Toolbox
Toolbox, based in New York, NY, provides a financial operating system and construction-focused corporate charge cards for contractors in the real estate and construction industry, enhancing their financial management and cash flow.
Services
Toolbox provides a comprehensive financial operating system designed specifically for construction, maintenance, and repair contractors. Their offerings include a construction-focused corporate charge card that handles mission-critical payments for materials and equipment purchases. Additionally, the company offers a smart expense management software that is free to use, aiming to help contractors improve cash flow, secure business credit, pay vendors, and gain insights for profitable growth. Toolbox also simplifies spend management, tracking profitability, and improving cashflows with real-time business cash position reports.
Products
Toolbox offers several key products to aid contractors in managing their finances. The primary product is a corporate charge card that provides access to credit limits ranging from $250,000 to $12 million annually without a personal guarantee or hard personal credit check. This card includes benefits like smart expense management tools, automated receipt capture, and unlimited corporate cards. Additionally, contractors can use a dedicated app to manage finances, make payments, issue new cards, and organize expenses by project. Moreover, contractors can earn cashback and track profitability through the platform.
Industry
Toolbox operates in the Real Estate and Construction industry, focusing specifically on the sub-sector of construction. The company addresses the financial management needs of construction, maintenance, and repair contractors. By offering specialized financial tools and services, Toolbox aims to facilitate better cash flow management, expense tracking, and profitability insights for businesses in this sector.
History
Toolbox is part of the Y-Combinator S20 batch, indicating its foundation and initial exposure occurred during the Summer 2020 batch of this renowned startup accelerator. The company is based in New York, NY, USA, and extends its services across the United States, America/Canada regions, as well as remote and partly remote operations. With a team of 12, Toolbox focuses on providing financial tools and services that empower construction contractors to manage their financial operations more efficiently.
Locations
Toolbox is headquartered in New York, NY, USA. The company operates primarily within the United States but also covers regions in America/Canada. It supports remote and partly remote business activities, allowing for flexibility and accessibility for its contractor clients.