SAN FRANCISCO--(BUSINESS WIRE)--Handle.com, a leading provider of construction payment and credit solutions, is thrilled to announce investments from different investors: Amex Ventures, along with Suffolk Technologies, the venture capital arm of Suffolk Construction. These investments highlight Handle’s continuous growth and its impact on the digital transformation of finance organizations across the construction value chain.
Handle’s solution powers some of the largest credit and finance teams in construction by automating and streamlining the complex construction-specific payment workflows, helping customers save time and costs associated with tracking project payment status and protecting cash flows.
With these investments, Handle is poised to accelerate its mission to modernize construction payments, addressing the longstanding challenges of inefficiency, complexity, and delays in the industry. Handle will deploy this capital to develop the resources and expertise to enhance its cutting-edge platform and expand its reach across the construction sector.
"These investments from Amex Ventures and Suffolk Technologies represent a significant milestone in our journey to reshape construction payments,” said Patrick Hogan, CEO of Handle. “With their support, we are well-positioned to accelerate our technology development and bring even greater value to our customers. We are excited about the opportunities these relationships present to unlock and positively impact the construction industry."
"We are excited about Handle’s efforts to provide novel digital solutions that help construction materials suppliers operate more efficiently,” said Matt Sueoka, Global Head, Amex Ventures. “Handle’s automation software and integrated payment portal are two key differentiators that make this startup stand out, and we look forward to helping them grow.”
About Handle.com:
Handle.com is a leading provider of construction payment solutions, dedicated to simplifying and streamlining payment processes for construction professionals. With its secure and user-friendly platform, Handle.com is transforming how payments are made and managed in the construction industry.