"Our payment and finance offerings are growing and, as Billd expands its reach across the construction industry, solidifying our proprietary process and technology will be a key factor in our growth strategy," said Chris Doyle, Founder & CEO of Billd. ”All of our patented, innovative payment and financing solutions put the subcontractor front and center and are designed to empower them to do the best work of their lives.”
“A strategy for protection and expansion of not only new patents related to our material financing and pay application advance products, but also trade secrets and know-how as well, if executed, will be highly valuable,” said John Cronin, Managing Director and Chairman, ipCapital Group, Inc. “Billd has created some highly innovative and unique processes that require IP protection for their continued expansion and growth, and I’m happy to be a part of it.”
Doyle and co-founder, CCO Jesse Weissburg created Billd after years of first-hand experience in the construction industry, where they saw subcontractors forced to pay for materials and labor up front while waiting 60-plus days to be paid for their completed work. Billd was the first to market with a suite of financial solutions that provide subcontractors access to extended terms on materials and immediate advances on approved pay apps. These innovative processes have helped thousands of subcontractors establish the liquidity they need to deliver work on their commercial projects.