Konstructly

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The Modern Operating System for Construction Construction is an industry almost as inefficient as it is large (13% of global GDP). We’re solving this by focusing on potentially the industry's biggest problem area - payments. Konstructly is the first piece of software for general contractors which ties payments to work approvals. It makes it possible to accurately assess what's been built on site and how much should be paid. Konstructly prevents overspend in construction by bridging the gap between those responsible for the payments in construction (back office) and those responsible for completing and managing the build (production). We digitise invoicing and payment approvals and connect them to the respective quality checks of the works, trade handovers and live progress. All of which are currently managed by unlinked, separate processes and data structures. The visibility we provide not only streamlines manual processes and allows much better schedule and payment management, it also incentivises productivity from subcontractors as they want to ensure they get paid on time, in full. Our co-founders are fintech and constrction experts - 2 early ex-Revolut operators and a construction entrepreneur who's businesses turned over £80m last year. Our customers include the 4th biggest construction company in the UK.