“Can a construction management SaaS platform become the financial operating system for the construction industry by embedding payments, insurance, and capital into the project lifecycle?”
Founded in 2002 as a construction project management SaaS platform, Procore spent its first two decades building the dominant cloud-based OS for construction teams. Post-IPO in 2021, the company began embedding financial services directly into its platform: first insurance (Shepherd partnership 2022, Procore Risk Advisors brokerage 2023), then payments (Procore Pay, powered by Modern Treasury and Goldman Sachs TxB in 2023). The strategic direction is to capture the construction financial stack — invoicing, payments, insurance, and eventually capital — directly within the platform used by over 3 million daily users, monetizing through embedded finance alongside SaaS subscriptions.
Procore discloses Goldman Sachs TxB as its banking provider, according to the Embedded Finance Index 2026.
Procore does not disclose a bank charter of its own; its banking services are provided through Goldman Sachs TxB.
Procore processes payments through Procore Pay (self-operated).
Procore runs its ledger on Modern Treasury.
Procore's embedded insurance is provided by Shepherd.
Procore integrates with QuickBooks Desktop, Xero, Sage Intacct, NetSuite, Sage 300 CRE, Viewpoint Vista, Foundation Software, Acumatica and 5 others.
The Embedded Finance Index 2026 maps 7 layers in Procore's stack: Payments / PSP (Procore Pay (self-operated)); Banking / BaaS (Goldman Sachs TxB); Ledger (Modern Treasury); Insurance (Shepherd); Sponsor bank (Goldman Sachs TxB); Accounting (QuickBooks Desktop, Xero, Sage Intacct, NetSuite and 9 others); Treasury (Modern Treasury).
Procore was founded by Craig "Tooey" Courtemanche and Tooey Courtemanche and is founded in 2002, headquartered in Carpinteria, California, USA.
Get a read on where your own stack stands against Procore and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.