Copay provides infrastructure to accelerate money movement across the construction supply chain, offering main contractors and subcontractors flexible, debt-free access to cashflow. This solution allows contractors to unlock payments directly from clients, improving working capital management for all parties involved. The platform delivers full payment transparency through a portal for 24/7 access to invoice data.
Funding
Funding not disclosed
Founders
Product
Problem
Subcontractors in the construction industry often face financial strain due to delayed payments, hindering their ability to manage cash flow effectively. This can lead to project delays, supply chain disruptions, and increased financial risk for all parties involved.
Solution
Copay offers a dynamic discounting platform that enables main contractors to make early payments to their supply chain, unlocking significant cost savings and improving overall cash flow management. Subcontractors gain hassle-free access to accelerated cash flow without incurring debt or relying on external funding sources. The platform provides a win-win solution by allowing main contractors to generate high-yield returns on cash while simultaneously strengthening their supply chain resilience. Subcontractors benefit from flexible payment terms and real-time access to invoice information through a dedicated portal.
Target Audience
Copay targets main contractors in the construction industry seeking to optimize their cash flow, reduce costs, and strengthen their supply chain, as well as subcontractors looking for flexible and affordable access to working capital.
Features
- Dynamic discounting tool that optimizes early payment terms for maximum cost savings
- Integration with COINS ERP system for seamless payment processing
- Secure online portal providing 24/7 access to invoice and payment data for subcontractors
- Real-time visibility into payment status and cash flow projections
- Automated payment workflows to streamline the early payment process
- Tools to improve supply chain resilience by reducing financial distress among subcontractors