Constrafor Revolutionizes Construction Procurement & Risk Management

Ever wondered how the construction industry could be more efficient?  Starting our journey in 2019, we've had our eyes set on becoming the leading end-to-end procurement & risk management platform for U.S. general contractors.

Our CEO, Anwar Ghauche, recently had an insightful chat with Roland Siebelink on the Midstage Startup Momentum Podcast. They peeled back the curtain on what makes Constrafor tick. Intrigued? Here are some key takeaways:

• We're not your run-of-the-mill startup. We opted for an indirect monetization method. Why? Keep reading.
• We didn't jump headfirst into product development. Instead, we conversed with potential customers, understanding their needs.
• Think a product-led company doesn't need a sales team? Think again. Our sales team plays a pivotal role.
• At Constrafor, customer success isn't a department – it's a culture. Everyone chips in.
• Anwar spilled the beans on how he manages employees who veer off our values.
• We believe in the power of unity. We measure success with company-wide KPIs, not individual ones.

Curious about what Constrafor does? Let's dive in. We're a lifesaver for contractors and construction managers, helping them onboard and pay subcontractors. We're their one-stop-shop for everything – prequalifying subcontractors, managing contracts, tracking insurance, and handling invoices. And that's not all. We're there for the payments and even assist contractors in tracking their expenditure on minority subcontractors for government projects.

Here's the thing: our platform isn't for everyone. It's for those managing hundreds of subcontractors, where our value really shines through. And the best part? Our price point is surprisingly low.

In 2022, we added another feather to our cap with our early-pay program. Imagine subcontractors being funded directly under approved invoices. Yes, that's us speeding up cash flow in large construction projects.

We've got our finances figured out too. Our credit facilities are separate from our equity, which takes care of our payroll. Our unique business model offers our tech at a low price to contractors and subcontractors. We generate most of our income through the early-pay program. It's like providing a more flexible, cheaper bank for subcontractors.

So, what's Constrafor in a nutshell? It's a construction procurement & risk management platform with a heart for construction financing. This combo is our mission and a lifesaver for subcontractors. With the current economic climate of tightening liquidity and rising interest rates, coupled with booming construction activity, there's a growing demand for our services.

Want to hear more about our journey and how Constrafor can revolutionize your procurement process? Give the full podcast a listen here. We're committed to offering you the best solutions for your construction needs. Join us in making construction procurement & risk management a breeze.