Powering Smarter Construction Finance

Business Insider Recognizes Built as Breakout B2B Star

Posted by Mary Carol Coleman on Aug 13, 2020 at 11:00 AM

Business Insider asked some of the top fintech investors to recommend up-and-coming B2B fintech companies to watch. Built made the list of 38 fintech startups investors are watching. 

For the complete list, visit Business Insider.


Built

 

Chase Bus Insider Photo

Chase Gilbert, Built CEO and cofounder 
Built

Cited by: Index Ventures (Investor)

Total raised: $55 million

What it does: A provider of construction finance technology, Built ensures efficient flow of money between all parties of a project. The Nashville-based startup offers updates in real-time to mitigate risk and speed up the process. 

Why it's hot in 2020: "Every year, banks lend trillions of dollars to builders to fuel the construction market. But most banks still rely on spreadsheets and paper to manage payouts — leading to project delays and additional costs," Index Ventures' Goldberg said. "Built is creating a new category of software to bring this market into the 21st Century. Based in Nashville, it's one of the fastest-growing (and least well known) companies in our early stage portfolio."

Topics: FinTech, B2B, Startup

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