Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
A new Fintech platform, Good For The Money (GFTM), has launched to help UK builders’ merchants identify bad payers in real time — at no cost to those who share data.
Purpose-built for the construction materials supply chain, GFTM enables merchants to collaborate on payment risk, without sharing commercially sensitive information.
GFTM’s development was supported by a £100,000 Innovate UK grant under its AI Competencies in Key Sector programme, recognising the platform’s potential to aid credit risk management in the merchant trade.
GFTM delivers real-time, actionable data directly from merchants and other suppliers.
“This isn’t just a platform — it’s a shift in how construction suppliers protect themselves,” said Jeremy Price, CEO and co-founder of GFTM.
“Bad debt impacts everyone in the supply chain, even competitors. GFTM allows the industry to work together to tackle the problem, while keeping every contributor anonymous and secure.”
