BuildWallet is a comprehensive fintech platform offering solutions for Payment and Project Management. Through established processes, trading networks, and scalable production capabilities, the platform aims to minimize risk.
Flipping houses presents challenges. BuildWallet has condensed years of procedures into an application designed to assist in project planning, funding, management, and payment.
Plan:
Begin your flip with expert templates tailored to your project's needs. Need additional assistance? Invite a General Contractor to help finalize the budget within the app. Once the Plan is agreed upon, it is securely locked in for contracting purposes.
Fund:
Each project on the platform has its own Project Wallet owned by the Investor but affiliated with the property under construction. This segregation ensures that funds are used exclusively for the designated project based on the Project Schedule of Values (SOV).
Manage:
Upon establishing the Plan and securing funds, automated processes take over: Contracts are facilitated and approved within the app, with Subcontractors exclusively collaborating through the platform. All contract-related documentation is initiated, executed, and stored within the app for convenient access anytime, anywhere.
Pay:
BuildWallet streamlines direct payments to Subcontractors and Material Providers through its fintech capabilities. Once an invoice is approved, funds are instantly transferred to the recipients' Digital Wallets for swift access. Recipients can then choose to transfer the funds to their bank accounts using next-day ACH transfers.
Target Audience:
- Investors / Owners: BuildWallet caters to investors of all levels of expertise, combining a structured methodology with essential discipline to guide projects from start to finish while enhancing scalability without sacrificing control or profitability.
- Lenders: For lenders, BuildWallet offers risk mitigation by establishing budget and schedule controls while ensuring transparent payment management throughout a property's lifecycle.
- Contractors: The platform alleviates cash flow burdens for contractors, enabling them to concentrate on their core work through streamlined invoicing processes and reduced payment-related hassles.
- Subcontractors / Material Providers: Enjoy guaranteed payments directly into your Digital Wallet for instantaneous access and effortless transfers.
Fintech Note:
The app serves as a financial tool promoting safety and efficiency in money transactions. Users must undergo industry-standard KYB verification via an external Business Verification partner.
Discover more at www.buildwallet.com.
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Overview
BuildWallet is a Freeware software in the category Business developed by BuildWallet, LLC.
The latest version of BuildWallet is 1.14, released on 09/27/2024. It was initially added to our database on 09/27/2024.
BuildWallet runs on the following operating systems: iOS.
Users of BuildWallet gave it a rating of 4 out of 5 stars.
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