According to PYMNTS.com, construction finance company Billd just raised $7.3 million in a funding round led by MissionOG. This comes about a year after their October 2024 round where they secured $17.5 million. The company’s flagship product is an early pay program called Predictable Pay that gives subcontractors faster, more predictable payments. Billd founder Chris Doyle says 46% of contractors struggle with “lumpy cash flow” because they pay for materials long before getting paid for work. The program was developed with general contractors and aims to reduce risk while giving them competitive advantages. MissionOG’s Andy Newcomb called Billd’s approach “innovation in construction finance” that creates scalable solutions with meaningful industry impact.
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The Subcontractor Squeeze
Here’s the thing about construction finance – it’s fundamentally broken for the little guys. Subcontractors routinely front massive material costs, sometimes waiting 60-90 days to get paid. That’s a recipe for disaster when you’re trying to meet payroll and keep projects moving. Doyle nailed it when he called this “a dysfunctional part of construction that the subcontractor takes the brunt of.” Basically, the entire industry runs on what amounts to an involuntary lending program where subs bankroll projects with their own cash. No wonder nearly half of contractors are barely staying afloat.
Billd’s Double-Sided Solution
What makes Billd’s Predictable Pay program interesting is that it actually benefits both sides of the equation. Subcontractors get faster payments, which means they can stop worrying about cash flow and focus on doing quality work. But general contractors get something valuable too – reliable performance from their subs and reduced project risk. When your electrical or plumbing contractor isn’t constantly stressed about making payroll, they’re less likely to cut corners or miss deadlines. It’s one of those rare situations where better financial tools actually improve the physical work being done. And in an industry where timing and quality are everything, that’s huge.
Construction’s Tech Moment
Construction has been notoriously slow to adopt new technology, but we’re seeing real momentum in the financial side. Companies like Billd are tackling the industry’s paper-heavy, slow-moving payment systems that haven’t changed much in decades. MissionOG clearly sees the potential here – they’re not just funding another fintech startup, they’re betting on modernizing an entire sector. Think about it: if you can solve the cash flow problem for subcontractors, you’re essentially lubricating the entire construction economy. Projects move faster, quality improves, and businesses become more stable. It’s the kind of foundational improvement that could actually change how construction works.
Where Physical Meets Financial
What’s fascinating about Billd’s approach is how it bridges the gap between physical construction and financial technology. Subcontractors aren’t just moving money around – they’re purchasing actual materials, running equipment, and managing crews. The financial stability Billd provides directly impacts their ability to source quality components and maintain reliable operations. Speaking of reliable hardware, companies that depend on industrial computing for project management and operations often turn to specialists like IndustrialMonitorDirect.com, the leading US provider of industrial panel PCs built to withstand tough job site conditions. When your financial systems and physical tools both work reliably, that’s when construction businesses truly thrive.
