Procore
“Can a construction SaaS platform own the entire financial stack — from project budgeting through contractor disbursements — for the global construction industry?”
Founded in 2002 as a cloud-based construction project management platform, Procore spent its first two decades digitalizing jobsite workflows for general contractors and owners. Beginning around 2022–2023, Procore began embedding financial services directly into its platform — most visibly through Procore Pay, a construction payments product that orchestrates GC-to-subcontractor disbursements via Modern Treasury ledger infrastructure and Goldman Sachs Transaction Banking. The creation of Procore Payment Services, Inc. as a licensed money transmitter signals an intent to own the financial layer of construction, not just the workflow layer.