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Construction payment and credit solutions provider, Handle.com, has recently garnered investments from Amex Ventures and Suffolk Technologies, the venture capital arm of Suffolk Construction. The financial details of the deal remain undisclosed.
The injection of funds is earmarked to propel Handle.com’s growth trajectory, amplifying its influence on the digital transformation of financial processes within the construction value chain.
Under the leadership of CEO Patrick Hogan, Handle.com specializes in simplifying and streamlining payment procedures for construction professionals. By automating intricate construction-specific payment workflows, the solution empowers some of the largest credit and finance teams in the construction sector, offering substantial time and cost savings associated with monitoring project payment statuses and safeguarding cash flows.
Commenting on the recent development, Patrick Hogan expressed, “With the backing of Amex Ventures and Suffolk Technologies, we are strategically positioned to expedite our technological advancements, delivering even greater value to our customers. We eagerly anticipate the opportunities these partnerships present to unlock positive impacts on the construction industry.”
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By Proptechbuzz
By Ravi Kumar
