Asset-based finance platform
Asset-based finance, built on asset-level data.
Mosaic Group is a technology-driven asset-based finance platform connecting US capital with specialty assets worldwide. We originate directly or alongside specialist originators, structure senior and junior capital for each program, and commit our own capital at risk.
Founding team experience includes US$1.2bn+ of trade finance funded across 15,000+ invoices and US$4bn+ of notes issued on the Tradeteq platform.¹
¹ Historical activity of businesses associated with the founding partners prior to Mosaic Group. Not Mosaic Group performance.
Who we work with
Three ways to work with Mosaic Group
Capital partners
Invest alongside us
Access senior or junior positions in individually structured asset-based programs, each with its own collateral, limits and investor rights. Mosaic retains capital at risk in every program.
Origination partners
Scale your origination
You know a niche asset class. We bring structuring, US funding, risk management and technology so you can grow your book with committed capital. Programs from US$10m.
Companies
Access US capital, wherever you operate
Facilities backed by what you already own: trade receivables, inventory and other documented assets. We work across markets and size each structure to your asset base. Facilities from US$10m.
What we do
A specialty finance platform built around technology and risk management
01
Who we are
A founding team with experience in niche origination, structured credit, quantitative risk and technology.
02
What we do
Mosaic Group sources assets directly or with specialist originators, underwrites each pool on its own merits, and arranges senior and junior funding from US capital partners.
03
How we operate
Mosaic services or oversees servicing, monitors assets and collections daily, reports to investors, and commits its own capital at risk.
Origination
Two origination routes. One investment standard.
01
Specialist originator partnership
A niche originator sources the assets and may service them. Mosaic structures the program and agrees the partner's cash commitment and operating duties.
02
Mosaic direct origination
Mosaic Group sources assets and performs servicing itself, with staffing, data, cash controls and backup arrangements set for each mandate.
Either way, every program goes through the same underwriting, structuring, monitoring and reporting.
Strategies
Each asset class has its own repayment engine
Mosaic Group applies one governance process across all programs, then sets eligibility specific to each asset.
Trade receivables
How it repays
Buyer payment, or borrower repayment from trade cash flow
What we check
Assignment, dilution, obligor limits and insurance rights where used
Inventory and floorplan
How it repays
Sale or refinancing of identified units
What we check
Title, value, aging, dealer exposure and recovery options
Specialty assets
How it repays
Documented claims or receivables, including medical and potentially litigation or warranty finance
What we check
Enforceable rights, claim validity, servicing, duration and reserves
Alignment
Our capital sits first in line for losses
Capital follows the asset, with a defined loss order. Advance rates and instruments are set for each approved pool.
Every program has Mosaic's own money in the first-loss position.
Our incentives match yours.
Mandate process
From first conversation to funded program, in four decisions
Source
Review asset supply, origination, servicing and funding needs.
Underwrite
Test performance, asset rights, repayment, servicing and recovery.
Approve and fund
Set eligibility, advance rates, covenants and commitments.
Collect and report
Reconcile cash, monitor triggers and redeploy within mandate.
Investor capital is drawn only after diligence, documentation and asset eligibility are complete.
Risk discipline
Controls change how much can be funded
Underwriting connects the counterparty, the asset and the legal structure. Controls then run for the life of the pool.
We underwrite four sources of risk
01
Origination and servicing
Governance, capacity, historical data and controls.
02
Payment counterparty
Credit quality, payment behavior, sector and concentration.
03
Asset
Existence, documents, eligibility, age, disputes and expected recovery.
04
Structure
Transfer or security, perfection, cash control, reserves and backup servicing.
Controls through the life of a program
01
Before a draw
Source documents, asset age, value and concentration limits are verified.
02
During the pool
Asset records are reconciled to cash daily. A weakening pool can reduce availability or trap cash.
03
After a breach
New draws stop, reserves are built, and investors receive breach reporting.
Each program has its own legal perimeter: separate vehicle, controlled collection accounts, and no cross-program collateral. Cross-border programs are reviewed for enforceability, tax and regulatory requirements in each jurisdiction.
Technology and reporting
One asset record, from origination to investor report
Mosaic Group carries each asset's source documents, checks and approvals from intake into the funded pool and through every collection.
Before funding
Digital intake
Partner access, onboarding, asset files and source documents
Eligibility and approval
Transaction-level checks with every decision logged
Funding record
Advance, settlement and cash tied to the same asset record
After funding
Daily portfolio data
Positions and payments imported and reconciled
Risk analytics
Aging, arrears and concentration tracked
Servicing workflows
Collections allocated and actions recorded
For investors
Position report
Balances, advances, collections, maturity and aging
Borrowing base
Exclusions, reserves, availability and concentration
Exception log
Breaches, disputes, remedies and audit trail
Investor statements tie back to actual cash.
Founding team experience
Experience, not a first attempt
² Historical activity of businesses with which founding partners were associated before Mosaic Group. These figures do not represent Mosaic Group's investment performance and are not indicative of future results.
Partners' prior experience includes Goldman Sachs · McKinsey & Company · Bank of America Merrill Lynch · Blackstone · Qatar Sovereign Wealth Fund · Oppenheimer & Co.
Team
The team
Partners with backgrounds in origination, capital markets, structured credit, quantitative risk and technology.
Partner
Mattia Tomba
Managing Partner
Investor and fund builder across sovereign wealth, institutional and private capital.
- Founding Partner, Alchemy Capital Solutions
- Founder and Managing Partner, The PIO
- Investment Manager, Qatar Sovereign Wealth Fund
- Goldman Sachs Whitehall Funds
- Private Wealth Management, Merrill Lynch
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Mattia has spent his career allocating and managing capital for demanding investors, from the Qatar Sovereign Wealth Fund to Goldman Sachs' Whitehall Funds. He founded The PIO and is a Founding Partner of Alchemy Capital Solutions.
Partner
Marco Breu
Managing Partner
Former McKinsey Managing Partner, founder and early-stage investor.
- Founding Partner, Alchemy Capital Solutions
- Founder and Chairman, Orionis Capital
- Managing Partner, McKinsey & Company
- Investor in 20+ startups
- Visiting Professor, Royal Thimphu College
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Marco spent more than 25 years at McKinsey & Company, rising to Managing Partner. He founded and chairs Orionis Capital, is a Founding Partner of Alchemy Capital Solutions, and has invested in more than 20 startups.
Partner
Michael Boguslavsky
Partner
Quantitative risk and AI leader in trade finance and structured solutions.
- Former Head of AI and Chief Risk Officer, Tradeteq
- Former Advisor, Blackstone Alternative Asset Management
- Former EMEA Head of Pension and Insurance Structuring, Bank of America Merrill Lynch
- Former Head of ALM and Quantitative Analytics, Ignis Asset Management
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Michael led risk and AI at Tradeteq. Before that he headed EMEA pension and insurance structuring at Bank of America Merrill Lynch, advised Blackstone Alternative Asset Management, and ran ALM and quantitative analytics at Ignis Asset Management and the Pearl/Phoenix Group.
Partner
Dipak Jogia
Partner
Trade and specialty finance builder; co-founder of a New York alternative asset manager.
- Co-Founder and Managing Partner, Highmore Group
- Heads Highmore's Trade and Specialty Finance business
- Former Managing Director, Oppenheimer & Co.
- Former FrontPoint Partners
- MSc Economic History, London School of Economics
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Dipak co-founded Highmore Group, an SEC-registered alternative asset manager, where he leads Trade and Specialty Finance. His team has funded over US$1bn across 23 industries and more than 15,000 invoices. Earlier, he headed alternative investments research at Oppenheimer & Co.
Partner
Jennie Jiang
Partner
Quantitative analyst and structurer in alternatives and private credit.
- Managing Director, Highmore Group
- Former Senior Director, Oppenheimer & Co.
- Prior roles at Citi, Bank of America Merrill Lynch, UBS and Moody's
- MA in Statistics, Harvard University
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Jennie is a Managing Director at Highmore Group, working on quantitative analysis and structuring across private credit and asset-based strategies. At Oppenheimer & Co. she led the quantitative analytics platform for portfolio rebalancing, risk monitoring and liquidity management.
Global presence
US capital. Global reach.
Washington, DC · New York · London · Dubai · Singapore
Partners on three continents, close to originators and companies in the markets we finance, and to the US capital that funds them.
FAQ
Frequently asked questions
What is asset-based finance?
Lending or investing against specific, identifiable assets, such as receivables, inventory or documented claims, where repayment comes mainly from those assets rather than from the borrower's general credit.
Do you finance companies outside the United States?
Yes. Mosaic Group connects US capital with companies and originators in multiple markets. Each program is reviewed for enforceability, tax, sanctions and regulatory requirements in the relevant jurisdictions.
What is the minimum facility size?
US$10 million. Programs are typically structured for companies and originators with assets that can support a facility of at least that size.
What asset classes does Mosaic focus on?
Trade receivables, inventory and floorplan finance, and specialty assets such as medical receivables and, potentially, litigation or warranty claims. Each program is approved on its own merits.
Does Mosaic invest its own capital?
Yes. Mosaic contributes cash at risk to each program, in the first-loss position under the agreed waterfall, alongside the partner originator where agreed.
What positions are available to investors?
Senior positions and junior positions. Each has its own collateral, limits and investor rights set in the final documents.
Do you only work through originators?
No. Mosaic partners with specialist originators and can also originate and service assets directly. Both routes follow the same investment standard.
How long does it take from first conversation to funding?
It depends on data quality and legal structure, particularly for cross-border programs. Every program goes through sourcing, underwriting, approval and documentation before any draw.
How are programs kept separate?
Each program has its own legal perimeter: a separate vehicle, controlled collection accounts and no cross-program collateral.
What reporting do investors receive?
Asset-level position reports, borrowing base reports and an exception log, reconciled to actual cash. Cadence and fields are agreed with each investor.
How do investors receive program details?
Program terms, structures and documentation are shared only with eligible investors after an initial qualification call.
Is submitting the form a commitment?
No. It starts a conversation. Information you share is treated as confidential.
Request an introduction
Let's see if there is a fit
Whether you are allocating capital, originating assets or seeking financing of US$10m or more, tell us a little about yourself. A partner will respond within 2 business days.
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