Construction Fintech and Series B Funding

Construction Fintech and Series B Funding

Sam Dennis Sam Dennis

Sam Dennis

Director - Financial Services and FinTech

发布日期: 2021年6月9日
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Investment funding boost for construction fintech.

 

Briq a financial planning and workflow automation platform secure impressive Series B funding led by Tiger Global Management. The latest round of funding raised $30m which is one of the largest by a construction software start-up.

 

Briq has developed technology allowing it to extract and manipulate financial data without use of APIs. In addition, it also develops data models which allows it to build out projections and create models.

 

Overall, it allows contractors to go from plan to pay on one platform. As a result, this is going to solve a long standing problem of construction projects going over budget.


Briq has a long term plan to manage 80% of the money workflows in construction within 10 years. If this is achieved it would be an amazing milestone.

Kevin Jones

Supporting technology companies with their hiring

3 年

A very interesting use of technology!

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