AR automation and payments platform for construction suppliers
HQ: San Francisco, CA | Founded: 2022 | Employees: 21 | Stage: Seed | Website: https://usedill.com
Dill provides accounts receivable automation and payment processing for construction suppliers and distributors. The platform handles online payments, lien rights management, preliminary notices, lien waiver processing, and cash application. Customers are wholesalers and distributors in plumbing, HVAC, PVF, and industrial supply who sell to contractors. Dill integrates with Epicor Prophet 21 and Eclipse (dominant ERPs in construction distribution) and connects to 12,000+ bank institutions via Plaid. Customers report getting paid ~20% faster, with 80%+ of payments routed through the platform. Founded in 2022 by Catherine Jiang, a second-time founder. Her previous company SiteTrace (material ordering for mechanical/HVAC/plumbing trades) was acquired. She also worked as a PM at Yelp. YC Winter 2023 batch. Raised ~$1.6M from Y Combinator, Formus Capital, Punch Capital, and Start-Up Chile. ~$5M estimated revenue (external estimate). ~21 employees. HQ in San Francisco, CA with team across US, Kenya, and Uganda.
Dill is a focused vertical fintech play in construction supplier payments — a large, unmodernized market. Catherine Jiang is a second-time founder with domain expertise (previous company SiteTrace was acquired). The integration with Epicor Prophet 21 and Eclipse (dominant ERP systems in construction distribution) is a strong moat. Customers report 20% faster payments and route 80%+ of payments through the platform, showing good engagement. ~$5M estimated revenue with modest funding suggests capital efficiency. Key risk: depends on deep ERP integrations and distributor adoption.
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