Business Insider asked some of the top fintech investors to recommend up-and-coming B2B fintech companies to watch. Built made the list of 38 fintech startups investors are watching.
For the complete list, visit Business Insider.
Cited by: Index Ventures (Investor)
Total raised: $55 million
What it does: A provider of construction finance technology, Built ensures efficient flow of money between all parties of a project. The Nashville-based startup offers updates in real-time to mitigate risk and speed up the process.
Why it’s hot in 2020: “Every year, banks lend trillions of dollars to builders to fuel the construction market. But most banks still rely on spreadsheets and paper to manage payouts — leading to project delays and additional costs,” Index Ventures’ Goldberg said. “Built is creating a new category of software to bring this market into the 21st Century. Based in Nashville, it’s one of the fastest-growing (and least well known) companies in our early stage portfolio.”Topics: CONSTRUCTION FINANCE