Banking details, released carefully.
Wire fraud is the most expensive failure mode in a raise, and it usually starts with banking details sent by email. In LP Port, wire instructions are set per investment and visible only to investors who have been accepted, alongside the name and number to call to confirm them.
The details are never in an inbox.
Each investment holds its own structured wire instructions: bank name, account name, account and routing numbers, and the recipient and bank addresses. They appear only to investors whose subscription to that specific investment has been counter-signed. Membership alone is not enough, and being accepted into a different investment does not carry over.
Alongside them, you publish a verification contact: the person at the fund an investor should call, and the number to call, before sending money. That contact is shown as part of an anti-fraud warning, so confirming instructions is the normal path rather than an afterthought.
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Per investmentA fund and an SPV can have entirely different banking details, and you can copy instructions from another investment as a starting point rather than retyping them.
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Gated by statusInstructions are withheld until an investor is accepted, so banking details are not sitting in front of every prospect who signed up.
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A named person to callThe verification contact and phone number are published with the instructions, so an investor has an out-of-band way to confirm them.
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Encrypted at restAccount and routing numbers are sealed in the database, so a raw database dump or a backup file yields ciphertext rather than banking details.
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Proof of fundsInvestors can mark funds as sent and attach the transfer receipt, which is filed on their record and audited whenever it is opened.
The attack this is designed for.
No emailed details
If instructions are never sent by email, an intercepted or spoofed email thread has nothing to alter.
Confirmation is expected
Publishing a verification contact makes calling to confirm the norm, which is the control that actually stops the attack.
One authoritative copy
Instructions live in one place per investment, so there is no stale version circulating from an earlier close.
Funding questions.
Who can see wire instructions?
Only an investor whose subscription to that specific investment has been counter-signed. Prospects cannot see them, and acceptance into one investment does not reveal another investment's details.
Can different investments have different banking details?
Yes. Wire instructions are stored per investment, which is what an SPV alongside a fund normally requires.
How does this reduce wire fraud risk?
By removing email from the path. The details are only ever displayed in an authenticated portal to an accepted investor, and they are published with a named person and number to call to confirm them before sending funds. Every view of them is recorded.
Are the account numbers encrypted?
Yes. Wire fields are encrypted at rest, so a database dump, a recycle-bin snapshot or a backup archive contains ciphertext rather than readable account and routing numbers.
Close the loop on funding.
Wire instructions are the last step of a package that starts with a form and a signature.