by Y Combinator8/2/2017
The construction industry has the longest payment times of any industry, tying up over one trillion dollars every year. Currently, even a small commercial construction project can produce hundreds of pages of billing documents that require several layers of approval every month before payment is sent to vendors.
Net30 is solving this problem by automating the existing paper-based processes and providing instant access to liquidity through early payment discounts. Founders Casey Bell and Anthony Cirinelli have over 10 years of experience in the commercial construction industry and deeply understand the problems they’re solving.
You can learn more here:
TechCrunch – Net30 wants to fix the construction industry’s payments problem
Y Combinator created a new model for funding early stage startups. Twice a year we invest a small amount of money ($150k) in a large number of startups (recently 200). The startups move to Silicon