HAANDLE

Handle.com operates as a financial technology firm targeting the complexities of the U.S. construction industry. Founded in 2019 by the team of Patrick Hogan, Blake Robertson, and Chris Woodard, the company emerged from the founders' recognition of the persistent financial challenges, specifically late payments and cash flow issues, that plague contractors and material suppliers. The founding team carries a history of collaboration, having worked together at Tenfold, a venture-backed startup that was later acquired. This shared entrepreneurial experience is complemented by industry-specific insight; CEO Patrick Hogan comes from a family with a multi-generational background in the construction sector, providing a foundational understanding of the market's pain points.

The company's core offering is a software-as-a-service (SaaS) platform designed to automate and streamline the entire construction payment lifecycle. This platform serves material suppliers, equipment dealers, and contractors, including Fortune 500 and publicly traded companies. The business generates revenue through subscriptions to its software, which provides a suite of tools to manage payment compliance and credit workflows. These tools address critical, often manual, tasks such as lien management, notice and deadline tracking, owner verification, and the exchange of lien waivers. By automating these processes, Handle aims to reduce Days Sales Outstanding (DSO) and improve operational efficiency for its clients' credit departments.

A key component of Handle's platform is its online payment and waiver exchange portal, which facilitates faster and more secure transactions between parties. The system is built to handle the specific complexities of construction payments, such as managing trade credit and deductions. The company's trajectory was accelerated by its participation in the Y Combinator Winter 2019 batch and has since secured significant funding, including a $10 million Series A round, to expand its engineering, sales, and support teams. By integrating directly into the payment workflows, the platform not only simplifies billing but also generates valuable business intelligence on the parties involved in a project, creating a more transparent financial ecosystem.

Keywords: construction finance, payment compliance, lien management, construction payments, fintech, SaaS, accounts receivable automation, credit management software, material suppliers, contractor payments, Y Combinator, construction technology, payment portal, waiver exchange, deadline tracking, DSO reduction, B2B payments, trade credit, project finance, construction billing