Constrafor grabs $106M in equity, credit to finance construction subcontractors

Large construction projects often take a long time to finish, and subcontractors can get caught up in the flow of money, waiting, in certain circumstances, up to 80 days to be paid by general contractors. This not only causes delays, but also means subcontractors are essentially being asked to finance their portion of the project, Constrafor CEO Anwar Ghauche told TechCrunch.
“Subcontractors get hired on the project, and when they finish their first month of work, submit an invoice and then wait an average of 45 to 60 days — even up to 80 days — to get paid,” he added. “Meanwhile, they are buy

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