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Suppli offers an end-to-end accounts receivable, collections, and payments platform for B2B distributors and materials suppliers. Its core product automates trade credit management, enabling businesses to efficiently convert receivables into cash. This technology helps users accelerate cash flow and optimize financial operations, providing a comprehensive solution for managing financial transactions within the supply chain.
Suppli was co-founded in April 2021 by Ryan Ayers and Thanasi Skafidas. Their previous work in investment revealed a clear market gap for specialized software addressing the complexities of B2B trade credit. This insight spurred them to build the comprehensive financial tool they observed was missing, directly tackling inefficiencies and outdated practices prevalent in the industry.
The platform targets B2B distributors and materials suppliers aiming for enhanced financial agility and stronger customer relationships. Suppli's vision focuses on empowering these businesses to achieve faster payments, simplify complex financial workflows, and foster more robust customer interactions via superior trade credit solutions. The company strives to redefine financial management in the distribution sector, anticipating future demands for efficiency.
Suppli has raised $3.0M across 1 funding round.
Suppli has raised $3.0M in total across 1 funding round.
Suppli is a construction technology company that builds a software platform for payment solutions and accounts receivable (AR) management tailored to construction suppliers and distributors.[1][2][3] It offers tools to streamline payments via text, email, or online portals, automate reminders, track balances, and integrate with major construction material ERP systems, helping suppliers get paid faster while reducing risk and boosting margins through compliant card convenience fees.[1][3] Serving independent distributors and larger operations in the construction supply industry, Suppli addresses slow payments and manual processes in a fragmented market, with early growth including a 2023 partnership with the AD buying group (representing $75B+ in sales) and integrations that sync customer data and apply payments automatically.[1][3]
Founded in 2021 or 2022 and headquartered in Austin, Texas, the company has raised under $5M in funding, maintains a small team (<25 employees), and emphasizes responsive support (under 10-minute human responses during business hours).[1][2][3]
Suppli emerged in 2021 (per some records) or 2022 (per others) in Austin, Texas, founded by Ryan Ayers, who serves as CEO and co-founder.[1][2] Ayers and the team identified pain points in construction supply chains, such as manual AR processes like emails, calls, and notes, which hinder cash flow for independent distributors competing with big-box stores.[1][3] The idea crystallized around building modern payment and communication tools that integrate seamlessly with ERP systems, turning credit departments into competitive advantages.[1][3]
Early traction came quickly: by 2023, Suppli partnered with AD (America's Distributors), a major industrial and contractor supplies buying group spanning nine industries and three countries with over $75B in annual sales, as a preferred service provider—expanding access to AD members and validating its feature set for distributors of all sizes.[1]
Suppli stands out in construction fintech through specialized features for suppliers:
These elements, praised by users for fraud reduction and workflow fit, differentiate it from general fintech or procurement platforms like Build Chain or BulkSource.[1][3]
Suppli rides the construction tech (ConTech) wave, targeting digitization of a $1.7T+ U.S. industry plagued by payment delays (often 60-90 days) and fragmentation among 500K+ suppliers.[1] Timing aligns with post-pandemic supply chain pressures, rising material costs, and ERP modernization, where independents seek tools to match enterprise efficiency without high costs.[1][3] Market forces like labor shortages, inflation, and demand for cash-flow tools favor Suppli, especially as partnerships like AD amplify reach across $75B+ in sales.[1]
It influences the ecosystem by empowering smaller distributors—democratizing AR tech, fostering faster payments, and enabling scale against giants, while integrations bridge legacy ERPs to modern fintech, accelerating ConTech adoption.[3][4]
Suppli is poised for expansion by deepening AD ties, pursuing more ERP integrations, and scaling to national brands amid ConTech's projected 15%+ CAGR through 2030. Trends like AI-driven collections, embedded finance, and sustainability-linked payments could shape its path, potentially via Series A funding to fuel international growth. As it evolves, Suppli's focus on supplier margins and support positions it to redefine AR as a growth engine, turning construction's payment friction into a competitive edge from day one.
Suppli has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2023 | $3M Seed | Equal Ventures | BoxGroup, Brainchild, CoinFund, CRV, Goodwater Capital, M.g. Siegler, Slow Ventures, The Engine, Valar Ventures, David Chang, Jeremy YAP, MG Siegler, Scott Belsky, ALI Javid, Chase Gilbert, Audacious Ventures, Dash Fund | Announced |
Suppli has raised $3.0M in total across 1 funding round.
Suppli's investors include Equal Ventures, BoxGroup, Brainchild, CoinFund, CRV, Goodwater Capital, M.G. Siegler, Slow Ventures, The Engine, Valar Ventures, David Chang, Jeremy Yap.
