Full-Time

Vice President

GM of Payments Product

Posted on 12/16/2024

Billd

Billd

51-200 employees

Financing service for construction subcontractors

No salary listed

Expert

Austin, TX, USA

Hybrid work model allows employees to work from home one day per week.

Category
Corporate Finance
Finance & Banking
Required Skills
Product Management
Requirements
  • 10+ years in financial services, supply chain finance, payments, product management, or related industries.
  • Proven success in launching or scaling new business lines or products.
  • Strong understanding of general contractor operations, accounting, and payment systems.
  • Bachelor’s degree in Business, Finance, or related field; MBA highly preferred.
  • Founder Mentality: Entrepreneurial, ambitious, and passionate about building from scratch.
  • Strategic Visionary: Ability to see the big picture and execute detailed plans.
  • Collaborative Leader: Strong team-building and cross-functional leadership skills.
  • Customer-Centric: Adept at understanding and meeting the needs of contractors and subcontractors.
Responsibilities
  • Develop the vision, business model, and go-to-market strategy for the GC Payments.
  • Build the business from the ground up, leveraging Billd’s existing infrastructure.
  • Work closely with general contractors to understand their needs and drive product adoption.
  • Own the P&L for the GC Payments Product and ensure sustainable profitability.
  • Oversee ERP and payment system integrations to streamline processes and enhance customer experience.
Desired Qualifications
  • MBA highly preferred.

Billd provides financial solutions specifically designed for subcontractors in the construction industry. The service helps these subcontractors manage their cash flow by offering upfront financing, allowing them to pay for materials and labor without waiting for payments from general contractors or project owners. Subcontractors can quickly enroll in the service, strategize their needs with a Billd representative, and receive the necessary funds in a streamlined process that takes less than three minutes. Unlike many competitors, Billd focuses solely on the construction sector, ensuring that its services are tailored to the unique challenges faced by subcontractors. The company's goal is to improve cash flow management for subcontractors, enabling them to take on new projects and meet immediate expenses while ensuring a secure and transparent financing process.

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$207.5M

Headquarters

Austin, Texas

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with American Express enhances market reach and financial solutions for contractors.
  • $17.5M funding round enables product expansion and growth acceleration for Billd.
  • Collaboration with BigRentz broadens customer base and enhances service offerings.

What critics are saying

  • Increased competition from digital payment platforms like BILT in the construction industry.
  • Reliance on outdated payment methods like paper checks poses a risk to digital solutions.
  • High days sales outstanding in construction could disrupt Billd's cash flow management.

What makes Billd unique

  • Billd offers project-based financing tailored for construction subcontractors' unique cash flow needs.
  • The company provides quick enrollment, taking less than three minutes for subcontractors.
  • Billd's patented credit evaluation method offers more accurate credit assessments for projects.

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Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

14%

1 year growth

-2%

2 year growth

14%
PYMNTS
Dec 15th, 2024
Breaking Ground: Solving Construction’S Delayed Payments With Digital Tools

01 Payment delays have become a defining challenge in the construction industry, where manual payment systems lead to persistent cash flow constraints. 02 Slow payments not only raise costs but also contribute to labor shortages in construction, calling for solutions that go beyond payments innovation to ensure a stable workforce. 03 Digital payment innovations empower construction businesses to unlock measurable value through improved cash flow management and stronger developer-contractor relationships. 04 PYMNTS Intelligence presents a guest feature by Nate Henderson, Chairman & CEO of BILT, on how his company is providing technology solutions to the labor shortage that is deeply interwoven with late payments in the construction industry.Systemic payment inefficiencies in the construction industry hamper timely project completion and drive higher costs. General contractors spend more time managing payments than they did in 2023, despite the growing availability of digital payment tools. Meanwhile, payment uncertainty impacts the labor supply chain

PR Newswire
Dec 3rd, 2024
Billd Teams Up With American Express To Help Suppliers Extend Flexible Finance Terms Across The $1.5 Trillion U.S. Construction Industry(1)

Billd and American Express have teamed up to address payment challenges in construction by offering eligible commercial contractors of American Express merchants flexible working capital options through the Amex referral partnership.AUSTIN, Texas, Dec. 3, 2024 /PRNewswire/ -- Billd, a leading financial services provider for commercial contractors, is teaming up with American Express to help business-to-business (B2B) suppliers, who accept Amex, extend payment terms to their buyers. The collaboration enables contractors to preserve their existing cash flow and credit lines and allows suppliers to offer terms they are not able to support in-house. The move drives flexibility for contractors, reduces risk for suppliers, and solidifies strong working relationships across the purchasing ecosystem. Contractors need to pay for labor and materials up front, which strains their working capital and limits their options for growth. According to the 2024 National Subcontractor Market Report, they wait an average of 57 days before being repaid

Finsmes
Oct 29th, 2024
Billd Raises $17.5M in Funding

Billd raises $17.5M in funding.

PR Newswire
Oct 29th, 2024
Billd Secures $17.5M Funding Round to Supercharge Growth, Expand Product Suite

/PRNewswire/ -- Billd, the leading provider of financial solutions for commercial subcontractors, announced its latest investment round today, securing $17.5M...

Fundingo
Sep 18th, 2024
Boosting Financial Accessibility Billd s Experience with Fundingo s Platform

Boosting financial accessibility Billd s experience with Fundingo s platform.

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