“Can a construction-native fintech own the entire payment and working-capital layer between general contractors, subcontractors, and project owners?”
Founded in 2020 as an online loan marketplace for commercial construction contractors, Struxtion quickly expanded beyond lending to build a broader payment-as-a-service platform (XPay) specifically for general contractors and their trade partners. The company embedded working capital financing, digital lien waivers, joint checks, and ACH rails into a single construction-native workflow. Its 2022 partnership with Solid Financial Technologies provided the BaaS layer supporting embedded banking and ACH transaction processing.
Struxtion discloses Solid as its banking provider, according to the Embedded Finance Index 2026.
Struxtion does not disclose a bank charter of its own; its banking services are provided through Solid.
Struxtion processes payments through Solid (self-operated via Solid partnership). Disclosed money-movement rails: ACH.
The Embedded Finance Index 2026 maps 4 layers in Struxtion's stack: Payments / PSP (Solid (self-operated via Solid partnership)); Money movement (ACH); Banking / BaaS (Solid); Lending (Early payment program for subcontractors and Working capital for contractors).
Struxtion was founded by Gregg Lund and is founded in 2020, headquartered in Cincinnati, OH, USA.
Struxtion has raised $5.5M in total (latest round: Seed, 2022).
Get a read on where your own stack stands against Struxtion 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.