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In the Media

Media Outlet:
TechCrunch
Publication Date:
Description:

TechCrunch reporter Christine Hall spotlights Anwar Ghauche MS ’10, CEO of Constrafor - a construction procurement platform that streamlines information, payment, and documentation between general contractors and subcontractors. “Subcontractors get hired on the project, and when they finish their first month of work, submit an invoice and then wait an average of 45 to 60 days — even up to 80 days — to get paid,” says Ghauche.  “Meanwhile, they are buying equipment and borrowing money to be able to do all of this work. You’re not borrowing at a cheap rate, either, because most banks barely touch them.”