The construction finance ecosystem is an intricate web of different technologies, each designed to increase the speed of money through the industry. Built has built its business on empowering the entire construction industry to work smarter together. Its platform solution includes software, payments and B2B marketplaces. As part of its mission, Built is focused on making the world of building better. Founded in 2010, Built is a Nashville-based technology company devoted to changing the way the world gets built. The Built ecosystem connects lenders, builders, and customers. Its platform enables the construction industry to operate more efficiently. It also helps build stronger customer relationships. Its implementation team helps lending banks streamline and improve their construction loan portfolio. click for more details about this payment solution. With a focus on the construction finance ecosystem, Built brings the fastest and safest construction loans to market. The company also specializes in helping investors manage their entire portfolios. In a recent case study, the company raised $215 million in a series D funding round. The construction industry is a huge market. The U.S. construction industry is worth $1.58 trillion, and the global construction market is estimated to be worth $10 trillion. The lack of access to capital and the high cost of capital makes it difficult for trade contractors to take on new projects. By leveraging fintech, companies like Built can overcome the many hurdles in the construction finance ecosystem. The startup is committed to changing the way the industry does business. The construction finance ecosystem is an ecosystem of connected entities that connects lenders, borrowers, and customers. Through this ecosystem, lenders can maximize their efficiency, mitigate their risk, and improve customer relationships. This way, they can complete construction projects faster and more profitably. The implementation team at Built helps lending banks get the construction loan portfolios they need. With their new platform, lenders can focus on improving customer experience and building brand loyalty. The Built platform has the capabilities to connect everything from borrowers to title companies, enabling them to close more transactions with contractors, discover more here. The construction industry is a huge industry that is largely unregulated and underserved by banks. However, with the right technology, it can thrive in both the U.S. and globally. The U.S. construction market alone is worth $1.58 trillion. This is a huge market, so the construction finance ecosystem needs to work together with other industries in the same sector to increase the speed of money throughout the industry. The platform can help banks manage their construction loan portfolios and reduce their risk and improve customer experience. One such platform is Built. It was founded in 2014 and aims to improve communication between banks and borrowers. Today, it has over 150 lenders on its platform, representing more than $80 billion of unique construction dollars. Its platform is a system of record for lenders' and builders' capital portfolios, and it follows the money from the lender to the builder and the owner. By creating a bridge between lenders and builders, Built is helping the entire construction industry move faster and more profitably. Check out this related post to get more enlightened on the topic: https://en.wikipedia.org/wiki/Floor_loan.
0 Comments
Leave a Reply. |
ArchivesCategories |