CoFi

Construction financing and payment software platform

Digital platform that streamlines construction financing with automated draw processing, digital certified inspections, lien waiver management, and accelerated payments to subcontractors. Serves small to medium-sized builders with loan sizes from $250K to $60M.

$7M (seed funding, March 2022) raised Growth Stage

Founded 2018 · Davies Construction, Keystone Construction, and other regional builders (exact total count not disclosed)

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WHY IT EXISTS

Why This Tool Exists

The Problem

Construction builders struggle with lengthy financing approval processes and delayed cash flow to job sites. Subcontractors and suppliers typically wait 74+ days for payment, creating cash flow strain throughout the construction supply chain. Small to mid-sized builders lack access to construction-specific financing solutions with transparent, streamlined processes.

The Solution

Proprietary payment software platform that automates construction financing and payment processing. Enables draw processing in 10 minutes with digital certified inspections and automated lien waiver management. Accelerates subcontractor payments to as little as 4 days, improving cash flow across the project ecosystem.

USAGE

How You Use It

Delivery Method

SaaSWeb Portal

Disciplines

Construction

Project Phases

Construction Administration, Construction Phase

Project Types

Residential, Commercial, Development

TRANSPARENCY

Data Transparency

Exactly what this tool uses and how

Input

What it needs

Required: Project information, Construction loan application details

Optional: Certified inspection documentation, Lien waivers, Draw requests, Project schedules

Formats: Web form submission, Digital document uploads

Output

What you get

Format: Loan approval decisions and automated draw processing

Fields: Loan approval status, Funding availability and draw amounts, Draw processing confirmation, Payment scheduling information, Lien waiver status, Project payment tracking

Algorithm

How it works

Model: Proprietary loan underwriting system with automated draw processing

Accuracy: Not publicly specified

Privacy

How your data is protected

Retention: Indefinite retention of loan and project data within customer account

Training: Not publicly specified

Compliance: SOC 2 (referenced on website), NMLS regulated (NMLS ID: 2450168)

API

Integration

Endpoint: Contact vendor for API access

Method: Not publicly documented

USE CASES

Use Cases

· Rapid construction loan approval for residential builders
· Automated draw processing with 10-minute turnaround
· Accelerated subcontractor and supplier payment (4+ days)
· Digital certified inspection and lien waiver management
· Cash flow optimization across construction project lifecycle
· Production and tract development financing
· Fix and flip project financing

PRICING

Pricing

Free

Trial available (specific terms not publicly disclosed)

Pro

Interest rates: 6.5% - 9.5% (loan product pricing; specific tier structure not publicly available)

Enterprise

Custom pricing available for larger portfolios; contact for details

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Research Sources & Data Quality Last verified: 2026-04-04

Data Sources (8)

Verified Data (12)

problem, solution, deliveryMethod, disciplines, projectPhases, projectTypes, yearFounded, maturityStage, customerBase, fundingTotal, useCases, pricing-range

Not Found (9)

third-party-integrations, api-documentation, privacy-policy-document, data-retention-policy, soc2-report, exact-customer-count, specific-fee-structure, algorithm-accuracy-metrics, data-training-practices

Our Commitment: We only include verified data from official sources. If information isn't publicly available, we mark it as "Not publicly specified" rather than guessing.

ALTERNATIVES

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