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Procore

Is Procore a bank or a financial institution?

  1. Last updated
    Apr 1, 2025
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 General Availability in Select Markets (United States)
flag-us.png Procore Pay icon-external-link.png  is available in the United States. It is designed for General Contractors and Owner-Builders who act as their own General Contractors on a job. Procore Pay extends the Invoice Management icon-external-link.png functionality in the Procore web application to handle the payment process between general and specialty contractors.

Answer

No. Procore Technologies, Inc. is a provider of construction management software products, which includes fintech solutions and money services:

  • Procore. A Software as a Service (SaaS) construction management platform offered by Procore Technologies, Inc. See Procore Construction Platform.
  • Procore Pay. An additional payment solution that works with the Procore platform's Invoice Management tools to simplify the payments between General Contractors and Specialty Contractors. General Contractors must purchase Procore Pay, and Specialty Contractors must be invited to join Procore Pay by the payor. To learn more, see Construction Payment Software: Pay.
  • Procore Payment Services, Inc. A Money Service Business (MSB) that provides a money transmission service to move funds between General Contractors and Specialty Contractors in licensed states with Procore Pay. See Procore Payment Services, Inc. 
 Note
Alternatively, payors who implement Procore Pay can optionally move funds with an established financial institution. To learn more, see How do funds flow between bank accounts with Procore Pay?

See Also