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Contech firm launches new banking service for contractors

January 19, 2022

Briq Cash wants to solve what it calls “inefficiencies” surrounding payments in the construction industry, from time-consuming tasks like opening multiple accounts to digitizing files and data like receipts and invoices.

“There’s different regulatory requirements that sometimes companies have to be compliant with,” said Ron Goldshmidt, Briq co-founder in an interview with Construction Dive. “There’s a lot of labor and an expense involved in the unposted costs of construction. That’s something that we’re aiming to tackle at the source.”

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