Speedchain offers a commercial credit card designed specifically for the construction industry, linking field purchases directly to job cost codes and back‑office systems. Its AI receipt agent captures and categorises spend in real time, while dynamic spend controls and budget alerts prevent mis‑allocation, and approved transactions sync automatically with existing ERP solutions. This streamlines month‑end close, improves cost visibility, and reduces manual reconciliation for contractors.
Funding
$111M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Construction firms often struggle with delayed, inaccurate job cost tracking because field purchases lack immediate documentation, receipts are lost, and manual coding leads to mis‑allocation of expenses. This creates month‑end fire drills and outdated cost data that hinder budgeting and bidding.
Solution
Speedchain offers a commercial credit card designed for construction that captures receipts at the point of purchase, uses an AI receipt agent to extract vendor and amount, and automatically assigns the correct job code. Transactions are posted in real time and synced directly with the company’s existing ERP system, providing up‑to‑date job cost data. Dynamic spend controls and budget alerts prevent unauthorized or off‑budget purchases, while a centralized dashboard lets managers issue or adjust cards for crews instantly. The end‑to‑end workflow eliminates manual entry, reduces month‑end effort, and improves cost accuracy for every project.
Target Audience
Primary customers are construction companies and general contractors that need accurate, real‑time job cost tracking across multiple field crews and integrate spend data with their ERP systems.
Features
- AI-powered receipt capture that reads vendor and amount from a photo and requires a single tap to approve
- Automatic real‑time job costing with correct job code assignment for every transaction
- Dynamic spend controls that block wrong vendors, amounts, or job codes at the point of sale
- Budget alerts that notify managers of overspend before it occurs
- Centralized card management dashboard for issuing, adjusting, and monitoring cards across crews
- Seamless ERP integration that streams approved transactions into existing accounting systems
- Real‑time data visibility enabling current job cost reports and faster decision‑making