Velit Solutions
Velit Solutions is an Australian vertical SaaS company that builds ClaimBuild, a cloud and mobile platform purpose-built for the Australian insurance building and construction industry, managing the full claim lifecycle from scoping and scheduling through invoicing for insurance builders, contractors, and loss adjusters.
- Company typePrivate
- Founded2023
- HeadquartersUnderwood, Australia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Velit Solutions does
Velit Solutions Pty Ltd is an Australian private software company headquartered in Underwood, Queensland, that develops ClaimBuild, a vertical SaaS platform purpose-built for the Australian construction and insurance building industry. The platform manages the full claim lifecycle from first notice of loss through Make Safe, Major Loss, Restoration, Business-As-Usual, and Private Works, with module coverage spanning claim capture and triage, scope of works and estimation, trade scheduling, integrated finance and invoicing, operations oversight, and role-based interfaces for Coordinators, Estimators, Supervisors, Financial Officers, and Executives. Underlying technology is a cloud-based SaaS accessible via desktop and mobile (iOS, Android) with API-level integrations into Xero, MYOB, QuickBooks, Procore, and eSign providers, and domain logic specifically encoded for Australian regulations including the Security of Payment Act and AS4000/AS2124/HIA/ABIC contracts.
The company operates a per-seat subscription revenue model with five tiers ranging from Down to Business (1-10 users at ~A$137/user/month or ~A$119 annual) up to an Unlimited tier (~A$108/month or ~A$94 annual), with a 15% annual billing discount and unlimited storage and users across tiers. A secondary professional services stream offers construction industry consulting. Go-to-market is hybrid: enterprise field sales with demo booking CTAs targeting insurance builders and construction companies, paired with product-led growth via product tours and self-service onboarding for smaller teams. Distribution is entirely domestic across all Australian states and territories, from Melbourne to regional outback markets. Velit Solutions traces its origins to 2014 with ClaimBuild's first partner implementation, was formally incorporated in 2023, has 11-50 employees, and operates with no disclosed external funding, M&A activity, or subsidiary relationships.
Velit Solutions firmographics
Firmographics- Name
- Velit Solutions
- Legal name
- Velit Solutions Pty Ltd.
- Website
- https://velitsolutions.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Velit Solutions is an Australian vertical SaaS company that builds ClaimBuild, a cloud and mobile platform purpose-built for the Australian insurance building and construction industry, managing the full claim lifecycle from scoping and scheduling through invoicing for insurance builders, contractors, and loss adjusters.
- Ownership category
- akta.pro rank
Velit Solutions industry classification
Industry- Product category
- Construction Management Software
- NAICS
- Computer Systems Design Services (541512), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Claims Adjusting (524291), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Claims Management & Digital FNOL Platforms (FSAGAGAC)
Keywords
Where Velit Solutions is headquartered
LocationHeadquarters
- HQ city
- Underwood
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Velit Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Software Subscription (SaaS): Per-user subscription model with tiered pricing based on organization size. All packages include unlimited data storage, unlimited users, dedicated mobile app, quotation tools, scope of works creation, work order management, document management, communication tools, interactive scheduling, automated scheduling, financial tools, and reporting. Pricing decreases per user as team size increases, providing volume-based efficiency.
- Professional Services & Consulting: Beyond software, ClaimBuild provides expert construction industry consultations to optimize processes, overcome challenges, and drive growth through tailored partnerships and holistic business management
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Down to Business - 1-10 users, for organisations requiring 10 or less users |
| Subscription | Monthly | Expand - 11-25 users, for organisations looking to expand reach and workload |
| Subscription | Monthly | Growth - 26-100 users, for organisations experiencing or ambitious for growth |
| Subscription | Monthly | Established - 100-250 users, for organisations with expansive and established reach |
| Subscription | Monthly | Unlimited - Unlimited users, for organisations with larger volume of employees and work |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Velit Solutions product offering
Product offeringCore offering
Velit Solutions develops and sells ClaimBuild, an all-in-one cloud-based business and process management platform purpose-built for the Australian construction and insurance building industry. The platform manages the full insurance building claim lifecycle from first notice of loss through completion and invoicing, with integrated modules for scoping, estimations, purchase orders, scheduling, payments, finance, operations oversight, and integrations with accounting platforms. Beyond the software, Velit Solutions provides expert construction industry consultations to optimize processes and drive growth.
Product overview
Velit Solutions offers ClaimBuild, a unified all-in-one construction management and insurance claim processing platform purpose-built for the Australian insurance building industry. The platform consists of a core ClaimBuild product complemented by integrated modules covering Interfaces (role-based UX), Workflow Triage & Job Bookings, Estimations & Scope of Works, Purchase Orders & Scheduling, Payments & Finance, Operations & Oversight, and Integrations. ClaimBuild manages the full claim lifecycle from first notice of loss through to completion and invoicing, supporting project types including Make Safe, Major Loss, Restoration, BAU (Business As Usual), and Private Works.
Differentiator
Problem solved
Functional benefit
Brands
- ClaimBuild: An all-in-one business and process management system designed for the insurance building industry, providing unmatched scoping capabilities for handling complex claims. ClaimBuild streamlines workflows from tender through completion, managing jobs of all sizes with features including scope of works, estimations, purchase orders, scheduling, payments, finance, operations oversight, and integrations.
Products and services
- ClaimBuild All-in-one cloud-based business and process management platform purpose-built for the Australian insurance building and construction industry. Manages the full insurance building claim lifecycle from initial notice of loss through completion and invoicing, integrating scoping, scheduling, financial tracking, operations oversight, and real-time collaboration. Delivered via web and native mobile apps (iOS/Android) with role-based interfaces.
- Expert Construction Industry Consultations Professional consulting and tailored partnership services providing expert construction industry guidance to optimize processes, overcome business challenges, and drive growth through holistic business management and process automation beyond the ClaimBuild software platform itself.
Companies that use Velit Solutions
Customer profileSegments3 records
Ideal customer profiles3 records
Velit Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature10 records
Velit Solutions partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- XerocoreFinancial platform integration enabling seamless invoicing of approved purchase orders to clients with payment receipt synchronization.
- MYOBcoreAccounting platform integration allowing push and receive of information on each line item with notification capabilities for payment updates.
- QuickBookscoreFinancial platform integration for invoicing and financial management synchronization with ClaimBuild's payment and finance module.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Velit Solutions competitors and assessment
Company assessmentBroad incumbents
- Procore Technologies: Procore is the leading global construction project management platform and is explicitly listed as a Velit integration partner. While broader in scope than ClaimBuild, Procore's footprint in general contracting creates overlap in project tracking, document management, and contractor coordination for Australian construction firms.
- Aconex (Oracle Construction & Engineering): Aconex, now part of Oracle, is a construction collaboration and document control platform serving large infrastructure and commercial projects. It represents an incumbent-tier alternative for collaboration-heavy claim and project documentation workflows.
Emerging players
- Assignar: Assignar is an Australian construction workforce and asset management platform with overlapping scheduling, contractor dispatch, and field reporting capabilities to ClaimBuild's purchase orders and scheduling module.
- SafetyCulture (iAuditor): SafetyCulture is an Australian-headquartered inspection, compliance, and operations platform that overlaps with ClaimBuild's operations/oversight and compliance tracking modules for field-based construction teams.
Regional players
- Jobpac: Jobpac is an Australian construction ERP/project management suite serving builders and contractors, comparable to ClaimBuild's project, finance, and scheduling modules within the same Australian customer base.
Direct peers
- Buildertrend: Buildertrend is a leading construction project management and customer relationship platform for residential builders and remodelers, with comparable scope-of-works, scheduling, and customer communication features to ClaimBuild's project modules.
- Xactware (Verisk): Xactware is the dominant property insurance estimating and claims platform (Xactimate) used by insurers and adjusters in North America. It is the most direct comparable to ClaimBuild's scoping, estimation, and insurance claim workflow focus.
- ServiceM8: ServiceM8 is an Australian field service management app for trades and contractors, serving the same SMB construction-and-trades base as Velit's lower-tier ClaimBuild subscriptions. It competes for the office-to-field workflow slot that ClaimBuild also targets.
- Encircle: Encircle is a property claims documentation platform for insurance restoration contractors, directly competing with ClaimBuild's claim documentation, photo annotation, and scope-of-works workflows.
- Symbility (CoreLogic): Symbility is a property insurance claims management platform owned by CoreLogic, serving insurers and adjusters with mobile-first claim handling. It overlaps directly with ClaimBuild's insurance building claim lifecycle functionality.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Velit Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velit Solutions leadership team
Management profileNumber of profiles
Velit Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velit Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velit Solutions
What does Velit Solutions do?
Velit Solutions develops and sells ClaimBuild, an all-in-one cloud-based business and process management platform purpose-built for the Australian construction and insurance building industry. The platform manages the full insurance building claim lifecycle from first notice of loss through completion and invoicing, with integrated modules for scoping, estimations, purchase orders, scheduling, payments, finance, operations oversight, and integrations with accounting platforms. Beyond the software, Velit Solutions provides expert construction industry consultations to optimize processes and drive growth.
Is Velit Solutions a public or private company?
Velit Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Velit Solutions founded?
Velit Solutions was founded in 2023. It employs 11 to 50 people.
Where is Velit Solutions based?
Velit Solutions is headquartered in Underwood, Australia, in the Oceania region.
How does Velit Solutions make money?
Two revenue lines are on record. Software Subscription (SaaS) is the primary driver. The others are professional Services & Consulting.
Who are Velit Solutions's main competitors?
Broad incumbents on record are Procore Technologies and Aconex (Oracle Construction & Engineering). Emerging players are Assignar and SafetyCulture (iAuditor). Jobpac is listed as a regional player. Direct peers are Buildertrend, Xactware (Verisk), ServiceM8, Encircle and Symbility (CoreLogic).
Does Velit Solutions have an API?
No public API is recorded for Velit Solutions.
What industry is Velit Solutions in?
Velit Solutions's product category is Construction Management Software. Its primary akta.pro industry code is FSAGAGAC, Claims Management & Digital FNOL Platforms. Its NAICS code is 541512 and its SIC code is 7372.