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Billd Solidifies Portfolio of Patents and Trade Secrets on Proprietary Processes for Innovative Financing Solutions for the Construction Industry

Read time: 2 minutes
Published: February 22, 2022
Last updated: April 19, 2022

Austin, TX, Feb. 22, 2022 Billd, the leading provider of material financing and other payment solutions for commercial subcontractors, has solidified its growing portfolio Intellectual Property (IP) through Patents and Trade Secrets through collaboration with ipCapital Group Inc., a leading intellectual property strategy consulting firm.  The company will leverage its patent portfolio for protection of its intellectual property, and for the expansion of its innovative, first-to-market payment and financing solutions. 

“Our payment and finance offerings are growing and, as Billd expands its reach across the construction industry, solidifying our proprietary process and technology will be a key factor in our growth strategy.” stated Chris Doyle, founder & CEO of Billd. ”All of our patented, innovative payment and financing solutions put the subcontractor front and center, and are designed to empower them to do the best work of their lives.”

 “A strategy for protection and expansion of not only new patents related to our material financing and pay application advance products, but also trade secrets and know-how as well, if executed, will be highly valuable,” said John Cronin, Managing Director and Chairman, ipCapital Group, Inc. “Billd has created some highly innovative and unique processes that require IP protection for their continued expansion and growth and I’m happy to be a part of it.”

Doyle and co-founder, CCO Jesse Weissburg created Billd after years of first-hand experience in the construction industry, where they saw subcontractors forced to pay for materials and labor up front while waiting 60+ days to be paid for their completed work. Billd was the first to market with a suite of innovative financial solutions that provide subcontractors access to extended terms on materials and immediate advances on approved pay apps. These innovative processes have helped thousands of subcontractors establish the liquidity they need to deliver timely and successful work on their commercial projects. 

Cronin and ipCapital Group have worked with over 1,500 companies and approximately 15% of the Fortune 500 companies, hundreds of mid-size companies, and hundreds of startups and governmental laboratories. Over the years, Cronin has authored over 1,000 patents and applications across hundreds of technology spaces, leveraging the ipCapital Methodology.

About ipCapital Group

ipCapital Group has been serving clients that range from early stage to Fortune 500 since 1998. Its interdisciplinary team trained in business, law, marketing, and product development provides a systematic and comprehensive view of the full lifecycle of IP, from inception through shareholder value creation. ipCapital Group maximizes business results for clients that seek to develop and execute IP strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCapital Group has worked with a variety of public companies including VirnetX.  For more information, visit www.ipcg.com.

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founders Christopher Doyle and Jesse Weissburg, industry veterans in both construction and finance, witnessed the detrimental impact to subcontractors of the longstanding broken payment cycle in construction. Their time in the trades inspired them to launch Billd in 2018, bringing the financial power of Wall Street to the construction job site. Billd's financial and payment products empower subcontractors to bypass project hurdles by providing access to upfront funds to cover their most pressing costs, including materials and labor. Unlike traditional financing outlets, Billd provides flexible lines of credit to accommodate the unpredictability of cash flow in construction, and extends their customers up to 120-day terms to align with industry payment standards. Billd knows traditional credit metrics are poor predictors for risk and has built a variety of industry-specific, proprietary analytic and financing tools to allow subcontractors to stabilize cash flow and more effectively grow their businesses.

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