BONITA SPRINGS, FL Jun 26th, 2018 – Upstate New York based construction payment tech startup, BuildPay, celebrated its first million-dollar project this week. The milestone is the first of many that are expected to tip in the coming months.
The project is part of some significant renovations to a privately-owned residence in Bonita Springs, FL and so far, has 20 new work providers and suppliers getting paid quickly through BuildPay’s network.
This marks the company’s entry into the South West Florida market to more construction “powered by BuildPay.”
“The advantages are clear,” said BuildPay field executive Gary French. “We’re here to provide security and confidence to the project payment process. That drives competitive pricing and work acceleration. BuildPay doesn’t just protect the owner; we’re watching out for every single sub and supplier. No one else does that.”
The fast-paced work is expected to finish in October of this year.
BuildPay offers patent pending financial technology to construction-funding institutions to connect the entire construction payment chain; enabling fast, direct payments, quicker build times and more competitive pricing without liens and delays tied to accounts receivable. Construction the way it should be. #GotPaid