Handle.com, a San Francisco, CA-based provider of construction payment and credit solutions, received investments from Amex Ventures, along with Suffolk Technologies, the venture capital arm of Suffolk Construction.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its growth and its impact on the digital transformation of finance organizations across the construction value chain.
Led by CEO Patrick Hogan, Handle.com is a provider of construction payment solutions, dedicated to simplifying and streamlining payment processes for construction professionals. The solution powers some of the largest credit and finance teams in construction by automating and streamlining the complex construction-specific payment workflows, helping customers save time and costs associated with tracking project payment status and protecting cash flows.
Commenting on the news, Patrick Hogan said: “With their support, we are well-positioned to accelerate our technology development and bring even greater value to our customers. We are excited about the opportunities these relationships present to unlock and positively impact the construction industry.”
FinSMEs
07/03/2024