- Buildnow secures $9.7 million in funding led by STV and Arbah Capital to support SMEs in construction.
- The company provides “Build Now, Pay Later” solutions, ensuring flexible credit terms for buyers and upfront payments for suppliers.
- Buildnow’s expansion will enhance financial accessibility and drive digital transformation in the construction industry.
Saudi Arabia-based construction technology startup Buildnow has successfully raised $9.7 million in a funding round led by STV and Arbah Capital. The investment includes a combination of equity and debt financing, reinforcing Buildnow’s vision to support small and medium enterprises (SMEs) in the construction sector.
Strengthening SME Financing in Construction
Founded in April 2022 by Hisham Al Saleh, Rahat Dewan, and Abdullah Al Sheikh, Buildnow offers a “Build Now, Pay Later” (BNPL) solution tailored for SMEs in the construction industry. The company provides flexible credit terms for buyers while ensuring upfront payments to SME suppliers, enhancing cash flow and supply chain efficiency.
The new funding will be used to expand Buildnow’s operations and improve financial accessibility for construction businesses in the Middle East. With the construction sector playing a pivotal role in economic growth, Buildnow’s innovative approach aims to empower SMEs by addressing liquidity constraints.
A History of Steady Growth
This latest investment follows a previous seed funding round in March 2024, where Buildnow secured $9.4 million, consisting of $6.5 million in equity and $2.9 million in debt financing. The continuous investor interest highlights the startup’s potential to transform financial solutions for construction businesses.
Leveraging Technology for Smarter Financing
Buildnow leverages advanced digital tools to assess financial data, legal status, and market reputation, enabling it to offer customized credit solutions. This data-driven approach ensures that SMEs receive tailored financing while suppliers gain reliable payment structures.
By focusing on digital transformation, Buildnow aims to foster sustainable growth in the construction industry and create a seamless financial ecosystem for all stakeholders involved.
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Last Updated on February 13, 2025 by Safiya K
