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Chatham, N.Y., Tech Firm Speeds Up Payments among Builders, Insurers, Banks.
Byline: Keri P. Mattox
Aug. 25--At the entrance to the corporate headquarters of Sawbucks Inc., large pink letters menacingly spell out "DO NOT CROSS."
But visitors soon realize the warning is a child's chalk scribblings and Sawbucks is nestled quaintly in Steven Wightman's Payne Avenue garage.
But he may not be there for long.
Sawbucks, a tech-driven payment company aimed at getting money swiftly from banks and insurance companies to building-material suppliers, already has 700 retail locations signed up for its soon-to-be-launched technology. Seven major insurance companies also are on-board. And Wightman believes a $5 million venture capital deal is imminent.
"I would think that next month, we'll have our funding. I'd be shocked if we didn't," he said.
Wightman, seated at his "conference table" -- a picnic table in …
