Rivet gives auctions and their trading partners a shared workspace for documents, exceptions, approvals, buyer funds, seller payouts, and transaction history.
A single wholesale vehicle transaction can involve an auction, dealer, consignor, lender, transporter, title process, fees, pay-in, and payout. The financial event is inseparable from the operational one — but today they live in different systems, threads, and phone calls. Rivet brings the permitted state of that transaction into one operational view.
Each party sees the permitted state of the same record — never each other's internal systems.
Give your team and customers the same transaction context. Reduce calls and email by showing document status, payment state, holds, exceptions, and next actions in a secure shared workspace.
Check out with funding in context — lender selection, approval status, title condition, and transport on the same record as the purchase, with one history across every auction relationship.
Approve funding against the verified state of the transaction — sale confirmation, documents, and title conditions attached — and keep payoff context connected through settlement.
Buyer pay-ins, auction fees, lender payoffs, and seller proceeds — visible in the workflow and easier to reconcile to the underlying vehicle transaction.
Financial services may be provided by regulated partners. Availability, eligibility, currencies, rails, and settlement times may vary by jurisdiction and program.
Rivet can synchronize with accounting, auction management, simulcast, floorplan, payment, and banking systems as connectors become available — while every party keeps its own system of record.
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We are working with a small group of auctions, dealers, and lenders to bring real transactions from sale to settlement on Rivet.