Struxtion

ConstructionOhio, United States2-10 Employees

Struxtion is a technology enabled financial services and vertical banking solution for commercial construction.  Our products are built solely for construction resulting in increased operating efficiencies, accelerated payments, and reduced risk for all stakeholders in the value chain.  
 
In general, banks provide universal offerings such as deposit accounts, payments, and debit/credit products.  However, the flow of capital in the commercial construction industry is unique representing over $1 T in annual revenue and more than $5T in annual payments.  The complexity of the financial supply chain and necessary risk mitigation measures that are required to protect margins further exacerbate the inefficiencies attributed to the flow of capital, a key component to keeping the gears of construction moving.  

In order to address these challenges, commercial construction requires specialized financial product offerings that utilize technology whiling embracing necessary construction related tools such as flexible payment options, lien waivers, joint checks, and integrated financing.   Struxtion is that solution.  Leveraging embedded banking features, Struxtion’s technology platform creates construction focused offerings for general contractors such as ACH & paper check payments with embedded lien waivers, integrated early payments options, and funds control.  Struxtion provides the only payment solution in the industry that offers both ACH and paper checks capable of paying vendors and sub contractors while including construction specific workflows like electronic lien waivers and integrated early pay.

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