Private equity funds make billion-dollar decisions on financials they cannot verify. GroupIQ independently reconstructs financial truth from bank source evidence — and compares it to what management reported. For the first time, funds have Verified Financials they can defend.
PE funds, private credit lenders, and VC firms managing billions in AUM rely on self-reported management financials — accepted at face value. The systematic verification of those financials against source bank statement evidence is the problem no one has solved at institutional scale.
Missing statement undetected for 3 weeks
Investment decision made on incomplete financial data. Material error in Quality of Earnings analysis goes undetected until post-close. The fund never knew what it didn't have.
Fraudulent statement enters the processing pipeline
No tamper detection on portal uploads. Incorrect Verified Financials produced. Credit decision made on fabricated evidence. The forgery was structurally undetectable without cryptographic verification.
Management reports $4.2M EBITDA. Bank reconstruction shows $2.8M.
The $1.4M gap is real. The fund never sees it because they accepted management's financial package without independent reconstruction. The deal closes. Year 1 produces a write-down.
Credit card payments invisible at the bank statement level
20–30% of total operating spend appears as single aggregate line items. Personal expenses, cash advances, officer perquisites — all invisible. The analyst saw the total and saw nothing else.
The deal that closes on false financials. The portfolio company that is 40% smaller than reported. The write-down that a financial reconstruction at diligence would have caught. These are not hypotheticals. They are the recurring cost of accepting manual, unverified financial review as the institutional standard.
The institutional platform that independently reconstructs financial data from bank source evidence, reconciles it against management-reported figures, and produces Verified Financials — an institutionally defensible financial truth layer that no spreadsheet or extraction tool can produce.
StatementIQ is the flagship product of GroupIQ — the institutional financial intelligence platform for private capital markets. Built for PE funds, private credit lenders, and venture capital firms.
The Central Question StatementIQ Answers
What does management report versus what the evidence reconstructs?
Builds an independent P&L and cash flow from raw bank statement evidence — not from what management reported.
Compares reconstructed financials to management-reported figures. Identifies every gap, flags every risk, creates a governed workbench for resolution.
Produces Verified Financials with full audit lineage — traceable from every output back to the source document.
Generates Quality of Earnings, Financial Integrity, and Audit Risk scores — all factor-decomposed and explainable to any investment committee.
Continuously refreshes reconstructed financials across a portfolio. Surfaces anomalies, triggers alerts, supports recurring post-investment diligence.
Every output is auditable, evidence-linked, and traceable. A CISO, legal team, and investment committee each get the proof they specifically require.
GroupIQ was founded by people who spent careers inside the institutions that have this problem. We know what a PE investment committee actually needs to close a deal with confidence. We know the difference between software that displays financials and infrastructure that verifies them — because we were on the buying side of that distinction for years.
— GroupIQ Founding TeamFounded by professionals who evaluated and approved institutional financial data for private capital decisions — not engineers who discovered the market existed.
Investment committee defensibility. Audit lineage. Explainable scores. Reconciling item governance. These aren't features we designed — they're requirements we lived under.
Most fintech companies build extraction tools because extraction is a technology problem they know how to solve. We built verification infrastructure because we know what funds actually need.
Every fund that accepts management financials at face value has this problem. StatementIQ is the only platform that independently reconstructs the truth.
We work with private equity funds, venture capital funds, real estate funds and private credit lenders.