A missing waiver can hold up a perfectly good invoice. Levelset built a business around that awkward fact - and Procore bought it for approximately $500 million.
Construction payments come wrapped in waivers, deadlines and state-by-state rules. Handle turned that paperwork trap into a software platform now touching more than $160 billion in invoices and financial workflows.
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.