Digital Garage Enters Construction B2B Payments Market: Optimizing Industry Cash Flow via Invoice Card Payments

Background and Strategic Objectives

Digital Garage, Inc. has announced a strategic partnership with WIREBASE, Inc., a provider of AI-driven solutions for the construction sector, to roll out the "DGFT Invoice Card Payment" service. The construction industry is currently grappling with unique cash flow challenges, including squeezed margins due to rising material costs and the inherent delay between project expenditure and revenue collection. Furthermore, following the enforcement of the Act on the Promotion of Subcontracting Small and Medium-sized Enterprises, there is an increased urgency for timely and appropriate payments to subcontractors. By leveraging their collective expertise, the two companies aim to address these critical management issues through a combination of operational efficiency and financial flexibility.

Service Overview: DGFT Invoice Card Payment

This partnership will bring the "DGFT Invoice Card Payment" service to WIREBASE’s extensive network of construction professionals. The service enables businesses to pay invoices that typically do not accept card payments by using a credit card instead. This mechanism allows companies to effectively defer payment deadlines, significantly improving short-term cash flow management. The platform supports all major credit card brands, including JCB, Visa, Mastercard, Diners Club, Saison Card, and Nicos.

Future Outlook

Digital Garage intends to accelerate the deployment of this service by fusing its deep expertise in payments and fintech with WIREBASE's specialized industry knowledge and AI capabilities. Looking ahead, the companies plan to explore and develop further solutions designed to solve management hurdles in the construction industry, focusing on the promotion of cashless ecosystems and the automation of back-office workflows.