Press Release
Contractor+ Is Leveling The Playing Field, Turning The Construction Industry On Its Head With Its Potentially Game-Changing AI-Driven App
–News Direct–
By Meg Flippin, Benzinga
Contractors play an important role in construction, but when it comes to scaling, many struggle to do more than $2 million in annual sales. A lack of technology is a big reason. Providing estimates, managing customers and handling billing manually can be time-consuming and cumbersome. High pricing is another problem. Finding good workers amid a shortage and solid leads can prove difficult and expensive. Furthermore, network-level collaboration has been largely absent in the contractor space so far.
Such factors can put contractors in the U.S. at a disadvantage, seeing the growing demand for their services. The construction market is big and growing, requiring contractors to get the work done. As of 2023, the global construction market size was $13.57 trillion. By 2032, its projected to reach $23.92 trillion, growing at a CAGR of 6.5% between now and 2032. To take advantage of that growth, contractors need an upgrade, and Contractor+ believes it can provide that through its AI-driven platform that enables contractors to control every aspect of their business from a mobile app.
Leveling The Playing Field For All Contractors
The idea behind Contractor+, the brainchild of CEO Justin Smith and CTO Roshan Sethia, is to level the playing field for contractors who may lack technological know-how or have financial constraints factors that could be preventing them from growing. The company supports growth by giving small and medium businesses access to the tools that can improve quality, automate processes, enhance efficiency and productivity and streamline the process from estimate to completion of the job. That in turn also frees up contractors to do more work and bring in more money. Our platform is more than a tool; it's a bridge connecting contractors to the digital era, empowering them with technology that was once out of reach, the company said in its pitch to investors. The construction industry, historically slow to adopt technology and sensitive to high prices, finds a haven in Contractor+, where next-level efficiency meets affordability.
At the heart of its platform is patent-pending AI that lets contractors transform hours of work into minutes using automation. The app comes with highly flexible and powerful estimation tools, collaboration tools so all parties involved in the project can see what stage its at, a website to generate leads and the ability to process payments through the app. On one dashboard, customers see the number of active jobs, estimates, invoices, leads, payments and expenses, as well as a list of current actionable items, the days schedule and gross revenue. No more sifting through paper-based invoices and notes jotted down to manage schedules, timelines and payments its all done through one mobile app.
Click here to learn more about how Contractor+ is leveling the playing field for contractors.
Proof Is In The Growth
Around since January 2020, Contractor+ has been making a name for itself in the industry, boasting 75,000 home improvement projects successfully managed via its app, more than 800 paying businesses using the app and a fast-growing community of 5,500 monthly active users. This has translated into year-over-year topline growth of 122%, with the company pegging its total addressable market at $60 billion. Its monthly recurring revenue is targeted to hit $53,000 in 2024, $175,000 by the end of 2025 and $535,000 through 2028. Contractor+ is forecasting annual revenue to reach $22.2 million, gross margins to hit 75% and net margin to be at 33% by 2028.
But its not just subscriptions Contractor+ is relying on to drive sales and growth. It envisions creating a wide-reaching community in which it can sell, support and provide leads for everything from insurance to referrals. Our vision extends beyond market capture; it's about market expansion through a collaborative marketplace that not only addresses current needs but also anticipates future demands, says Contractor+.
Seize The Moment
Investors seem to agree so far. Since launching its capital fundraising campaign, Contractor+ has raised $255,000 from 129 investors, more than halfway to its goal of raising $430,000. It previously raised $90,000 from angel investors, including executives from Alphabet Inc.s (NASDAQ: GOOG) Google, Meta Platforms Inc. (NASDAQ: META), Intel Corp. (NASDAQ: INTC), Amazon.com Inc. (NASDAQ: AMZN) and CACI International Inc. (NYSE: CACI). Hemdeep Dulthummon, a principal at Optiscale Ventures and lead syndicate on this fundraising round said he is confident in the startups ability to grow. Dulthummon believes that even capturing just a small share of the market can propel Contractor+ to a $100 million valuation. Contractor+ offers compelling value propositions to its target customers. The platform's tools deliver significant benefits at a low cost, translating to high ROI and minimal barriers to entry, says Dulthummon. Ideally, the company wants to raise a total of $1.5 million to supercharge its platform, potentially dominate the market and stand out from rivals servicing contractors.
The construction industry is late to the technology party, with countless contractors relying on manual, time-consuming processes to give estimates, manage projects and accept payments. Contractor+ is turning that on its head, leveling the playing field for even the smallest contractor.
Featured photo by Theme Photos on Unsplash.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
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View source version on newsdirect.com: https://newsdirect.com/news/contractor-is-leveling-the-playing-field-turning-the-construction-industry-on-its-head-with-its-potentially-game-changing-ai-driven-app-754747807
Benzinga
COMTEX_452404947/2655/2024-05-15T08:43:35
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Press Release
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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