Billy

High-Level Overview

Billy, Inc. is a technology platform focused on streamlining compliance workflows in the construction industry, particularly around managing certificates of insurance (COI), W9 tax forms, business licenses, and other compliance documents. Its solution digitizes and automates contract compliance processes on construction projects of all sizes, aiming to make staff more operationally efficient by eliminating manual paperwork and reducing administrative burdens. Billy serves general contractors, construction firms, and vendors by providing a centralized, automated platform that integrates with construction management software like Procore to simplify vendor compliance and risk management[1][5].

Origin Story

Billy was founded in 2020 in New York City by Nyasha-Harmony Gutsa, a problem solver passionate about digitizing construction and insurance workflows. Nyasha’s background includes experience at Procore Technologies, a leading construction management software company, which influenced the development of Billy’s platform. The idea emerged from recognizing the inefficiencies and risks associated with manual compliance tracking in construction projects. Early traction came from partnerships with investors such as Entrada Venture and MetaProp, and integration with established construction software, which helped Billy gain credibility and adoption in the construction ecosystem[1].

Core Differentiators

• Specialized Focus: Tailored specifically for construction compliance, addressing unique industry challenges.
• Automation & Integration: Automates collection and verification of COIs and other compliance documents, integrating seamlessly with platforms like Procore to eliminate manual data entry.
• User Experience: No login required for vendors or brokers to upload documents, reducing friction and speeding up compliance workflows.
• Comprehensive Compliance Hub: Supports multiple document types (insurance certificates, W9s, licenses) in one platform, simplifying vendor management.
• Industry Expertise: Developed with input from experienced construction professionals, ensuring relevance and usability[1][5].

Role in the Broader Tech Landscape

Billy rides the growing trend of digital transformation and automation in the construction industry, a sector traditionally reliant on manual, paper-based processes. The timing is critical as construction firms face increasing regulatory scrutiny and risk management demands, alongside a broader push for operational efficiency through technology. Market forces such as the rise of PropTech (property technology) and InsurTech (insurance technology) create fertile ground for platforms like Billy that bridge construction and insurance compliance. By digitizing compliance workflows, Billy reduces risk exposure and administrative overhead, influencing the broader ecosystem by setting new standards for construction project compliance management[1].

Quick Take & Future Outlook

Billy is well-positioned to expand its footprint as construction firms increasingly adopt digital tools to manage risk and compliance. Future growth will likely be driven by deeper integrations with construction management and insurance platforms, enhanced automation features, and possibly expanding into adjacent compliance areas. Trends such as increased regulatory complexity and the digitization of construction workflows will shape Billy’s journey, potentially making it a key player in the digitization of construction compliance. Its influence may evolve from a niche compliance tool to a broader operational platform that helps construction firms manage risk, compliance, and vendor relationships more holistically[1][5].