# BlueTape

> BlueTape is a payments and financing platform built for the construction industry. It gives material suppliers, manufacturers, dealers and contractors the tools larger firms take for granted - trade credit, net terms up to 120 days, buy-now-pay-later for building materials, automated accounts receivable, factoring, early-payment programs and lines of credit. The goal is simple: help small and midsize construction businesses get paid faster, sell more, and finance the materials they need without the paperwork and cash-flow crunch that has long defined the trade.

- **Founded:** 2021
- **Headquarters:** McLean, Virginia, United States
- **Founders:** Yaser Masoudnia (Co-Founder & CEO), Patrick Gannon (Co-Founder & COO)
- **Team size:** ~24 employees
- **Products:** Trade Credit, Buy Now, Pay Later (Virtual Card), Payment Portal / Accounts Receivable Automation, Factoring, Early Payment Program
- **Notable:** Raised $55M ($50M debt + $5M seed) in 2022 to scale lending for construction SMBs, Grew to 6,000+ enrolled customers, Reduced customers' Days Sales Outstanding to as little as 1 day

## Products & services

- **Trade Credit** — Lets suppliers extend net terms to their customers while BlueTape carries the risk and pays the supplier fast. Contractors can buy building materials and pay over time.
- **Buy Now, Pay Later (Virtual Card)** — Contractors finance building-supply invoices at any materials store, buying materials now and paying suppliers back over time - up to 120 days.
- **Payment Portal / Accounts Receivable Automation** — Replaces manual invoicing with an automated order-to-cash payment portal that can lower Days Sales Outstanding to as little as 1 day.
- **Factoring** — Converts outstanding invoices and trade receivables into immediate working capital.
- **Early Payment Program** — Gives suppliers access to cash ahead of standard terms while still offering customers flexibility.
- **Lines of Credit** — Business lines of credit for qualifying contractors, remodelers and builders in the US.
- **Credit Management Tool** — Automated credit decisioning, credit checks and credit-limit management that reduces non-payment risk and credit-bureau costs.
- **E-Commerce Integration** — Embeds BlueTape financing and net-terms checkout into suppliers' online stores and marketplaces.

## Achievements

- Raised $55M ($50M debt + $5M seed) in 2022 to scale lending for construction SMBs
- Grew to 6,000+ enrolled customers
- Reduced customers' Days Sales Outstanding to as little as 1 day
- Reports up to 30% sales increase for suppliers offering BlueTape terms
- Launched BNPL for building supplies and a Virtual Card for in-store material financing
- BBB Accredited Business with a 4.5-star Trustpilot rating
- Featured in Yahoo Finance, Business Insider, PYMNTS and Builder

## Latest updates

- **2023-11** — BlueTape raised a Series A round to continue scaling its construction financing platform.
- **2023-05** — Launched the BlueTape Virtual Card, letting US contractors finance building-supply invoices at any materials store.
- **2023-01** — Introduced a business Lines of Credit program for qualifying contractors, remodelers and builders.
- **2022-08** — Closed $55M in seed and debt funding led by Chicago Ventures and Arcadia Funds.

## Links

- Website: https://bluetape.com
- LinkedIn: https://www.linkedin.com/company/bluetapepay
- Twitter/X: https://twitter.com/BlueTapePay
- Facebook: https://www.facebook.com/BlueTapePay

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Profile page: https://yespress.io/bluetape
Published by YesPress — https://yespress.io
Last updated: 2026-06-10