October 18, 2021 – Billd has partnered with Procore Technologies Inc. to offer contractors a “complete solution to secure financing for critical projects and to streamline project management and materials procurement.”
Billd provides material financing to commercial subcontractors, while Procore provides construction management software.
“This partnership enables Procore to offer additional cash flow and project finance 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 market. “
“We are thrilled to partner with Procore, the construction industry’s most widely used and respected platform,” said Chris Doyle, CEO of Billd. “This partnership will further strengthen the importance and reliability of Billd’s materials financing solutions and allow us to help thousands more businesses succeed and grow.
Billd allows contractors to “get around project barriers” with access to upfront funds, while allowing suppliers to sell more materials “with less risk”. For contractors who typically don’t get paid more than 90 days after purchasing the materials, Billd offers 120-day terms.
In the meantime, over a million projects have been executed on Procore’s platform, which connects project stakeholders from owner to subcontractor.