Procore partners with Capitalise, to connect construction projects with funding
Capitalise, the small business platform that gives businesses and their adviser transparency and control over their finance all in one place, has today announced a partnership with Procore Technologies, Inc, a leading global provider of construction management software.
As part of the partnership, Capitalise is now be available on the Procore App Marketplace, enabling the construction industry to access over 100 business finance lenders through a seamless single application process.
In Capitalise’s recent ‘Get Fit for Business’ report, it was found that a whopping 84% of the construction, architecture and engineering industries need better help understanding their finances.
It also revealed that 59% of business leaders had been put off applying for funding as it is too time-consuming, complicated and admin heavy. Despite this, 68% said they need funding to achieve their goals for 2022.
With those challenges in mind, Capitalise’s partnership with Procore will allow the construction industry to connect with its panel of over 100 lenders, to give them full transparency over the different funding solutions available to them.
Oliver Cummings, commercial director at Capitalise, commented: “The construction industry is one of the UK’s largest markets, and a market that the economy relies on. This year, construction companies are looking to grow, and funding will be the key to help them flourish and continue to bolster the economy. Capitalise helps by connecting the construction industry with the insight, options and funding solutions essential to growth.
“We are thrilled to partner with Procore, so that our service casts a far wider net over the construction industry, to eventually support more businesses and projects throughout 2022 and beyond.”
Kris Lengieza, vice president of global partnerships and alliances at Procore, comments: “We are delighted to partner with Capitalise and have their integration included on the Procore Marketplace. Funding in the construction industry is critical for many small businesses in this sector, and Capitalise helps them find the funding they need to ensure their projects can run smoothly. Coming out of the pandemic, backlogs for construction are on the rise. Delivering capital through financing products gives small businesses the opportunity to grow and strive.”