What Billd does

Billd is a construction-focused fintech founded in 2018 in Austin, Texas that provides working capital solutions to commercial subcontractors in the U.S. construction industry. The company operates a proprietary financing platform accessible via web portal and mobile app, offering three primary products: Material Financing (up to 120-day payment terms on material purchases, with suppliers paid same-day or next-day via ACH), Pay App Advance (up to 100% of approved pay app value advanced minus a purchase fee, with weekly repayment up to 60 days and zero contact with the general contractor during the pay period), and Predictable Pay (a turnkey GC-side early-pay platform with self-funded, third-party-funded, or hybrid funding models). The technology stack uses Plaid for read-only bank account connectivity across 15,000+ U.S. financial institutions, a proprietary subcontractor-specific risk methodology, and integrations with Dodge Construction Network, Knowify, PlanHub, BuildOps, AIA, and Stack. A white-labeled Turner Accelerated Payment Program (Turner APP powered by Billd) is embedded into Turner Construction project workflows.

Billd generates revenue through transaction-based fees: 2.99% per month on outstanding material financing balances and daily-rate purchase fees on Pay App Advance transactions tied to days accelerated, plus platform and processing fees on the GC-side Predictable Pay program. The go-to-market is sales-led with direct outreach to subcontractors, a self-serve online portal enabling enrollment in under five minutes, and channel partnerships with general contractors, material suppliers, and construction technology platforms. Customer segments are commercial subcontractors (primary, 1,500+ served) and general contractors (secondary, accessed via Turner APP and Predictable Pay).

Billd has financed over $1 billion cumulatively for 1,500+ subcontractors and paid 1,000+ suppliers. The company has raised approximately $295M+ across disclosed rounds — most notably a $144M debt facility from ATLAS SP Partners in December 2024, a $100M debt facility from LL Funds in November 2022, a $30M Series B led by LL Funds in July 2021, a $17.5M strategic round in October 2024, and a $7.3M round led by MissionOG in November 2025. Billd ranked #2 on Forbes' America's Best Startup Employers 2026 list.

Name

Billd

Legal name

Billd Exchange, LLC

Website

https://billd.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Billd is a U.S. construction fintech providing material financing (up to 120-day terms) and pay app advances to commercial subcontractors. The proprietary platform has financed over $1 billion for 1,500+ subcontractors across the U.S., with a flagship embedded partnership on Turner Construction projects.

Ownership category

akta.pro rank

Product category

Construction Fintech

NAICS

Sales Financing (52222)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Bill Management & Subscription Management (FSAGADAG)

akta.pro secondary industries

Late Fee / Bill-Pay Advance Products (FSAKAMAM), Bill Aggregators & Consolidators (FSAMAJAB)

Keywords

• Construction financing
• Subcontractor lending
• Material financing
• Construction fintech
• Early payment programs

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Material Financing Fees: Billd purchases materials from subcontractors' suppliers upfront and extends payment terms of up to 120 days. Revenue is generated through a financing fee charged to subcontractors, calculated at approximately 2.99% per month (subject to credit approval). Subcontractors repay when paid by the GC, up to 120 days. No upfront fees; the cost is built into the periodic payment.
2. Pay App Advance Fees: Billd advances up to 100% of an approved pay application's value minus a purchase fee. Subcontractors make small, predetermined weekly payments until paid by the GC, up to 60 days. Revenue comes from the purchase fee deducted at the time of advance. No wire or transfer fees. Pricing is based on a daily rate tied to the number of days accelerated.
3. Predictable Pay / Early Pay Program Fees: GCs either retain the full early payment fee (self-funded model) or receive a rebate portion (third-party funded model). Subcontractors pay the early payment fee in exchange for faster access to funds. Billd earns revenue by managing the platform, processing payments, and supporting both funding models. Fee is based on a daily rate determined at enrollment.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

Billd is a construction-focused fintech that provides working capital solutions to commercial subcontractors in the U.S. Its products finance material purchases from suppliers on up to 120-day terms, advance up to 100% of approved pay applications from general contractors, and deliver turnkey early-pay programs for general contractors (including a white-labeled program for Turner Construction). Customers access these services through a proprietary web and mobile platform with same-day or next-day ACH supplier payments.

Product overview

Billd is a financial technology platform offering a suite of purpose-built capital solutions for commercial subcontractors in the construction industry. The core product portfolio consists of Material Financing (providing up to 120-day terms on material purchases), Pay App Advance (advancing up to 100% of approved pay applications), and Predictable Pay (a GC early pay program enabling faster subcontractor payments). The Turner Accelerated Payment Program is a sub-brand partnership with Turner Construction offering accelerated payments on Turner projects. Additional offerings include a Flex Line of credit. These products work together to address the construction industry's cash flow challenges, allowing subcontractors to preserve capital, negotiate supplier discounts, and achieve payment predictability.

Differentiator

Problem solved

Functional benefit

Brands

• Material Financing: Up to 120-day payment terms on material purchases for commercial subcontractors.
• Pay App Advance
• Turner APP powered by Billd
• Predictable Pay
• Flex Line

Products and services

• Material Financing Construction material financing product for commercial subcontractors. Billd pays the subcontractor's material supplier upfront (same-day or next-day ACH) and extends payment terms of up to 120 days to the subcontractor, who repays when paid by the GC or at term end. Pricing is approximately 2.99% per month, subject to credit approval, with no upfront, enrollment, or platform fees. Designed for any U.S. material supplier (no restricted supplier list).
• Pay App Advance Pay application financing for commercial subcontractors. Once a pay application is approved by the general contractor, Billd advances up to 100% of the approved value less a purchase fee, with small weekly repayments until the GC pays or up to 60 days. No wire or transfer fees, no required contact with the GC during the pay period, and pricing based on a daily rate tied to days accelerated.
• Turner Accelerated Payment Program (Turner APP powered by Billd) White-labeled early payment program for subcontractors working on Turner Construction projects. Trade contractors receive accelerated payment within 5 business days of the period through date on submitted invoices, with no credit checks, no underwriting, flexible enrollment, and a fee based on a daily rate determined at enrollment and tied to days accelerated. No platform or enrollment cost to subcontractors.
• Predictable Pay Fully managed early pay platform for general contractors that enables subcontractors on their projects to receive accelerated payment on approved invoices as quickly as the next business day. Billd handles onboarding, technology, payment processing, and subcontractor support. GCs can choose self-funded, third-party funded, or hybrid funding models and integrate with existing pay app review and approval workflows.
• Flex Line Line of credit solution for commercial subcontractors providing flexible capital access beyond individual material financing or pay app advance transactions, used for working capital needs across projects.

Quantifiable outcome

• Subcontractors who used early pay programs maintained or improved profitability compared to those who did not, achieving 24% profit margin versus 17%
• +5 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor, flagship and core.

• BigRentzminorStrategic or Co-development Partner · 1 January 2024BigRentz, a construction equipment rental platform, partnered with Billd in 2024 as part of the industry's shift toward digitalization. The partnership is noted as part of the broader equipment rental market's digital transformation, with Billd's financial services integrated into or alongside BigRentz's platform.
• Turner ConstructionflagshipStrategic or Co-development PartnerTurner Construction partnered with Billd to power the Turner Accelerated Payment Program (Turner APP powered by Billd), an elective program giving trade contractors on Turner projects fast, predictable payments tied to pay app submission. Billd handles the technology platform, payment processing, and subcontractor support while Turner provides the captive subcontractor network. Turner absorbs late payment risk.
• Dodge Construction NetworkcoreTechnology or IntegrationDodge Construction Network is a technology integration partner that connects Billd's financial services into the Dodge platform, enabling subcontractors to access Billd's financing solutions within the Dodge construction management ecosystem. Billd's partner network serves over 8.9 million users including through this integration.
• KnowifycoreTechnology or IntegrationKnowify is a construction management software platform integrated with Billd, allowing subcontractors to access material financing and pay app advance services directly within their project management workflows.
• PlanHubcoreTechnology or IntegrationPlanHub is a construction prequalification and project management platform that integrates Billd's financial services, enabling subcontractors to access working capital solutions within the PlanHub workflow for project bidding and execution.
• Suppliers (Materials Suppliers and Manufacturers)coreChannel Partner/ Reseller/ DistributorBilld works with materials suppliers and manufacturers across the U.S. (no restricted supplier list) who refer subcontractors to Billd's financing program. Billd pays suppliers upfront, enabling subcontractors to access cash discounts while maintaining up to 120-day payment terms. Over 1,000 suppliers have been paid through the platform.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Built Technologies: Built Technologies is a construction finance and loan management platform serving developers, GCs, and lenders. It overlaps with Billd on construction lending workflows and pay-app based capital deployment.
• Levelset (Procore Pay): Levelset (now part of Procore) manages construction lien rights, payment exchanges, and receivables tracking for subcontractors. It addresses the same payment-cycle pain points Billd solves and increasingly overlaps on early-pay.
• Payapps: Payapps is a construction progress-claim and pay-app management platform connecting GCs and subs. It is comparable to Billd because it sits at the same pay-app workflow where Billd originates Pay App Advance financing.
• Plastiq: Plastiq is a B2B payments and short-term financing platform that lets SMBs pay supplier invoices via card or working capital. It is comparable to Billd in offering short-tenor trade financing to SMBs.

Broad incumbents

• Taulia (SAP): Taulia is a supply chain finance and dynamic discounting platform owned by SAP. It is a broader incumbent offering invoice-based working capital to suppliers, overlapping conceptually with Billd's pay app and supplier early-pay offerings.
• Billtrust: Billtrust is a B2B order-to-cash and accounts receivable automation platform. It is a broad incumbent providing payment-cycle and AR financing tools that overlap with Billd's pay app advance value proposition.
• Procore: Procore is the dominant construction management platform with embedded payment, lien waiver, and (via Levelset) early-pay capabilities. It is comparable to Billd as the platform layer where construction payment workflows increasingly consolidate.

Emerging players

• Rabbet: Rabbet is a construction finance platform for real estate developers, providing draw management and lender coordination. It overlaps with Billd in applying fintech to construction capital flows, though focused on the developer/lender side.
• Resolve: Resolve is a B2B net-terms and working capital fintech for SMBs. It is an emerging player that competes for the same short-tenor trade financing wallet that Billd addresses for construction subcontractors.

Others

• Material Bank: Material Bank is a construction material marketplace for designers and trade pros. It is adjacent to Billd through shared supplier relationships and could become a financing integration or competitive point-of-sale for material financing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Billd_co
• YouTubeyoutube.com/@billd_co
• Facebookfacebook.com/billdco
• LinkedInlinkedin.com/company/billdco
• Instagraminstagram.com/billd_co

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds6 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Billd