What Constrafor does

Constrafor, Inc., founded in 2019 and headquartered at 66 Hudson Blvd East in Manhattan, operates a cloud-based construction procurement and fintech platform targeting US general contractors and subcontractors. The platform combines a Risk Management Suite for General Contractors — including subcontractor prequalification, contract management, certificate of insurance (COI) tracking, invoice management, payment processing, and diversity procurement tracking — with a Growth Solutions suite for subcontractors centered on the Early Pay Program (EPP), which finances approved invoices and reduces payment cycles from an industry-standard 83 days to 1–2 days. An AI module called Insurance CoPilot automates parsing and compliance review of complex insurance documents, and a sub-brand called Cru offers AI-powered financial management for subcontractors.

The business model is hybrid. SaaS subscription revenue comes from GCs on ACV-tiered annual contracts ranging from $13,500 (sub-$500M ACV) to $40,000 ($1B–$3B ACV) with custom pricing above $3B. Transaction revenue comes from the Early Pay Program, where subcontractors pay weekly fees of 0.33%–0.40% plus upfront fees of 0.50%–1.00%, with optional monthly subscriptions at Gold ($1,750/month) and Platinum ($3,500/month) tiers, and a minimum platform fee of $100 per GC transaction and $250 per subcontractor transaction. GCs can also earn rebate revenue on subcontractor early payments through a no-cost partnership program, converting the platform into a distribution channel that lowers customer acquisition cost.

Constrafor distributes primarily through direct enterprise sales, a subcontractor self-serve onboarding motion, and native integrations with the dominant construction software stacks (Procore, Autodesk Construction Cloud, Viewpoint Vista via Ryvit, Sage 300, and CMiC). The company has raised approximately $21M in disclosed equity (including a $6.3M seed led by FinTech Collective in June 2022, a $7.5M round led by Motive Partners in April 2023, and a $14M Series A led by NFX in November 2024) plus a $250M credit facility from Wafra and Crestline. Operational scale cited by the company includes a 40,000+ contractor network, 7,000+ projects managed, $500M+ in invoices managed, $125M+ in invoices financed, and $10B+ in COIs managed.

Name

Constrafor

Legal name

Constrafor, Inc.

Website

https://constrafor.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Constrafor is a cloud-based construction procurement and fintech platform that combines risk management software for general contractors with an invoice-financing Early Pay Program for subcontractors, integrated with Procore, Autodesk, Viewpoint, Sage, and CMiC.

Ownership category

akta.pro rank

Product category

Construction Procurement Software

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Contract Administration Support (PO/Contract Compliance) (BPAAAJAE)

akta.pro secondary industry

Vendor & Contract Management (Software/Cloud) (BPAEAOAD)

Keywords

• Construction procurement software
• Invoice financing platform
• Subcontractor risk management
• Certificate of insurance management
• Construction early payment

Headquarters

HQ city

Manhattan

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscriptions: Annual subscription fees for GC software platform based on company size (ACV tiers). Includes access to procurement, contract management, COI tracking, invoice management, and payment processing modules.
2. Early Pay Program (Invoice Financing): Invoice factoring service where subcontractors pay a weekly fee (0.4% for Blue tier) for early payment on approved invoices. Additional subscription tiers (Gold at $1,750/month, Platinum at $3,500/month) offer lower rates.
3. Platform Fees: Variable platform fees applied as a percentage to each transaction on the payment platform. Minimum Platform Fee of $100 applies to all GC transactions and $250 for subcontractor transactions.
4. Rebate Revenue from Early Pay: GCs earn rebate revenue when subcontractors receive early payments through the Early Pay Program, turning accounts payable into a profit center.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Constrafor operates a cloud-based SaaS platform that provides construction procurement and risk management software for general contractors and invoice financing (Early Pay Program) for subcontractors. The platform includes modules for contract management, COI tracking, subcontractor prequalification, invoice management, payment processing, diversity procurement tracking, and AI-powered insurance document review (Insurance CoPilot).

Product overview

Constrafor is a construction procurement and financial technology platform offering an integrated suite of risk management software and growth solutions for the construction industry. The platform consists of a core Risk Management Suite for General Contractors paired with a Growth Solutions suite for Subcontractors, built around the flagship Early Pay Program (EPP) for invoice financing. Key modules include Insurance CoPilot (AI-powered insurance document review), Subcontractor Prequalification, Contract Management, COI Management, Invoice Management, Payment Processing, and Diversity Procurement Tracking. For subcontractors, the Early Pay Program enables invoice financing with 48-hour payments, while Cru provides AI-powered financial clarity. The platform integrates with major construction management and ERP systems including Procore, Autodesk Construction Cloud, Viewpoint Vista, Sage 300, and CMiC.

Differentiator

Problem solved

Functional benefit

Brands

• Insurance CoPilot: AI-powered risk assistant for insurance document review, enabling automatic parsing and review of complex insurance documents including Acord Form, Endorsement, Policies, Privity language, and Additional Insureds.
• Early Pay Program (EPP)
• Cru

Products and services

• Early Pay Program (EPP) Invoice financing solution enabling subcontractors to receive early payment on approved invoices within 48 hours. Combines elements of credit lines and bank loans with flexible access, payment only for funds used, and tiered subscription pricing (Blue, Gold, Platinum).
• Risk Management Suite for General Contractors Cloud-based construction-first risk management software enabling general contractors to automate and integrate procurement workflows, lower administrative costs, improve invoice tracking, and reduce project risks with better reporting and forecasting.
• Insurance CoPilot (AI Risk Assistant) AI-powered insurance document review tool that automates parsing of complex insurance documents (Acord Forms, Endorsements, Policies) and compares coverage to project requirements for compliance verification. Claims 80% reduction in insurance review time.
• Subcontractor Prequalification Solution allowing general contractors to streamline prequalification of trade partners with customizable master forms that can be adapted to specific project requirements, improving submission rates and reducing subcontractor default risk.
• Contract Management All-in-one contract administration solution enabling contractors to store, manage, sign, and track documents. Includes template usage, change tracking, automated e-signatures, and integration with invoices and payments.
• COI Management (Certificates of Insurance) Cloud-based solution for requesting COIs from trade partners, automating renewal notifications, managing approvals, and tracking real-time reports. Supports OCIPs and CCIPs and integrates with project management tools.
• Invoice Management Module helping general contractors track subcontractor invoice and payment statuses, generate project or contractor-level reports, and review outstanding invoice approvals and payments.
• Payment Processing Payment automation module enabling general contractors to send and receive payments electronically. Includes integration with ERP systems, payment holds for compliance, and optional Early Pay Program integration for accelerated subcontractor payments.
• Diversity Procurement Tracking Software enabling general contractors to track diversity requirements for projects including WMBE, LBE, SBE, SDVOB certifications at federal, state, and local levels. Includes automated verification, real-time tracking, and supply chain diversity reporting.
• Cru (AI Fractional CFO) Intelligent CFO suite built for construction subcontractors providing financial clarity. Includes Gmail-based financial data processing and cash flow automation. Sub-brand of Constrafor.
• GC Early Pay Partnership Program Partnership program enabling general contractors to offer Early Pay to their subcontractor network at no cost. GC earns rebate revenue on accounts payable, stabilizes projects through faster subcontractor payments, and attracts quality subcontractors.

Quantifiable outcome

• Reduces invoice payment cycle from 83 days to 48 hours
• +4 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

• CMiCcoreTechnology or Integration · 9 May 2025AI-powered insurance review integration combining Constrafor's AI technology with CMiC's ERP platform to improve workflows and risk management in construction projects. Aims to enhance compliance efficiency and reduce time and risks associated with insurance document reviews.
• HSE ContractorsstrategicStrategic or Co-development Partner · 16 October 2023Partnership with construction project management and scheduling firm. Combines HSE's Critical Path Method (CPM) expertise and project management mastery with Constrafor's fintech and AI-driven risk management solutions. Aims to deliver financial sustainability and operational efficiency for construction projects.
• RyvitcoreTechnology or Integration · 20 January 2023Integration partnership for Viewpoint Vista ERP. Ryvit serves as marketplace for construction technology, enabling Constrafor to seamlessly integrate invoice management and contract administration with Viewpoint Vista.
• Autodesk Construction CloudcoreTechnology or Integration · 5 October 2022Integration allowing Autodesk Build and BIM 360 users to embed Constrafor's procurement software in their Insights Dashboard or Project Home Dashboard. Enables streamlined task management and transparency in payment processes.
• ProcorecoreTechnology or Integration · 6 April 2021Integration allowing Procore users to seamlessly sync accounts with Constrafor and access procurement and payment tools directly from Procore platform. Enables contract, COI, diversity certification, and invoice management within Procore.
• Turner ConstructionstrategicChannel Partner/ Reseller/ DistributorTop GC in the US that has embraced accelerated payments through Constrafor's Early Pay Program, demonstrating industry leadership in subcontractor payment practices.
• AlstonminorChannel Partner/ Reseller/ DistributorGeneral contractor partner offering Early Pay Program to subcontractors through Constrafor.
• NujakminorChannel Partner/ Reseller/ DistributorGeneral contractor partner offering Early Pay Program to subcontractors through Constrafor.
• RestaniminorChannel Partner/ Reseller/ DistributorGeneral contractor partner offering Early Pay Program to subcontractors through Constrafor.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BILL Holdings: BILL provides AP automation, spend management, and embedded payments for SMBs and mid-market — a broader fintech competitor with comparable subscription-plus-transaction economics to Constrafor's subscription-plus-fee model.
• Autodesk Construction Cloud: Autodesk Construction Cloud (Build, BIM 360) hosts Constrafor's embedded procurement tools and competes for project-level procurement, payments, and document workflows in the same GC buyer base.
• Procore Technologies: Procore is the leading construction management SaaS platform and Constrafor's most important distribution partner through the Procore Marketplace. Its broader portfolio (project management, financials) overlaps with Constrafor's procurement and payments modules.
• Textura (Oracle Construction and Engineering): Oracle's construction and engineering applications (formerly Textura) handle construction payments, lien management, and project controls, overlapping with Constrafor's invoice and contract management modules.

Direct peers

• Built Technologies: Built Technologies provides construction-specific lending, payments, and AP/AR automation for general contractors and subcontractors — directly competing with Constrafor's Early Pay Program and procurement software.
• Levelset (a Procore company): Levelset digitizes lien waivers, payment exchange, and compliance for construction projects; now part of Procore. Competes head-on with Constrafor's contract, COI, and payment workflow modules.
• Rabbet: Rabbet offers construction finance and draw management for lenders and builders, including lien waiver and document automation — a directly comparable fintech-for-construction platform targeting the same GC/sub pain points.
• Payapps (a Trimble company): Payapps automates construction progress payments and approvals between GCs and subcontractors, closely overlapping with Constrafor's invoice management and Early Pay offerings.

Emerging players

• CMiC: CMiC provides construction ERP and is both an integration partner and adjacent competitor; its recently announced AI insurance-review partnership with Constrafor positions it as both ally and competitor in contract/COI workflows.
• Newforma: Newforma focuses on project information management and contract administration for AEC firms — an emerging adjacent competitor in the contract and document workflows Constrafor has productized for construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/constrafor
• YouTubeyoutube.com/@constrafor
• Facebookfacebook.com/Constrafor
• LinkedInlinkedin.com/company/constrafor
• Instagraminstagram.com/constrafor

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds9 records

Investors20 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 Constrafor