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Payapps

Payapps is a software development company which develops subcontractor payment management solutions for the construction industry.

Backed by

CIBC Innovation BankingCIBC Innovation Banking

Raised 12.76M EQUITY on October 31, 2023

About

Payapps is a cloud-based construction software provider that manages construction payment processing and subcontractor payment applications, integrating UK/Irish platform WebContractor to streamline payment workflows across the British Isles.

Mission

Payapps is a cloud-based construction software provider focused on construction payment processing and subcontractor payment applications. The company has more than 40,000 customers worldwide. It is acquiring UK-based WebContractor, which manages subcontractor payment applications for businesses in the UK and Irish construction sector. Payapps says the combination will optimise business processes and further disrupt construction payment processing technology. To facilitate the acquisition and support its expansion across the British Isles, Payapps secured external financing. Leadership framed the deal as a significant milestone in growing the company’s client base and geographic footprint.

Quick Facts

Founded

2013

Funding

EQUITY

Industry

Construction, Payments, SaaS, Software, Software Engineering

Team Size

251-500

Headquarters

Melbourne, Victoria, Australia