrastructure. Double-financing remains one of the most significant hurdles to narrowing the global trade finance gap, and traditional manual checks are no longer sufficient as transaction volumes grow. By making validation part of the transaction workflow rather than a post-facto audit, Unloq is addressing the "confidence gap" that often prevents capital from reaching smaller suppliers. The industry now faces a broader question of interoperability; as more platforms adopt digital fingerprinting, the pressure will mount on legacy lenders to join these shared registries or risk becoming the preferred targets for fraudulent actors.