COMING SOON
The home remodeling industry often faces challenges related to unreliable payment schedules, lack of transparency, and delayed project timelines. Contractors struggle with cash flow disruptions, while homeowners experience uncertainty about project progress and funding allocation. These pain points demand an innovative solution that addresses the needs of both contractors and homeowners.
HOW IT
WORKS
01
SIGN UP
Contractor creates profile, sends Customer instructions on how to sign up.
MILESTONE BASED
Contractor creates the scope of work, contract and milestone payment schedule
02
03
CUSTOMER APPROVAL
Customer accepts or modifies the scope of work, contract, or payment schedule
3RD PARTY ESCROW
Upon approval customer funds third party escrow account
04
05
WORK BEGINS
Contractor begins work and recieves payments after customer approves of milestones met
FINAL PAYMENT
Contractor requests final payment, if accepted by the Client Contractor receives the final payment subesquent to signing the lein release
06
07
REVIEW
Customer offers vener review and rates Contractor
the problem
The US Federal Trade Commission (FTC) received more than 5.8 million reports in 2021 of construction fraud cases. Financial losses in these fraud cases totaled over $6.1 Billion. These cases include claims of homeowners not paying invoices and contractors not doing the work previously paid for.
STRATEGY
Our go-to-market strategy involves targeted digital marketing campaigns, industry partnerships, and direct outreach to contractors and homeowners. We aim to build brand awareness through social media, content marketing, and participation in industry events to establish Paygress.com as the go-to platform for efficient remodeling project payments.
industry
The home remodeling market is projected to reach $450 billion by 2025, with a substantial number of homeowners investing in property renovations. However, there is a significant gap in efficient payment management solutions tailored to this sector. Paygress.com aims to capture a substantial share of this market by providing a user-friendly and secure platform for managing remodeling project payments. There’s an average 1.4 million New Homes Built in the U.S. each year. Every Home renovated or constructed is a potential user for the Paygress.com System. Not only is it a great tool to manage homeowner to contractor/builder payments, but it will also be available for general contractors to use for the processing of payments to its subcontractors and vendors.
team
Our team comprises experienced professionals with backgrounds in fintech, software development, and the home remodeling industry. Together, we bring a unique blend of expertise to lead Paygress.com towards success.
WHO WE ARE
While there are various project management and payment platforms, Paygress.com stands out due to its focus on the specific needs of the home remodeling industry. Unlike generic solutions, our platform provides milestone-based escrow, tailored project timelines, and contractor collaboration tools, making us a unique and essential offering in this market. We understand that Paygress.com is a very unique and one-of-a-kind application at this point. However, there will always be copycats and competition in the market. Other potential risks may include user adoption challenges and regulatory compliance. We plan to address these risks through continuous product innovation, targeted marketing, strategic partnerships, and diligent adherence to industry regulations.