About us

Paperplane founders Daniel and Jack both grew up in the builders' merchants and wholesale industry. They didn't know that their family businesses were part of a £40 billion industry that supplies builders all over the United Kingdom. Growing up, they saw firsthand how tough it was for independent builders' merchants to manage cashflow and receivables across thousands of customers each month. It didn't make sense that smaller builders' merchants faced cash crunches that put them at a disadvantage against larger merchants. They knew something had to change.

Paperplane was founded in 2022 by founders with backgrounds in banking, software, and AI/ML at institutions like Goldman Sachs, University of Cambridge, and MIT. Using our expertise, we built AI models that analyze millions of datapoints about each customer, including their payment patterns and the updates from their sales reps. Using this novel data, Paperplane can predict which customers have high credit risk more accurately than manual review and weeks before it ever happens.

Our vision is to empower smaller, independent builders' merchants to accurately manage their cashflow and receivables. Instead of spending 100s of hours each week reviewing invoices and credit scores, finance teams can focus on growing their business.