Funding
Funding not disclosed
Founders
Product
Problem
Contractors often face payment uncertainty and cash flow disruptions due to delayed or disputed payments for completed work. This can lead to financial instability and hinder their ability to focus on project execution.
Solution
GRNT provides a secure, escrow-based platform for managing payments in the contracting industry. The system holds client funds upfront and automatically releases them to contractors upon verified completion and approval of project milestones. This mechanism ensures that contractors are compensated for their work, fostering trust and enabling a more predictable financial workflow. By automating the payment release process based on agreed-upon deliverables, GRNT mitigates payment disputes and provides contractors with consistent cash flow.
Target Audience
The platform serves contractors and service providers who require reliable payment assurance and clients who want to ensure project completion before disbursing funds.
Features
- Milestone-based payment escrow service for construction and service contracts.
- Automated fund release triggered by project milestone approval.
- Secure holding of client funds prior to project commencement.
- Facilitates clear communication and agreement on project deliverables.
- Designed to ensure fair compensation for completed work.