BuildNow Secures $9.4M in Seed Round Funding for Innovative 'Build Now Pay Later' Solution

We are excited to announce that BuildNow has successfully raised $9.4 million in a funding round that underscores our commitment to revolutionize the construction and manufacturing sectors in the MENAP region. As the first "Build Now Pay Later" solution in the area, BuildNow provides much-needed financial support for SMEs by funding the raw materials they require, all while offering tailored credit terms that enhance cash flow and foster growth. This latest injection of capital will enable us to expand our innovative platform, reinforcing our mission to provide an ethical, fast, and fully digital solution to construction financing. Our service stands out for its remarkable efficiency—operating 10 times faster than traditional funding methods—while ensuring compliance with shariah principles. With BuildNow, SMEs can engage with any supplier and acquire any materials they need without the cumbersome financial constraints typically associated with procurement. Plus, we add significant value by enabling businesses to pay suppliers upfront in cash, which can lead to discounts of up to 10% on materials. This funding will not only allow us to broaden our reach but also enhance our digital and customer service capabilities, ensuring that we continue to meet the evolving needs of our clients. We are grateful to our investors for their belief in our vision, and we look forward to creating a transformative impact in the construction landscape across the MENAP region.