October 18, 2021 By Anthony Capkun
October 18, 2021 – Billd has partnered with Procore Technologies Inc. to offer contractors a “comprehensive solution to secure critical project financing, and to streamline project management and materials procurement”.
Billd provides material financing for commercial subcontractors, while Procore provides construction management software.
“This partnership allows Procore to offer additional cash flow and project financing solutions to our customers,” said Nate Tockerman, partner manager, Procore. “Together with Billd, we look forward to delivering technology that enables a thriving and efficient construction marketplace.”
“We are excited to partner with Procore, the most widely used and respected platform in the construction industry,” said Chris Doyle, CEO of Billd. “This partnership will further solidify the importance and reliability of Billd’s material finance solutions, and enable us to help thousands more businesses succeed and grow.”
Billd allows contractors to “bypass project hurdles” with access to upfront funds, while enabling suppliers to sell more materials “with less risk”. For contractors who usually aren’t paid until more than 90 days from purchasing materials, Billd provides 120-day terms.
Meantime, over 1 million projects have run on Procore’s platform, which connects project stakeholders from owner to subcontractor.
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