Billd Secures $100 Million Credit Facility
Austin fintech Billd obtained the financing from Victory Park Capital to expand its lending to commercial construction subcontractors.
Updated on Nov. 5, 2026 in Startups
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Austin-based financial technology company Billd has secured a $100 million credit facility from Victory Park Capital. The facility is designed to support Billd's growth and expand its lending capacity for commercial construction subcontractors across the United States.
Why it matters
Subcontractors often pay for materials and labour before receiving payment from general contractors, and payment delays can create significant cash-flow pressure. Expanded lending capacity addresses that gap for a segment of the construction industry.
The announced facility totals $100 million from Victory Park Capital, and a separate $10 million working-capital commitment from Riverchain was announced in October. Billd has not disclosed borrowing terms, utilisation, or detailed lending performance figures.
The players
Billd
Billd is an Austin-based fintech company founded in 2018 that provides financing to commercial construction subcontractors across the United States.
Victory Park Capital
Victory Park Capital is a Chicago-headquartered investment firm founded in 2007 that became a majority-owned subsidiary of Janus Henderson Group in 2024.
The details
Billd uses a patented analytical and financing methodology based on construction payment patterns in its underwriting decisions. Victory Park Capital provides the financing through its asset-backed lending capabilities, and Billd also rolled out Flex Line, a revolving credit product for subcontractors.
Timeline
2018: Billd is founded.
2007: Victory Park Capital is founded.
2024: Victory Park Capital becomes a majority-owned subsidiary of Janus Henderson Group.
November 5, 2026: Billd's $100 million facility is announced.
Startups
The financing follows the asset-backed lending model Victory Park Capital has used with specialty finance companies, applying it to subcontractor cash-flow lending. Billd's move into a revolving product, Flex Line, places it in the niche of construction-specific fintech alongside its underwriting based on payment patterns.
Construction subcontractors across the United States may gain access to revolving credit that helps bridge delayed payments from general contractors. Billd has not disclosed how its products will be priced for borrowers.
The takeaway
Subcontractors facing slow payment cycles should compare revolving credit options, including products like Billd's Flex Line, against their existing lines of credit before committing. Review terms carefully, since the borrowing costs have not been disclosed.
Further reading
Explore more startup funding news to see how early-stage companies are financing their growth.
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