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Home » Buildnow secures $9.7 million investment led by STV
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Buildnow secures $9.7 million investment led by STV

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Buildnow, a Saudi-based company specialising in supply chain solutions for the construction sector in the Middle East, has announced the successful closure of a new $9.7 million funding round.

The round was led by STV and Arbah Capital, with additional funding from a mix of debt financing, reinforcing the company’s expansion plans in the market.

Buildnow provides “Build Now, Pay Later” solutions, aiming to support SMEs in the construction industry through a specialised credit management platform and an integrated supply chain network.

In March, the company closed an initial seed funding round worth SAR 35.3 million ($9.4 million), which included $6.5 million in equity and $2.9 million in debt financing.

Buildnow leverages advanced digital technologies to analyse the financial data, legal status, and market reputation of buyers. This allows the company to offer flexible financing solutions with tailored credit terms while also providing upfront liquidity to SME suppliers.

Founded in April 2022 by Hisham Al-Saleh, Rahat Dewan, and Abdullah Al-Sheikh, Buildnow aims to revolutionise construction financing with innovative solutions that foster growth and sustainability.

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Saudi German Health strengthens relationship with Mayo Clinic

Ajman, United Arab Emirates – Saudi German Health (SGH), one of the region’s leading healthcare…

Flyadeal launches daily flights to Syria

Saudi start-up SBR signs MoU with Jisr to accelerate AI-driven recruitment and support Saudi Arabia’s digital transformation

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Saudi German Health strengthens relationship with Mayo Clinic

Flyadeal launches daily flights to Syria

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Deliveroo UAE becomes part of DoorDash following completed acquisition

Apparel Group expands footprint in Saudi Arabia with three new R&B store openings

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