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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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Al Baraka Group: Empowering customers through trade finance platform and diversified network

As part of its ongoing commitment to empowering its customers and supporting their expansion into…

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

ASICS Launches Innovation Pitch in Saudi Arabia to Empower Sports Participation Through Digital Innovation

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Al Baraka Group: Empowering customers through trade finance platform and diversified network

PARAGON Developments launches Saudi Arabia office in Riyadh, strengthening regional footprint across MENA

Al Jabr Trading Company supports hands-on EV training at Wadi Al-Dawasir Technical Institute

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