ProjectPay: Aims to streamline payments in the construction industry
- ProjectPay launched a solution to remove risk while simplifying and streamlining payments in the Building and Construction industry
- Built on proprietary technology, it’s the first end-to-end secure payment solution built specifically for employers
- The system is now live having received a £100,000 Innovate UK grant and completed trials of its payment system on two projects in London
- The SaaS platform enables all levels of the supply chain to be paid at the same time
- It uses smart tech and a proprietary cascading trust system to protect project funds for work completed by subcontractors
- The Innovate UK fund was granted as part of the British government’s sustainable economic recovery plan
