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Truss Innovating Construction Banking

Truss revolutionizes banking for contractors, offering an all-in-one platform for managing finances. With Truss, contractors can streamline receivables, payments, and cards, saving time and improving efficiency.

  • Truss, founded in 2019 by Mathew Smith and Nick Addison, provides an all-in-one banking platform for construction businesses.
  • Offers $3M FDIC insurance, personalized account management, and tailored financial tools for the construction industry.
  • Secured $5M in total funding, including a recent $4,010,000 investment from MAVAN Capital Partners.

In the bustling world of construction, where time is money and efficiency is king, Truss emerges as a game-changer, offering an all-in-one banking platform tailor-made for contractors.

Imagine managing receivables, bill payments, and corporate cards seamlessly in one place. That's the power Truss brings to construction businesses of all sizes, revolutionizing the way they handle finances.

Banking made Simple, Personal, and Secure

Truss isn't just about streamlining finances; it's about empowering contractors. With features like $3M FDIC insurance, personalized account management, and white-glove onboarding, Truss delivers a banking experience that's personal, secure, and tailored to the unique needs of the construction industry.

Why Truss stands out?

What sets Truss apart is its deep understanding of the construction sector's financial complexities. While other industries might find traditional banking sufficient, construction demands more. Truss recognizes this gap and has stepped in with a mission to develop financial tools that propel modern construction businesses forward.

Truss began as a versatile payment solution but quickly honed in on the construction industry's specific needs. Even in today's digital age, many construction businesses rely on paper checks, highlighting the sector's lack of suitable banking tools.

Truss aims to change that by crafting cutting-edge banking and payment solutions designed with construction companies in mind.

Founding story and Funding details

Founded in 2019 in Victoria, Canada, by Mathew Smith and Nick Addison - Truss boasts a team of 12 dedicated individuals. The company has secured a total funding amount of $5M, with a recent investment of $4,010,000 in a Series Unknown round from MAVAN Capital Partners

The future of construction banking

Truss isn't just a banking platform; it's a vision for the future of construction banking. By offering modern, efficient, and tailored financial solutions, Truss is empowering contractors to focus on what they do best i.e., building.

So, whether it's a seasoned contractor or a budding entrepreneur in the construction industry, Truss is here to support at every step of the way. As mentioned, it offers them a modern, efficient, and personalized banking experience that helps them thrive in the fast-paced world of construction.

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Edited by Shruti Thapa