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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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Business

Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

Dubai, UAE – Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate…

Dubai Duty Free achieves record sales in July 2025, with sales surpassing AED638mln (US$175mln)

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Dubai welcomes Japan’s leading Udon Brand as Marugame Udon opens first UAE outlet at City Centre Deira

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Binghatti Holding’s USD500mln benchmark Sukuk 5 times oversubscribed

Dubai Duty Free achieves record sales in July 2025, with sales surpassing AED638mln (US$175mln)

SRC signs a real estate finance portfolio purchase agreement with Bank Albilad

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Super Stage to Shine with Star Power, Becoming the Beating Heart of SBC Summit

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