Australian construction fintech Earlytrade has secured approximately $14.2 million (US$10 million) in fresh funding as the company expands its presence in the United States and increases investment in artificial intelligence.
The funding round was led by S3 Ventures and Brick & Mortar Ventures. Earlytrade said the capital will support the growth of its US operations and the development of AI-powered capabilities within its subcontractor payments marketplace.
Although the company did not initially disclose the amount raised, it later confirmed that the latest round totaled about $14.2 million. With this investment, Earlytrade's total funding has reached approximately $35.5 million (US$25 million).
The latest raise follows a $12.5 million (US$8.9 million) Series A round completed in 2022 and an $8.4 million (US$6 million) funding round secured in 2019.
Founded in 2018 by Guy Saxelby and Piers Symons, Earlytrade operates a platform that enables general contractors and subcontractors to access working capital through early payment options. The company aims to help subcontractors improve cash flow while supporting smoother payment processes across construction projects.
Earlytrade said it has facilitated more than US$3 billion in early payments globally. In addition, its network has grown to more than 211,000 subcontractors.
The company entered the US market in 2024. Since then, it reports that revenue from its US business has increased sevenfold.
According to co-founder Guy Saxelby, the company's recent growth has reinforced the need to invest further in AI capabilities.
He said the business plans to develop agentic AI solutions that can operate within its subcontractor payments marketplace and support payment-related workflows.
Earlytrade estimates that the US construction industry generates more than US$2 trillion in annual output. However, subcontractors often wait between 60 and 90 days to receive payments, creating ongoing cash flow challenges.
S3 Ventures General Partner Charlie Plauche said the company has built payment infrastructure that addresses an important operational issue within the construction sector. He added that the platform's scale creates opportunities for future AI-driven applications.
Earlier this year, Earlytrade also shifted its incorporation from Australia to the United States.
The company said the decision was made to reduce the potential impact of proposed Australian capital gains tax changes on investors. According to Earlytrade, the proposed changes could have increased tax obligations for some shareholders.
Looking ahead, the company plans to expand its workforce as it continues to grow. Earlytrade said it is currently hiring across artificial intelligence, product development, and sales functions.
—----------------------
Raising capital? Explore 3,000+ PropTech and ConTech VCs in one place →https://www.proptechbuzz.com/vc
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.