Constrafor Rockets into the Elite Circle of FinTech Innovation Top 50

Constrafor Rockets into the Elite Circle of FinTech Innovation Top 50

Celebrating Unprecedented Growth and Pioneering Construction FinTech Solutions

NEW YORK CITY, January 23, 2024 – Constrafor, a trailblazer in developing integrated Construction Technology (ConTech) with cutting-edge financial solutions, has been named to the esteemed 2024 FinTech Innovation Top 50. This prestigious recognition by GGV Capital U.S., in partnership with Crunchbase and a group of 44 leading VC and Private Equity Fintech investors, highlights Constrafor as one of the 50 most innovative and promising fintech companies.

Collectively, the group of honorees have raised over $12 billion, underscoring the robust interest and confidence of venture capitalists in fintech's growth and innovation. To mark this achievement, Constrafor joined fellow honorees in ringing the Opening Bell at the Nasdaq MarketSite.

Photo credit: Nasdaq

Anwar Ghauche, CEO of Constrafor, shared his thoughts: “This accolade is a vote of confidence by the VC community of our potential to continue our scaling trajectory especially after our remarkable 700% growth in 2023. It is further complemented by Constrafor's nomination as one of the Top 50 2024 ConTech Startups by CEMEX Ventures, highlighting the excitement around our construction-specific procurement platform with embedded financial solutions.”

Constrafor's inclusion in the FinTech Innovation Top 50 recognizes  its exceptional growth trajectory and its commitment to enhancing the construction industry through innovative, vertical-specific financial solutions. 

“We are witnessing a significant shift in fintech's market dynamics, with disruptors and value-added solutions gaining traction,” commented Hans Tung, Managing Partner at GGV Capital U.S. “Congratulations to all the FinTech Innovation Top 50 honorees!"

About Constrafor

Constrafor is a frontrunner in Construction Technology, offering a robust software platform that blends construction management with embedded financial solutions. Our mission is to empower construction professionals with advanced tools for risk management, Certificate of Insurance (COI) tracking, contract management, subcontractor prequalification, diversity tracking, and streamlined invoicing and payment processes, including accelerated payment solutions for subcontractors. Discover more at constrafor.com.  

About FinTech Innovation Top 50

The FinTech Innovation Top 50 is a prestigious list that highlights the most promising fintech startups. These companies are nominated and voted on by 44 investment firms in partnership with Crunchbase. For more insights into the list and its methodology, visit www.fintechinnovation50.com.

About GGV Capital U.S.

GGV Capital U.S. is an influential venture capital firm, investing in technology companies across various regions. We are dedicated to nurturing innovation and leadership in the tech industry. Find out more at www.ggvc.com and @ggvcapital.

Contact:

Jerad Ferrell, Vice President of Marketing, Constrafor

Email: press@constrafor.com
Mobile: (650) 313-6165

Christine Hinton, GGV Capital U.S.

Email: chinton@ggvc.com
Mobile: (415) 939-0139