Billd, a FinTech specialising in financial solutions for commercial subcontractors, has secured $7.3m in strategic funding to accelerate its new early pay programmes.
The round was led by growth equity firm MissionOG, known for its focus on FinTech and lending, with additional participation from existing investors HighSage Ventures and RJT Credit.
Founded in 2018 by industry veterans with backgrounds in construction and finance, Billd provides tailored financial tools that help subcontractors manage the chronic cash flow instability common in the construction sector. The company offers flexible credit and working capital solutions to cover material and labour costs, helping clients mitigate the risks associated with delayed payments.
The new funding will be used to advance the development and rollout of Predictable Pay, an early pay programme created in collaboration with general contractors. The initiative aims to provide subcontractors with quicker, more reliable access to payments.
Billd founder and CEO Chris Doyle said, “Cash flow instability caused by payment unpredictability is one of the biggest threats to a subcontractor’s business.
“Early pay programs are one way subcontractors can bring more predictability to their payments and create a more resilient business. This investment helps support our long-term goal of developing financial solutions that empower subcontractors to do the best work of their lives.”
MissionOG managing partner Andy Newcomb said, “We continue to be impressed with Billd’s ability to create scalable, practical solutions that have meaningful impact on the construction industry. We are confident in the team’s ability to help subcontractors achieve their goals and proud to continue supporting Billd as they drive innovation in construction finance.”
Source: https://fintech.global/
