Truss (formerly MazumaGo) is a fintech banking platform (banking services provided by Thread Bank, Member FDIC) designed specifically for contractors. Unlike horizontal fintechs like Relay or Novo, Truss was built from the ground up around the cash-flow patterns of construction, HVAC, and specialty trades: large inbound customer payments, separate AR and AP flows, subcontractor and vendor pay, and the need to issue spending cards to technicians and foremen in the field.
The core offering is free business checking with no monthly fees, no account minimums, and no transfer fees on receivables or payables. HVAC contractors can accept ACH and credit card payments from homeowners with zero transaction fees on ACH (a major savings vs. typical 1-3% card processors on invoices), collect mobile check deposits from technicians in trucks, and pay vendors and subs by ACH or check. The Truss Cards program lets owners issue unlimited physical or virtual cards to staff with per-card spending limits and real-time expense categorization, so the bookkeeper sees a clean record of what each technician spent on parts, fuel, and supplies.
Truss's partnership with Thread Bank provides $2.5M in FDIC insurance (well above the standard $250K) and enables outgoing ACH payments up to two business days faster than typical banks, which is critical for HVAC shops that need to pay suppliers same-week to keep jobs on schedule. Roadmap items include sending paper checks for invoice payment and lines of credit. For HVAC owners who want modern fintech banking explicitly designed for contractors (rather than a general-purpose fintech like Novo), Truss is one of the few options along with Adaptive and LenderBoard.