Struxtion
Struxtion is a fintech providing working capital to commercial construction subcontractors via an online platform.
Founded
2019Struxtion is a fintech providing working capital to commercial construction subcontractors via an online platform.
Founded with a mission to streamline financial operations in the commercial construction industry, Struxtion is a fintech startup that offers working capital solutions to subcontractors. The company’s vision is to empower subcontractors by providing them with a secure and scalable source of capital through its proprietary online financing platform. Struxtion advances cash based on revenue, enabling subcontractors to take on more projects without financial strain. The platform is designed to be user-friendly, allowing easy sign-up, borrowing, account management, and additional funding requests.
Struxtion has attracted notable venture capital backing, highlighting investor confidence in its innovative approach to construction finance. The company has made significant strides in addressing the $860 billion commercial construction market, offering industry-specific workflows that include multiple payment options, electronic lien waivers, and digital joint checks. By simplifying access to capital and improving financial transparency, Struxtion has had a substantial impact on the operational efficiency and growth potential of subcontractors in the construction sector.
Companies similar to Struxtion include BuildrFi, Truss, Earlytrade and BuildPlane.
Struxtion was founded in 2019.
Struxtion's headquarters is located in Cincinnati, OH, US.
Struxtion's most recent funding round was for $5.5M (USD) in November 2021.
As of Nov 1, 2021, Struxtion has disclosed funding of $5.5M (USD). Undisclosed round amounts are excluded.
Struxtion has 6 employees as of Feb 4, 2024.
BuildPlane
