About

GetBuilt.com offers financial and project management tools specifically designed for the construction industry. Their software helps construction contractors, lenders, and real estate developers manage project costs, payment processing, and financial reporting. The platform allows users to generate detailed job cost reports, which are essential for tracking expenses and profitability. It also supports electronic payment processing and lien waiver management. GetBuilt.com operates on a Software-as-a-Service (SaaS) model, where clients pay subscription fees to access various features, making it suitable for both small contractors and large firms. What sets GetBuilt.com apart from competitors is its focus on addressing the unique financial needs of the construction sector, particularly during economic uncertainties. The company's goal is to streamline financial management for its clients, making project management more efficient and effective.

Simplify's Take

What believers are saying

• The recent strategic investment from Citi signals strong financial backing and potential for accelerated growth.
• The appointment of experienced executives like Carnell Elliott and Sam Kemp strengthens Built's leadership team, positioning the company for strategic expansion.
• Acquisition of Nativ expands Built's product suite, making it a more comprehensive solution for commercial real estate lenders.

What critics are saying

• The construction and real estate sectors are highly cyclical, which could impact Built's revenue during economic downturns.
• Integration challenges with newly acquired companies like Nativ could divert focus and resources, potentially slowing innovation.

What makes Built Technologies unique

• Built Technologies focuses exclusively on the construction and real estate sectors, providing specialized financial tools that address industry-specific pain points.
• Their SaaS model ensures continuous revenue and allows for regular updates, keeping the platform aligned with evolving industry needs.
• Strategic investments from major financial institutions like Citi enhance Built's credibility and financial stability.

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