Bassem Hamdy News Today

Briq, which has built a platform designed to allow all departments of a construction company to automate financial workflows such as accounts payable and payroll, has raised $8 million in an extension round at a $150 million valuation. The company opted to “wait out the market,” and raise a smaller dollar amount with less dilution at a flat valuation rather than go out and try to raise a Series C, said CEO and co-founder Bassem Hamdy in an interview with TechCrunch. MetaProp, who...

Briq last raised in 2021 and is focused on allowing all departments of a construction company to automate financial workflows.

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The biggest threat to President Joe Biden’s vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a

pandemic, and now as vaccines become more widely available, we are reporting on how our local schools, businesses and communities are returning to a more "normal" future. Theres never been more of a need for the kind of local, independent and unbiased journalism that The Day produces. Please support our work by subscribing today. Bidens infrastructure plan endangered by big shortages of everything In this April 6, 2021, file photo traffic moves over the George Washington Bridge as seen from ...

Dive Brief: Financial software firm Briq today announced the launch of BriqCash, the first construction payments and rewards platform focused on how contractors manage their expenses and cash. BriqCash gives general and specialty contractors the ability to automate invoice processing, onboard and manage vendors, control expenses at the cost-code level and make direct payments that earn cash back and industry-specific rewards on items such as tools, equipment rentals and supplies.  This is Br...

Total funding: $23.2 million What it does: Uses artificial intelligence to allow owners of commercial real estate to see under the hood of their property insurance in order to make changes that reduce their premiums.  Why its hot: Cofounder Hemant Shah is the longtime CEO of Risk Management Solutions, the largest risk-analytics company. The idea behind Archipelago is to allow owners of commercial real estate to see how their insurance risk is calculated. That gives them concrete information th...

Share it The U.S. business community overall has suffered a great deal during the coronavirus pandemic. Restaurants and retail establishments have shut down due to customers staying home during lockdowns or because of tight government restrictions on how they are able to operate. Contractors and others in the industry have also taken a hit, even though many services were deemed essential, because some owners and developers are taking a pause on their projects amid economic uncertainty. But ther...