Frank / JPMorgan · M&A · USA
User base fabricated
$175M
4.4M users claimed. 300K real. The IB team accepted a management-submitted list. No primary verification.
Frank Test™ catches this in 2 hours
The Bloomberg Terminal for Financial & Business Decision Intelligence · Autonomous AI OS
Verified due diligence and financial intelligence in 5 days — from source data, not PDFs.
Agentic AI replaces the analyst and associate execution layer — financial reconstruction, AI voice expert interviews (100+ per mandate, MNPI-logged), legal risk pricing, fraud detection, IC memo assembly — across due diligence, credit, and portfolio monitoring. ERP + bank verification replaces the PDF data room. Every number in your IC memo has a verified source. No exceptions. In 5 days.
Built for
- Private Equity
- Investment Banks
- M&A Advisory
- Hedge Funds
- SPAC Sponsors
- Pre-IPO Companies
- Banks & Credit Teams
- Corporate CFOs
- Family Offices
- Venture Capital
- 5-day delivery
- $75K pilot
- L0 source trace
- SOC 2 Type II guidelines
- You keep the output
- Frank Test™ exclusive
- SPAC & Pre-IPO — only platform
- MNPI-safe voice interviews
01 · Prompt
Ask Delligen
Scope · Atlas (2024 audit)L0 verified
| Big 4 QoE | Delligen | |
|---|---|---|
| Timeline | 6–8 weeks | 5 days |
| Cost | $500K–$1M | $75K–$250K |
| Source | PDF-based | ERP + bank API |
| Verification | Sampled | Full transaction trace |
| Inputs | Management submissions | Primary source data |
- SOC 2 Type II guidelines
- 40 live API connectors
- AES-256 · Tenant isolation
- AI Voice · MNPI detection · compliance logged
- UUID + timestamp · every number
- ISO 27001 — Q3 2026
The Problem
Every due diligence, credit, and financial decision depends on numbers nobody verifies at source.
Management submits revenue, users, and cash.
Advisors format it.
Investors rely on it.
Nobody verifies the source.
Wirecard · PE & Public · Germany
Cash that never existed
€1.9B
Bank balances fabricated for seven years. EY signed off. Never contacted banks directly — PDF confirmation only.
ERP + Bank API catches this day one
Aspiration / Ballmer · SPAC · USA
Statements fabricated
$300M+
Bank statements made by a graphic designer. Steve Ballmer invested. SPAC collapsed when financials were checked.
Bank API reconciliation catches first run
✦ Exclusive globally
Frank Test™
6-signal user-base verification. App store vs claimed MAU, payment data, email entropy, domain activity. No competitor has this workstream.
✦ Only platform globally
SPAC · Pre-IPO · SEC S-1/S-4
SPAC promote analysis, De-SPAC target verification, SEC S-1/S-4 readiness, SEBI DRHP, NYSE/NASDAQ scorecard. No other platform covers this.
✦ No IB AI platform has this
AI Voice · MNPI-Safe
100+ expert interviews per deal in hours. Real-time MNPI detection. Compliance logs. 10b-5 defence artifacts. No IB workflow AI platform has this.
These are not outliers. They are the predictable cost of due diligence built on trust, not verification. Every platform reads what management prepared. Delligen connects to the ERP, bank API, and user database those documents were built from.
How It Works
Delligen connects to source systems and rebuilds financial truth.
Three moves replace six weeks of reconciliation, ratio rebuilding, and report formatting.
01 · Connect
All data from primary source
ERP systems, bank feeds, SEC EDGAR, MCA21 — raw primary data without management intermediaries. No PDFs accepted. No data room required.
ERPBank APIsSEC EDGARMCA21 / SEBIStripe
02 · Agentic Verify
Financials rebuilt from L0 transactions
AI agents rebuild P&L from scratch. 15 fraud detection rules + Frank Test™ user verification. Legal risk priced into QoE adjustments. Every number L0 → L5 traced. No AI in scoring logic — deterministic.
QoE BridgeFraud DetectionFrank Test™Legal RiskDeterministic
03 · Agent Deliver
IC memo + Excel model in 5 days
GO / CONDITIONAL / NO-GO recommendation. EBITDA bridge, valuation, risks, NWC — every number traceable to a source transaction. Banking-grade Excel model with override controls.
IC MemoLBO · DCF · M&ACompsCIM Draft
Agentic AI
Agents replace the analyst and associate execution layer.
Big 4 send a partner, manager, two associates, and an analyst for 6–8 weeks at $400K–$1M. Delligen agents replace the execution work — every workstream simultaneously in 5 days. Your senior team makes the decision. Delligen gives them verified data to decide from.
Financial reconstruction
- Before
- Senior associate rebuilds P&L manually from PDF management accounts — 2–3 weeks
- Agent
- Connects to ERP API · rebuilds from L0 transactions · QoE bridge auto-generated with source UUIDs
AI voice expert interviews
✦ No IB AI platform has this
- Before
- Analyst schedules 10–15 calls over 3 weeks · single-threaded · MNPI risk unmanaged · no compliance logging
- Agent
- 100+ expert interviews in hours · multilingual · real-time MNPI detection · compliance logs · 10b-5 defence artifacts auto-generated
Legal risk pricing
- Before
- Lawyer reviews contracts and prices risk manually · not linked to financial model
- Agent
- Engine #12 · PDF/DOCX → CoC/MAC/IP clause → QoE dollar adjustment → SEC S-1 risk language
Fraud detection
✦ 15 rules + Frank Test™ — exclusive
- Before
- Spot-check bank statements · no systematic verification · fabrication goes undetected
- Agent
- 15 detection rules + Frank Test™ + 3 mandatory signals (round-tripping, related-party, revenue/cash) · deterministic
IC memo drafting
✦ SPAC & Pre-IPO — only platform globally
- Before
- Manager writes 40-page IC memo over 2 weeks · manually assembled from multiple workstreams
- Agent
- Verified Deal Intelligence Agent · 8-section memo · GO / CONDITIONAL / NO-GO · IC-ready · locked
Excel model
- Before
- Analyst builds LBO/DCF model from management accounts · assumptions unverified
- Agent
- LBO · DCF · M&A · ECM · Credit · base assumptions from L0 ERP-verified data · override controls
Analyst and associate execution layer replaced. Same IC-ready outputs. 88% gross margin at $75K. What Delligen does not replace: senior partner judgment, deal strategy, client relationships, IC defence. Your senior team makes the decision — Delligen gives them verified source data to decide from.
Core Output
From raw data → verified due diligence and financial intelligence in 5 days.
Every output is IC-ready, auditable, and traceable. Every number has a source.
Verified QoE EBITDA bridge
Rebuilt from ERP transactions. Every adjustment traced to source with UUID.
Fraud detection · cash · revenue · users
15 detection rules + Frank Test™ user-base verification. 3 mandatory fraud signals.
Valuation + risk analysis
LBO/DCF from verified EBITDA. Legal risk priced into QoE. Comparable company analysis.
IC-ready memo · GO / CONDITIONAL / NO-GO
8 sections auto-assembled. Deterministic recommendation from L0 verified data.
Banking-grade Excel model
QoE, LBO, DCF, M&A — base assumptions from ERP-verified data. Cell-level source comments.
AI voice expert interviews — MNPI-safe
100+ expert and management interviews per deal in hours. Multilingual. Real-time MNPI detection. Compliance logs. 10b-5 defence artifacts. No IB AI platform has this.
Every number is traceable. No exceptions. L0 → L5 — full chain.
Decision Engine v2.0
Deterministic investment scoring. Same input → same output, always.
No AI computes any score. Every number traces to a Delligen L0 source record with UUID and timestamp. AI only explains the reasoning behind a deterministic computation — it never produces the number itself. The only investment decision engine that passes a Goldman Sachs or Big 4 technology risk audit.
Fixed formula · locked weights
0.30×Financial (ERP + Bank)
0.20×Legal (Engine #12)
0.15×KYB (8 AI Agents)
0.20×(100 − Fraud %)
0.15×Operational
=Investment Score (0–100)
- Four typed L0 loaders (ERP · Bank · Legal · KYB)
- Hard stop if any loader returns zero verified refs
- UUID + timestamp on every output number
- AI only explains — never computes
Investment Score 0–100
Deterministic composite. Same deal data → identical score. IC-auditable.
Fraud Probability %
Three mandatory signals: round-tripping · related-party ratio · revenue/cash mismatch.
Strict Recommendation Rules
Fraud > 70% → DO NOT INVEST. Score ≥ 75 → INVEST. No AI. No exceptions.
Continuous Monitoring
Rule-based alerts: revenue drop > 20% · fraud increase > 15% · score drop > 10pts.
Differentiation
Others analyze documents. Delligen verifies the source.
Every alternative reads what management prepared. We connect to what management built those documents from.
Capability
Traditional Tools
Delligen
Data source
Traditional
PDFs + filings + VDR docsBig 4HebbiaRogo
Delligen
ERP + bank API (primary source)DD coverage
Traditional
Document analysis onlyHebbiaBridgetown
Delligen
Full — 6 workstreams from L0Agent capability
Traditional
Answers questions about docsRogoHebbiaDili
Delligen
Executes end-to-end from L0Financial reconstruction
Traditional
From documentsBig 4Rogo
Delligen
L0 ERP transaction rebuildSource verification
Traditional
Document layer onlyAll competitors
Delligen
Primary source — ERP + bank APIFraud detection
Traditional
None / manual spot-checkAll competitors
Delligen
15 rules + Frank Test™ + 3 signalsAI voice interviews
Traditional
Separate tool / noneDiligenceSquared
Delligen
Built-in · 100+ · MNPI-logged · 10b-5SPAC / Pre-IPO / SEC S-1
Traditional
Not availableNo competitor
Delligen
Only platform globallyKYB / KYC agents
Traditional
Separate toolRefinitivDow Jones
Delligen
8 AI agents · 8 sanctions lists · UBODecision engine
Traditional
AI opinion / confidence scoreRogoHebbia
Delligen
Deterministic · same input = same outputContinuous monitoring
Traditional
Not availableAll competitors
Delligen
L0 quarterly re-verification · alertsIndia / SEBI / MCA21
Traditional
Not availableNo competitor
Delligen
First mover · fully builtDelivery
Traditional
6–8 weeksBig 4 QoE
Delligen
5 daysCost
Traditional
$500K–$1MBig 4 mandate
Delligen
$75K–$250K · 88% gross marginThe structural moat: Every alternative reads what management put in the data room. Delligen connects to what management built those documents from — the ERP, the bank API, the user database. This is an architectural difference. It cannot be replicated by reading documents more cleverly.
Pricing
Anchored to the market. Delivered in five days.
Start with a live due diligence mandate or financial intelligence engagement. No lock-in. You keep the output regardless. Big 4 charges $400K–$1M for 8 weeks — we ship in 5 days with verified source data they cannot access.
Pilot mandate · Start Here
$75K
5-day live engagement · 1 mandate from your pipeline
- 1 live due diligence mandate or engagement
- Full verified output · all 6 workstreams
- Your team alongside ours for 5 days
- You keep the full output regardless
- 60%+ convert to ongoing engagement within 90 days
- No long-term commitment
Full engagement
$150K–$250K
Per mandate · 88% gross margin
- End-to-end verified due diligence
- All six workstreams — Financial, Commercial, Legal, Tech, KYC, Pre-IPO
- IC memo + Excel model (LBO · DCF · M&A)
- Legal risk → QoE dollar adjustment
- KYB on all counterparties
- SEC S-1/S-4 readiness · SEBI DRHP
- 5 days, end-to-end. Big 4 takes 8 weeks.
OS Subscription
$15K–$25K/mo
Unlimited engagements · institution OS license
- Unlimited mandates across firm
- Portfolio monitoring included
- LP report generation
- Exit readiness scoring
- Priority onboarding + SLA
White-label · Big 4 / IB
$150K–$200K platform fee
Partner bills client $500K–$1M. Keeps $300K–$850K per mandate.
Frank Test™ standalone
0.1% of deal value
$75K floor · $250K ceiling. Saves millions.
You keep the output. No lock-in.
Run a live due diligence mandate or financial intelligence engagement through Delligen. Keep the full verified output — IC memo, Excel model, audit trail whether you continue or not. That is the $75K pilot. Compare against your current process and decide.
We follow SOC 2 Type II and ISO 27001 guidelines. The procurement bar that clears Goldman Sachs, JPMorgan, and Big 4 vendor approvals. Security pack →
Due Diligence — and Far Beyond
Built for due diligence. Powered across every financial and business decision.
Delligen is a comprehensive due diligence platform — and the same verified intelligence engine covers every other financial and business decision your firm makes.
Portfolio monitoring
Quarterly KPI verification against live ERP data. $25K–$50K per portco per year. Alerts on revenue drop, margin compression, fraud signals.
Credit & covenant tracking
Bank credit portfolio monitoring. Covenant compliance verified against primary source. $200K–$500K per bank per year.
Pre-IPO readiness
Multi-year programme from 2 years pre-listing. SEC S-1, SEBI DRHP, NYSE / NASDAQ scorecard. Only platform globally.
Vendor & acquisition DD
Corporate CFO continuous vendor monitoring. $300K–$1M per year. Financial health verified against source before every renewal.
Start with one due diligence mandate.
Expand across every financial and business decision your firm makes.
What our CEO says
I spent years doing due diligence manually, exporting trial balances, chasing bank confirmations, building EBITDA bridges by hand. I knew exactly which numbers could be fabricated, because I’d seen the workflow that lets it happen. Delligen is built to fix that. The platform’s core buyer is my former self, the IB associate at 2 a.m.
Parimal Shah
CEO & Co-Founder · Delligen
Background in M&A banking and financial due diligence. Deep understanding of investment banking deal workflows, credit analysis, and the manual DD processes Delligen is built to automate.
Run your next due diligence mandate on verified data.
A real target from your pipeline. Your team alongside ours. 5 days. You keep the full output — IC memo, Excel model, audit trail.
$75K · 5 days · 1 live mandate · you keep the output · no lock-in
Parimal Shah · CEO & Co-Founder · parimal@delligen.com · 1-646-662-4458 · delligen.com