[sterwill]

I haven't been in a position where I needed to finance work on my home, but I have wanted a safe and easy way to pay individual contractors. Some of them prefer cash or paper checks (and their tax liabilities are their business), but an electronic payment is better for me. I'd feel better if the payment platform offered me a bit of protection (arbitration? just a standard contract?) if there was a dispute over the quality of the work. I think there's definitely a space for a trade payments platform.

Best of luck with Kanda!

[RobKanda]

One of the products Kanda hopes to bring to market soon is a secure holding account to arbitrate payments. You could pay electronically upfront into the account, letting the tradesperson know you can pay for the work, and the money would be released upon completion and once you are happy with the quality of their work

[taxidump]

In the solar industry, lenders will cut off a contractor pretty quick if there are any issues. The amount of due diligence done by the lender is a pretty solid guarantee to the customer.

Our dealer fees are between 21-30% of the total loan, but the term is usually 20-25 years long.