Truss is a financial technology platform that facilitates secure and efficient money transfers specifically for construction businesses, addressing the industry's cash flow challenges. By streamlining payment processes and improving transaction visibility, Truss enhances financial management for contractors and suppliers.
Funding
$5.9M 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 businesses often face challenges with cash flow due to slow payment cycles, reliance on manual processes like checks, and a lack of integrated financial tools. These inefficiencies can lead to delays, increased administrative overhead, and difficulty managing expenses effectively.
Solution
Truss offers an all-in-one banking solution tailored for the construction industry, streamlining financial workflows and improving cash flow management. The platform provides tools for both accounts payable and accounts receivable, enabling contractors to send and receive payments faster and more efficiently. Truss eliminates the need for manual check processing by offering free ACH transfers, online bill pay, and digital payment acceptance. Additionally, Truss offers business checking accounts with enhanced FDIC insurance through Thread Bank, as well as unlimited cards with real-time spend controls for expense management.
Target Audience
Truss primarily targets contractors, subcontractors, and construction businesses of all sizes seeking to optimize their financial operations and improve cash flow.
Features
- Free ACH and card payment acceptance
- On-site mobile check deposits
- Custom-branded payment portal
- Online bill pay with free ACH transfers
- Integrated approval workflows for payables
- Business checking accounts with up to $3M FDIC insurance through Thread Bank
- Unlimited cards for staff with individual spend controls and project tagging
- Mobile receipt capture and smart expense filtering
- Integration with accounting systems via Plaid or CSV import